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
Kommentarer
Fin365
⋅
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.
Aqua-Life
⋅
I totally agree with you! No more confusion and only the well organised exchanges remain operational.