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May 31, 2013, 12:17:56 PM |
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I don't think there is really much room or momentum for a downward trend, we're looking oversold right now and if you look at the bid sum/ask sum ratio it's still quite a bit higher than the current price. So that means there is still an overabundance of fiat sitting on the orderbook, even though overall both fiat and btc have been leaving the book lately.
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