Sorry for an on-topic posting
, but anyone track the 3000 GoxUSD bid wall that's on $100? When was it put up, has it been touched, etc?
Also, anyone care to speculate on the CampBX/bitstamp inversion? That is, normally CBX is closer to gox,
but now bitstamp is closer.Don't know about CampBX but Gox is now sitting above support (technical and psychological). The longer we are there the more Bitstamps price will creep up, because people know we can pop. So, that premium for withdrawals will evaporate as we move up from 100 imo.
Yeah, campbx is a small exchange and someone has been slowly dumping lots of coins ( in terms of campbx volume) by continuously setting sell orders until they fill, then rinse and repeat. They are using flat dollar amounts, 93.0, 94.0, 95.0
more or less the same thing is happening at cavirtex, its as if people are scared about MtGox price, they think its artificial so instead of letting the exchange rate catch up, they are keeping the price low and slowly selling off. they have no reason to take DUMPS as MtGox and Stamps are still both a few % points higher. A good buying opportunity if you ask me, Time is running out tho, price and volume is rising, the wall holding us back has just now been bitten into.
seller are probably selling low like this because they think mtgox price will drop again, and they will forsure be able to buy lower. Most people sell at the bottom, its up to you to take advantage of that fact.
You hit one point that has really caught my attention. The volume and not only the volume, but the block sizes. VERY big players brought us here. Are they taking us to support to just drop us off or go higher? I don't know, I guess either is possible. But big money would probably not be smart to do the former.
When large money really starts to move in, listen. Be careful, but listen. I'm trying to do both.
As it was brought to my attention, look at the weekly and monthly charts, both quite bullish.
