If we can take a 10BTC chunk out of this whale at 6800 (keeps removing then re adding his order) then we have a clear path up to 7500
The guy is desperate - he is placing lots of small sell orders to try and convince you there is lots of sell pressure, he is placing massive walls and then quickly removing them when people start buying them up - this is good. We need to absolutely cripple this guys BC reserves - he has manipulated the market and kept BC down for two weeks now - those coins need to be in the hands of 50 individuals instead of one asshole.
there is 8.5 Btc at 6900 sat
free market decide where the price will go
even pushing the price up is a wrong action
i think, after BlackCoin Friday and before the press release the price will go down, isn't true?
Your point is well-taken, however I'd emphasize/factor in a couple important considerations:
1. It's getting harder and harder to sink BC very far with big off-loads and still be able to recover below or even at-cost.
2. Each time BC 'fails to fail', it brings confidence to buyers, including new buyers, that their downside risk is limited and it's safe to buy.
3. Some of the big sells that temporarily slow the upward rise of our floor are BENEVOLENT, both in effect and in intent. They unload enough to keep progress steady rather than in violent, unstable spikes, and one can surmise these same people (mostly, at this point) will move swiftly to the buy-side. People don't want to be left behind.
This is precisely the trading dynamic that occurred in Bitcoin, most notably in the critical rise from $120's through the then historic prior high of 265-ish. After that all hell broke loose, the Chinese went insane, etc., etc.
ps It's 'Black Friday', not 'Blackcoin Friday'.