Wonder how many others are thinking the exact way that I am thinking, and whose next BTC transaction will involve them getting all of thier funds off the exchanges?
I remain more optimistic. The activity on some of the exchanges does look rigged indeed but if you look at China and BTC-e they seem to support my main count:
BTC-e 
Huobii.e. staying above ~380 with the simple moving average acting as support.
for how long?
a bottom for a week? a month?
Do you have a target?
My idea is that bitcoin has bottomed out and it will get in a bullish move lasting for multiple weeks with the simple moving average on the 12h acting as support throughout said uptrend. Where this will take the price exactly I am not sure.
I am holding onto my long positions for now.
(BITCOIN PRICE INDEX $376.00)
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