BITSTAMP:BTCUSD   Bitcoin / Dollar
581 2 1
Amid the confusion of Mt. Gox, other Bitcoin 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 momentum or volume
Fin365
2 years ago
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.
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Aqua-Life Fin365
2 years ago
I totally agree with you! No more confusion and only the well organised exchanges remain operational.
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