edwardspitz
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September 14, 2014, 12:04:31 AM

Market maker(s) does not appear to be done with the $470's yet. So after the rise to $480 we get dumps and after that the market is flooded with more low priced coins than the remaining active traders can handle. I don't see us going past $480 as long as the activity level and sentiment is so bad.

Question is if market movers have the balls to dump us below $470, or if we will just continue sideways for a while longer? As I said before I don't expect we will go much below $470 before we go up, but who knows.

Whales move slowly and it looks like this could give us yet another opportunity to get BTC below the current price level (and a chance to close shorts in an orderly fashion). I'm thinking that there must be a lot of traders sitting on the sidelines waiting to get some sort of sign of improvement. I personally believe that things are turning, but maybe we need to get to a point where inactive traders start thinking: "Wow, trading BTC has become really silly lately, I think I will buy some and see what happens".

Always remember: BTC price manipulation is one of the highest forms of endeavour to which a human being can choose to devote his time and energy  Cheesy