why? The bid volume is much greater than the ask volume and that haven't stopping the price from slowly droping? Why would it suddenly go up on monday.

This is a long weekend in Japan, from Friday to Monday. The next working day there is Tuesday, so the Japanese banks will be closed until then. That means there cannot be any new fiat (dollars, euros, yen) going into MtGox for another three days. Now, there could be money sitting in MtGox but not on the order books... just like there could be BTC there and not on the books. We don't know how much of each there is. But we do know that for the next three days BTC can move in and out of Gox easily, fiat can't. That puts downward pressure on the price, until the banks open Tuesday morning and people start seeing their deposits going through.

Someone's defending 90 very hard 

Who knows, maybe they'll make it, same price was defended on similar way few weeks ago, though in an upward trend.

not sure you can call a vertical drop all the way down to 50 an upward trend...

Wash, rinse, repeat.

I tend to think we are going to test 50 again...

I'm voted for fooled for right now.. there's no bid depth other than that wall. Doesn't seem like that many people are ready to buy yet

Just to prove us all wrong, someone put a market order for 95. This could start an early rally...  

how did you come up with a downward direction here? i see the triangle, but triangle formations themselves tend not to have directional bias. by my analysis we've reached a short-term bottom.

I am considering a limit sell order in case some big, 9000+ BTC buyer says damn all to slippage over the weekend. Biased to the downside for three days, sell at say $105 this weekend, anticipating a buy back on Monday morning below $90?