How are the EMA in this one different from the ones at Moody's?
Well, we all know that we have hit floors of $81 in May and $93 in June, so your "upwards" "projection" is pretty much wishful thinking. If you like arrows, try to retrace yours according to, you know,
actual bottoms and see where it points.
my feeling is everyone is calmly and silently bracing for 55$. No fear, no panic, just waiting.
You'd be surprised at the amount of people who can't wrap their heads around the idea of "selling high and minimize your losses and then buying lower more of the stuff you like".
The "spartans hold" mentality is widespread and very harmful, but frequently people have to learn it the hard way.
It's not silly. In this world economical situation it's maybe better to trust more in BTC than in fiat. I'm trading to get more BTC, because I believe BTC will be more valuable than fiat in the future. The biggest trend is BULLISH.
Let's see how quick fiat disappears from the order book.
Pre-bubble, fiat on Gox's order book was around $2M. That quickly escalated to $23M, which is a x10 increase on the market depth for the bid side.
We're now at $10M. What will be the "fiat on order book" bottom? I expect something between $4M and $6M, maybe a tad lower during the last few moments of panic once the bottom is finally reached.
I propose a new official song for this thread.
http://www.youtube.com/watch?v=6J-0YWU2amEI never thought this could happen
I never thought I could feel this way
Until this strange reaction today
You give me a new sensation
In a place that has no name
Something tells me I'll never feel the same
Now it's all changed
I'm falling, falling
Falling, falling
What have you done to me
I'm falling endlessly
I began to slip - I did not know what was coming next
Even so I was not prepared for this...not prepared for this
I used to think nothing mattered
Now I see possibilities
You showed a new direction to me
And it's all changed
I'm falling, falling
falling, falling---
