I'm bearish on BTC right now so that makes me bearish on XMR. Too many rejections at $300/btc. Coinbase lunar rejection. March/April rejection. Summer rejection. You might say that XMR can go up without bitcoin. This is true, but it will be difficult. LTC and DRK both had pumps that failed this year.
What I want to see is broad bullishness in the cryptocurrency space. Not just short-lived, local pumps.
I will be bullish on BTC and XMR when the blocksize debate is over and we are moving closer to the halving. I'm going to be mostly in fiat until Jan 2016 at the earliest.
Mark Karpeles arrest and confirmation of the willybot history is extremely bearish, the great Bitcoin pump was insider manipulation, there is little demand for cryptocurrencies, but I'm extra bearish on Bitcoin, at least while cryptokingdown shows promise on XMR side, and it does.
I'm reading through the ex Mtgox CEO AMA on reddit now. Look at this:
The only time I suspected something was wrong (beyond Mark himself) was in April 2013 when my ex-employee contacted me to report there was an account that seemed to be buying bitcoins at a surplus rate, and it seemed to be internal to the company.
It's even worse than I thought. The fake trading started in April.
PS: Wall moved down to 0.0022, it still remains to be seen whether it's real or not.