I can imagine right now PBOC is being infuriated by the rally and are devising some kind of emergency strategy to actually get the accounts closed as we speak.

Right, it's all over because of the countertrend rally on huobi, again. I guess the Chinese bulls have taken over, and will lead us out of the Chinese bear market, or something. The price being pushed up by China when all of the Chinese bank accounts are closing doesn't bother everyone, in the least. Surely this will continue once the accounts are closed and surely these coins are not going to be dumped on USD exchanges.

There's a good chance that once bitcoin is integrated with wallstreet, 'investing' in bitcoin is going to molded to fit in with every state law and inefficiency in with the existing system that bitcoin was created to avoid. I'd be suprised if the network itself was even used for anything useful at that point. Bitcoiners are sellouts. Everything is about raising the price and to-da-moon and deep down they just care about fiat.

I'm confused. On one hand the bulls argue for bitcoin to be this free renegade anarchist currency. Then on the other hand, the same bulls are all about getting wall street involved, government invovled, regulations, oversight, aml/kyc, and paper-traded etfs. etc. I guess whatever concept provokes the most price increase in the context of the topic at hand is the right one to use for them.

prediction, in </3 years, the world will be an enslaved world, because china

Not just ema; everything on the weekly chart is different from 2013. All the indicators. Everything is diverged and disjoined. So I don't see why there would automatically be any similarity.

Huobi was supposed to add trading fees for high frequency trading on May 10th 0:00

So is this the new Huobi with fees?

Even IF this was the reversal, why does everyone want to compare the recovery to the recovery in 2013? People are in a rush to make exact comparisons to the 2013 chart. "First itll go 600 for 3 weeks, then 800 for 3 weeks, then 1000, then the moon, bla bla bla".  Why? What makes 2013 so special? That was a completely different chart. The 1W EMAs were up. This time they are down.

It seems like the action always reverses as soon as we see a new Glimpse of the Huobi order book piled up with asks. Same thing happened the other night.

What I've noticed is in the past 4 days there has been a sudden action driven entirely by China, which started immediately following the 'joint exchange announcement'. So either China thinks everything is going to be ok or there is some kind of leveraged short covering before they cease margin trading. In either case, given the Chinese nature of it, I don't really trust it to end up turning into anything long term.

Low volume: check
Being led by China: check
Right next to log downtrend: check
Took weeks to inch its way up there: check
Just barely in ichimoku cloud: check

I am anxiously awaiting the big breakout.

I am having trouble thinking in linear after trading bitcoin for too long.

Maybe they know very well. As someone said, it could be shorts closing before cutoff of leverage trading, or perhaps capital flight to other exchanges.

So the past few times everyone got destroyed was when they were zoomed in to some smaller scale chart while ignoring that they were right up on a large scale resistance, no?

I don't see it. Can you help me out?

Agree. Every time I read a PR from the Twinkies, it includes something about it appears that progress is being made and something is going to happen in the future. However,  it is actually entirely a speculation and a hope created by themselves. They use their own logic to deduce what the SEC is thinking and present this as if it were a fact.

They're also always writing something something incredibly bullish based on their opinions but presented as some kind of fact.  For example their latest twitter  "now that China is priced in"... what???  Is he Chinese? Is a professional global currency/arbitrage analyst? How could he possibly know if China is 'priced in' especially with the exchanges still running and accepting bank deposits? I think btc business owners tend to be very unprofessional.  If he actually ran a company regulated by the SEC, he'd probably get in trouble.

Volume is hard to read in Bitcoin. 90% of bitcoin volume is traders, so volume decreases with volatility. Also, you can't tell what is going on off of exchanges.