I know some of you think the coins have shifted hands and there are no longer any such whales or none that are willing to ever dump. I also know that in the past the whales wait for higher ATHs and for support to grow before dumping.
However, for purposes of discussion, let's say they went completely out of phase and surprised us by starting to dump 500,000 btc right now. Where would support be? Where would the bulls really dig their war trenches in?
Based on the walls I think about $150.
$50-100 there would be a ton of buyers, but I will get back in line to buy if we dip below $200 and buy all the way down to $.02