and positive and interesting news keeps flowing:
http://www.reddit.com/r/Bitcoin/comments/1e7s1h/nextgen_broker_set_on_growth_path/
https://bitcointalksearch.org/topic/ann-bitcoin-on-blueseed-the-international-waters-startup-ship-199424
Apart from the obvious findings (rather big ask wall at 120; significant drop of bid/ask ratio over the weekend, from a peak of ~140 to ~120, now slightly going up again), the average of the 'all orders market execution price' is going up again, after going down about 10 USD over the weekend, indicating more bids/less asks and a better price composition. Finally, price composition in the range of the previous bid/ask totals also improved slightly, prices up about 2% compared to 12h ago.
Looks good to me. Word of caution though: with similar, in fact: even better values at the end of last week (my calculations showed a peak of the above values on the 10th), we barely passed 120, and not for long either. So I'm not exactly holding my breath that we're going to break 125 this week, although I'm not ruling it out either.
On the other hand, as I have posted multiple times now, as long as those metrics (and the related money flow metrics) don't substantially change in the coming days, I really don't see the potential for any sharp decline either.
sideways is bullish - cancelling out a deflating bubble. I remember jumping on the bitcoin bandwagon over a month ago and the argument was not so much about whether or not bitcoin was going to crash, but how hard it was going to "correct".
Maybe the correction is over?
*speculation*