Mikemikemike,
Does it look to you like we have bottomed out? That little sell wall looks like whale games to me...
Artoo
It looks like we've stabilised which is great. The next large move will be pivotal. I personally think we're gonna breakout up within the next day. This looks like a textbook descending triangle which means a huge upside move should be coming soon.
That order. I don't know. It could just be someone trying to sell. It does seem a little silly though, if they broke it down into smaller orders it would sell allot quicker. Maybe they are trying to push down the market, but with only 40BTC its pretty suicidal, 400BTC would probably do it, not 40. I donno, believe it or not but if I had to choose, I'd say it would just be someone wanting out. It's far too small for a propper manipulation move, and if it is a manipulation move, far too stupid.
Remember, large holders doesn't mean they are smart. Allot of 16 year old miners make millions in this business, doesn't mean they have the game to effectively trade.
Anyways, it doesnt matter, I'm currently liquidating other funds so i can wipe it off the map. Ill happily take a 40BTC bet that were about to breakout upwards. It's kinda what I do.
