oda.krell
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August 03, 2013, 04:29:09 PM

We're about to enter a (short-term, at least, but tradeable IMO) trend reversal, downwards, judging by what I look at. Still avoidable though if price picks up, to 104, 105 maybe.

Interestingly, mtg and bit are decoupled to a degree right now, with bit looking slightly more positive. The two exchanges are still strongly linked of course, but I noticed that there's at least some instances in the past 2 months were bit actually lead mtg. Not the norm though, usually still the other way round.

There are only traders selling and eventually trying to buy back lower, the base investors and miners aware of Gox issues won't sell for USD in limbo.
I am confident the available coins on Gox will continue to decrease the more the hiatus continues, creating price inflation at Gox.
Unless whales decide to induce a panic, but they are also aware of those issues.

I don't think we talk about the same thing. I'm not talking about the fundamental situation, the general buying/selling situation on either of the exchanges.

I'm talking about short-term *tradeable* (by my metric) dips or upswings. Like those that happen all the time. Like the on that just happened two days ago, where (theoretically) you could have sold at 110 and bought back at 101 (on mtg).

Anyway, like I said, not fully crystallized yet in my opinion, but I'm holding my finger on the trigger, so to speak.