86% voted buy or hold, a clear indicator we haven't yet left the bear market.

If this is true, then you are going to adore 1xx prices in the coming months.

I was expecting to see volume, a fight between bulls and bears and a slow jagged ascent to 260$, before the final descent.
But it seems pandas are impatient and dump before reaching there. Makes me happy I didn't buy this morning, as planned.

Pump failed now, a bit of consolidation needed, maybe later it will succeed.

Dear prof, IIRC some time ago you discovered the fractal nature of bitcoin price.
I suggest to take a look at the action of the 30th July 2014. The difference is that there was no drop and fast recovery like now before the pump.
Expect high volume and turbulence the next days, possibly up to ~260$, and permabulls raving over the action.

Isn't this pretty much insider trading?

Nice timing to bitch about bears...

Support broken on OKcoin, also triggered bearish flip of 2h PSAR.

Western exchanges don't yet look ready for the dump, only China. In a couple of hours we'll see who leads the market.

I think you buy bitcoin IOUs, just as on exchanges. The difference is that you can buy BTC IOU on exchanges for 235$ and then request a withdrawal of your real BTC.

Damn, I waited to jump on this pump late into the night, then had to go to sleep.
Obviously, I overslept, and now I see that one hour later it started, grrr...

A Chinese pump is brewing.

Let's see how this develops during the next 2 - 3 days. If there will be a rather deep correction, to 214$ or lower, with weak rebound, then sideways
for a couple of days, anatolio's chart would become highly probable, with an exception of the DCB from 170$, which should be stronger.

China leads, not Bitstamp. If the pandas decide to crash and burn, it will be so. Decision should be clear within 2 - 3 days.

RyNinDaCleM, do you find the current move similar to the one of February 13-14? I find many indicators similar.
I mean, starting from about the same bottom, the market shouldn't be able to break resistance at 304$, to confirm a new bull market.
So this could reach about 280$ before reverting to a bearish channel? I guess the answer will come tomorrow, if it breaks up further.

I wonder if this had any connection with the BTC-E pump.
http://arstechnica.com/tech-policy/2015/04/30/rogue-silk-road-dea-agent-arrested-with-go-bag-9mm-pistol/

I closed my short at a small loss, I suppose others did the same, being nervous about the BTC-E crazy pump.
Longs still in a similar position to August 2014, after short closing won't support current price anymore, I hope for a nice long squeeze.

This scenario could be confirmed (or not) within the next week.
https://www.tradingview.com/chart/BTCUSD/AHFOHXcM-Updated-Longterm-Downtrend-Cycles/

There are still plenty of permabulls starting the moontalk every minor uptrend.
If you want to see a possibly paid "anti-NLC" I suggest to look at this guy posting his "technical analysis" on tradingview:
https://www.tradingview.com/u/user100000/

No, not scared, this was before the crazy BTC-E pump. I expected a small rise reaching about 230$ today, so at that time I had no reason to be scared.
If I wouldn't have been lazy (by delaying placing the short limit order for the next day), yes I would have been scared when seeing the crazy pump.
I still don't understand the BTC-E pump, need more time to see the follow-up, and am now waiting for a new low risk entry for my planned short.