adamstgBit
Legendary
*
Offline Offline

Activity: 1904
Merit: 1004


Trusted Bitcoiner


View Profile WWW Personal Message (Offline)

Ignore
August 22, 2013, 05:05:58 AM

It looks to me like someone's accumulating everything within a $5 range below each higher high since the 19th.

If we see $118/$119 I suspect it will shoot back up into the $123-$125 range again.

It seems that way, I suspect that the owner of the $125 wall is getting people to bid in front of him, then when there's a lot of asks he's buying them all up.  I've noticed that those big buys always seem to go up to his wall but never buy into it, which also makes me think it's the same person.  I'd expect that if others start buying into his wall or getting too close to it that he'll take it away and the price will go above $125

in any case, the longer we stay below it, the more likely this wall will just vanish.