Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Why is it going up now? 
lol.. what happened ?? can't get any cheap coins anymore ?? ........... answer: anti-gravity happened .
obviously i could be wrong, and manipulators tend to move opposite of the predictors to spite them (probably not this time though) ... but i think you won't see less than 275 anytime soon.
Naturally market should've corrected to 50 fib lvl atleast (~268$) or to 61.8 (~257$) before another leg up to 320-340$, thats why price fell to sub 280$ but willybot on goxobi just stopped it, this "market" is being totally manipulated by goxoby/okgox's bots owners. Considering incoming stock markets collapse i would say that we're gonna see some flat range until end of august and then hyped movement to ~370-390$.
people are calling the stock market to collapse for 2 years now... And so far S&P 500 is still in a strong bullmarket
Until it doesn't. FED is now talking about increasing interest rates and stop QE money used to pump up the stock market. Place your bet.
they are not going to raise interest rate.. that is just talk.. they talk about it to help the markets cuz everyone thinks if fed says they are going to raise interest rates soon then everything must be good ... but they can't raise interest rates.. if they did everything would implode.. they wouldn't be able to service the debt.. they will go negative interest rates before the ever go up again. they aren't going to stop QE either.. instead they outsource the QE. i keep raising the bets... lol .
You can't inflate a bubble ad infinitum, thinking otherwise is pure fantasy. The FED know that. They will rise the interest rates because at some point they will have to and also because Wall Street will make a shit load of money out of that anticipated collapse.
They don't have to inflate indefinitely. For some it's just until the next election cycle. For some it's until they can cash out. For most, they just want to hoover every scrap of wealth in a desperate race to the bottom because they're baby boomers and they don't want anything left for Gen Xers and millennials except the smoking ruins of a formerly great civilization.