Mt. Gox Crash, Hollow Announcement. Blow-by-blow.

Mt. Gox Crash, Hollow Announcement. Blow-by-blow.

Technical analysis (original article below). 20h18 UTC - final update. The chart below shows price challenging the $110 level. The inset reveals the ~4200 BTC buy orders waiting at this level. Selling pressure has chipped away at this level for several hours and there is little hope those orders can cause a reversal. It looks like the bears have sub-$100 in mind... Analysis will have to be halted at this point since fatigue is setting in. More tomorrow! 14h22 UTC. Below $135 and currently resting on $130. Indicators across all timeframes are stretched to the max and this systematic grind....


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