derpinheimer
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March 09, 2015, 07:51:21 PM

ooh, $294 gonna fall tonight?
Certainly looks that way. Lots of nice bids piling up on BFX. Shorts closing though, so anything too spectacular is bound to collapse back down, at least temporarily.

Long term downtrend breakout on Kraken BTC/EUR 1m.  Smiley

Had to look this up. It's true. QE in the Eurozone might be a driver for rising bitcoin prices.
Small exchanges do random things all the time. There is no significance if they break an uptrend or downtrend before any of the real exchanges. Not to say they all wont. But who cares about Kraken?

It's not a random thing. The price is lower than on Bitstamp.

It still doesn't matter what an exchange that small does. It wouldn't matter if someone dumped down to $10 on Kraken. They mean nothing.

It's the USD/Euro exchange rate that makes this happen now. Not that Kraken is a small exchange.
Oh, so you're saying it's because of the dollar. But what do you think that means in terms of bitcoin?

To be honest, I hope we won't see a rally.

A slow and steady rise from here would be very bullish.

I hope this, too.

IMO a slow rising price provides the most pain to the market atm, as both, bears and bulls are stay uncertain about the possible outcome.
This. When the price moves too quick, shorts and longs fuel the rise/drop. So if this were to go to $300 you know the shorts will be around 13k or less. What happens then? More shorts open. Price falls again. If it goes up slowly, shorts will close and new ones will open, longs will open and others will close. Sustainable.