Perhaps I misrepresented my former statement when I said " within the next little while," since a while in BTC terms now goes to mean hours lol . But seriously, the events of this weekend will carry into the weeks ahead as the major catalyst for the BTC price (new-money) stagnates and reflects on the opportunity before them.

What?

*edit* Read this thread https://bt.irlbtc.com/view/323988.0;all

Right... And as soon as those people who bought the coin for 500-1000-10000 whatever don't get 501-1001-10001 in return after X time then what happens? You see again, the market system needs new $$ to operate.

noob question: how important is parabolic sar as an indicator?
1d charts for stamp and gox show that it flipped.
don't want to spread FUD, just want hear your opinions.

Yes, you are right. So the key is whether you are bullish or bearish in the long term, or in other words whether you believe BTC will finally go to mainstream (means much more $$ than now). If you believe in that, then all these up and downs do not matter so much and we know that all these big dumps along the way are inevitable. They are only meaningful to traders.

For trading, since BTC market is 24/7, it is better to rely on bot softwares. Otherwise, it's not worth sacrificing our life on it.

Withdrew btc from Gox an hour ago and still not showing on the block chain. Here we go again, more gox-games.

Yes, and the amount of interest drummed up in the last few days has assured that many people are trying to get money in.   They may wait to see where we land, but everyone knows we will be back up to $900+ eventually.   It would be awesome to consolidate for a few weeks, but I doubt we will be so lucky.   You are new, listen to the likes of Nemesis.  Not Blitz, he is not so bright with his "2011 all over" talk.   Everything is crazy bullish right now.   This is the best buying opportunity we will have for quite a while.   Watch closely if you are waiting for a bottom, they happen fast and are gone.   It may take a few days to sort this correction out, but it will be history soon enough.   If I had any more fiat handy, I would be getting it ready to spend, alas I spent the last little bit I had at $180 after the crash from $233.   At least I still have some $2 coins     Seriously though, be careful, what you want is more BTC, not more fiat.   Don't miss the boat because you are too bearish.

Yes, I agree. In my opinion, this kind of dump could be explained by one of the follows
1) failed manipulation
2) desperate for cash in urgent (doubt it due to the withdraw problem there)
3) insider trading (I don't know which news can dramatically crash BTC market now)
4) stolen BTCs (I heard Gox needs identification?)
5) arbitrage (are there some big buys that time in other exchanges?)
6) ... just crazy.

Any more explanations?

Cheers mate, I've posted up on it.

I'm not familiar with SAR (??) but I find EMA can give a good indication of trends; however, I don't think a daily chart provides particularly accurate info - the longer the time frame the more accurate TA becomes IMHO.

Indeed, there are a number of people here who argue that BTC is too new/volatile for TA and that fundamentals are a better guide.

NB I've only been trading since the beginning of the year although I've been aware of BTC since 2011 (I just stupidly didn't invest) - so what do I know