boom! timed that one just right, snuck in before a whale
Seeing size move up instead of being super patient like the past two days. We're shaping up for a breakout to the upside.
Friday or Saturday night showed a major buy that spiked price temporarily into mid 103, but market showed no momentum after that and was characterized by sell offs. This was also only a 1k buy.
I would look for considerably more confirmation before having any faith at all in price rising to even 105, let alone surviving 105 without being met by large sells.
There has been enormous amounts of confirmation. I was short from the $130s (play on 100 euro's being a barrier), and after seeing how well btc has held up in the $95-100 range, I'm comfortable getting into longs.
as for "This was also only a 1k buy." - what should I be hoping to see? Someone pushing 10k at a time? My fundamental view is that bitcoin's adoption rate can support $100 btc's. Anything above is gravy.
The #'s make sense. Those that think the market can't support the thousands of coins being mined everyday (~3600), are forgetting about the fact that we're seeing over 1.5 million Android activations per day. That's straight from Google's mouth.
