Amid the confusion of Mt. Gox, other proxies are getting hit along the way. While I myself was fairly confident the daily OTE Long sweet spot (562.98) level on Stamp was a good entry point, four tests of it finally diminished demand and with that level failing she is open to fall precipitously too. Indeed, it sure looks like she has a serious test of the December key low at 382.21 in her sights with no help from either or
I'm thinking that similar to the rises after shedding the baggage that was "Silk Road 1", the shedding of Mt Gox from the Bitcoin ecosystem could encourage many a serious investor. They have been watching the drama unfold for MONTHS. Now Gox is gone I'm expecting increasing confidence to cause either consolidation or a slow rise. I'm basing this theory on news, general attitudes on the forums, and bit-common-sense, and a little wishful thinking perhaps.