If $140 falls...
I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever. Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.
Down is certainly always an option, but in most cases pennants follow the previous trend which was up in this case. Only time will tell. =)
Looks like we broke through the pennant upwards, hopefully we can continue up through the next resistance level.
Im getting so giddy thinking of breaking 150
I cant believe the price is already up $10 since I bought... almost sold at $140 too.
There is no real money at gox, people want out, and are willing to take a loss, because Gox may go. Bitstamp, is in my opinion, a more fair price indicator.
I've heard the same story for 2 months now.
It's been true for said last two months also.
