Having low orders is always good thing, made most of my BTC in last month or so with that. Though on altcoin market, I don't trade btc vs usd.

I think the excitement is done for today :-(. Looks like one more shakeout and then...

This was all already priced in by the time the hearing started.  *never* buy on news.

Remember all the good news we had in April too? Actually the FinCEN guidance was largely viewed as bullish when it was released too, accompanied by relatively positive talks by government officials. But it was manipulated to fit the bear narrative. This government approach is nothing new.

The truth is, we rose too fast.  Still way up week on week. Medium term, we can't rise at this pace, and need to correct. We have a fair way down to go yet.  

Hey this is one of the few smart posts I see around here. Totally spot on with things being priced in all the time.

We did rose too fast, that's absolutely correct. I did expect 1000 to be attacked after 900 failed but correction was way over due.

This is double bottom at 509, confirmed with high volume. It should stabilize and creep up.

This one has a lot more volume, we'll see.

/\tabs?->are you ready to see what we can do?...~it's your call ole' buddy!   =safe off?




WOOFFF!!!((==>>vvvv*CLICK!*vvvv<===))
http://www.residentadvisor.net/images/labels/alphapup.jpg

its wiser to go to the toilet.

Interesting moments, if we break down $350 we will see some real panic and the buying opportunity will be EXCELLENT. Difficult to say if it will happen though. $600-$700 (on Stamp) was an excellent moment to realize some fiat profits and I'm happy with the choice I made.

To all the "singularity" fans: just remember that BTC's infrastructure is not ready yet for such an event. Nevertheless, I find myself not agreeing with Blitz, this does not look to me like a "pop" preceeding a bear market, this looks to me just like a healthy correction that brings some sanity to an unsustainable parabolic growth scenario. We need to remember that Gox is broke; Bitstamp is currently delaying both deposits and withdrawals (its been +1 week since the last "fresh" money was credit to Bitstamp accounts); Coinbase halted trading, and the rest of exchanges are a joke. Fiat is having a harsh time to flow to and from the exchanges.

Taking into account all the above, I bet for the "correction" scenario.