@ardana

What's your problem with simple psychology?

115 was the high from the bounce off 88. 110 is good too, it's marked by enormous volume. Largest volume on a 4h candle since the beginning of May.

that doesn't explain other exchanges following.

That's just sheep mentality, people still see Gox as the leader, so the moment the price changes on gox, everybody rushes to adjust their asks.

I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.

And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.

This is going to be a good week...

sarcasm?

No, I'm serious :-)

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

Woah, is there an official statement somewhere by their government on this somewhere? If this is true, its a big deal as I believe its a first for a country to outright outlaw bitcoins and potentially sets a precedent.