Almost 7000 coins traded and only dropped 2 dollars... I'm liking this.
The next 7k coins would take us down $80.
here come the panic sellers
Didn't they already sell yesterday?
That makes sense. But there is someone trying to drive the price up. Reminds me to a similar situation in the 60s just after the -> 53 crash.
Could also be a classic bull - bear fight. Now bear has dumped 2k to 131 - we'll see if bull reacts.
That bear was actually driving the price down. Stupidly placing a 1.5k wall lower and lower before finally panicing and selling into the 132 wall. That seems like compete amateur crap to me rather than manipulation attempt. The person actually thought someone was going to just buy their large'ish wall on a low volume Saturday but instead they just created a resistance and no one bought, thus the price couldn't go anywhere but down, and they chased it for the last couple hours, always lowering the 1.5k. In the end it went from 135 to 133 and finally they gave up and sold into the 132 bid wall. HAHAH what a joke.
Yeah, that was weird to watch. When the wall came down to $133 I was hoping someone would just snatch it up, teach the guy a lesson until he dumped it and I realized it's just a confused bear with too many coins.
Clarkmoody lagged on me... was the wall bought, or removed?
Bought, bit by bit across a period of 60 seconds or so, which is puzzling.
The way the wall would be constantly brought down to kiss the best bid screams 'big scary wall of doom' manipulation attempt. At the same time as buys started coming in the seller had plenty of time to cancel the offer and keep his coins which suggests this may have been a genuine attempt to sell his coins. The other theory is the wall was self-bought bit by bit which is also silly because if this really were the bottom there'd be buyers one way or another, what's 7k coins worth at $126 when we were at $134 few hours ago.
But hey, let's hope the coins were an early adopters who wished to cash out and they're now distributed across multiple buyers.
i should go cover my short...
There's something like 30k coins worth of bids between $100 and $105. It's tempting to say that this may be the bottom for the time being.
