does the fact that you cannot short bitcoins change the chart analysis any?

The psychology of it is very similar, and it seems like a lot of TA is based on psychology and using data to predict how people are reacting to different events. I'm not a TA expert, but that seems like my feelings.

There were few things blowing today too.

might happen tonight, big support at 70-72 breached, 65 is next level

Uggggh. What a ****ing massacre.

Race to the bottom for BTC, where's the explosion when you need one.

Market psychology is funny. A week ago people fighting to buy ASAP and swearing to buy any dip or hoping for a crash. But when crashes come they pile on to sell at any price.

If we make it to another boom cycle people will wish for these prices when these prices are only available in a panic.

I wonder and am anxious to see what's in store next.

Someone made a comment earlier along the lines of the mt.gox verification queue being large due to those hoping to get verification and cashout after the recent explosion and "correction?" Maybe mt.gox made it through a whole lot of queue today and this is the result? Or maybe I have no clue about the cashout process and what it means to be verified.

Thos who have already sold and are just waiting to get their money out of Gox won't affect the current price.

Anyone looking to sell? Looking to buy 10-20btc. Can pay almost any site or moneybookers

That makes sense.

crash in progress

guy that made bet at 6:1 might get paid tonight

starting to look that way

Oh god, I'm preparing myself to wake up to $15 btc.

i think all the "pure gamblers" that had no interest in btc, and only wanted to ride the wave up, are mostly out now. after that initial plummet from 250 to 150 or so, i think the gamblers saw that it can, indeed, go down just as fast as it went up. so its a lot tougher to buy on a dip when you don't think there is a lot of "gamble it up" money coming to pile in right after you. i'm not selling now, but am still watching prices constantly, because i wonder where the bottom is. i thought about trying to sell some more at the 100 level, with the intention of buying back in at some lower level, gaining some btc. to me, it was not worth the opportunity risk in case it does go back up. i was clearly wrong about that, and its looking more and more likely to hit 50 by tomorrow. its pretty crazy to me that literally the day after people started making bets on this, the market crashed.

If the pure gamblers aren't out yet, it won't be long.

65 broke and 60 broke, both had 3k+ size, 57 now and lots of size still below

back in the mid 60s, such a sick sweat. hold one time please. lol.

A lot of people are involved, with different views. It's still quite possible most of the people swearing to buy on a dip are doing so, or waiting to see how low it'll go. Obviously there are more people selling though.

Will be interesting to see what happens. Price is exactly on my average buying price right now so **** just got serious for me haha. jk I don't own enough to sweat it and I don't even have a method for converting to cash right now anyway, even if I wanted to.

Where is the big buyers when we need them

Theres been more volume today than the day of the crash.

Paging Winklevoss bros

I was hoping bank wires started during the beginning/middle of the decline would start arriving soon and might help prop the price up.