This looks very bad for us. This manipulator that I have spoken so much about, just read any of my previous posts, that has increased the ask side of Bitcoin by probably over 10,000-20,000 bitcoins during the last few weeks, has seemed to pulled out!
This is huge, there is absolutely no supply. Last time he pulled out we had jumped to $30 dollars in no time. There are almost no ask walls anymore. Before today every .10 cents was walled with 2,000 to 3,000 ask wall, now it is down to the hundreds (or what it normally is without the manipulator).
I am not sure what the heck is going on or why this manipulator decided to pull out. But like I have been saying, there was no way that he could keep a ceiling on the bitcoin price by buying all the dollars coming into the market. Eventually this manipulator will pull out and it seems that he has after taking severe losses today.
This could honestly be a really bad rally coming. It may even reach new highs. I hope most of you have bought when it was in the $11's and $12's like I recommended.
Without this manipulator who seemed to be the sole reason to keep the bitcoin price low since the rise from $5's, bitcoin price will finally settle to its real market price of around $20 - $50.
I will probably sell bitcoins only when the price finally stablizes around those levels, and only when it is obvious that the manipulator is not in the market. I do not trust a bitcoin price that is based on this single manipulator, as always happens when he pulls out the price skyrockets.
Just read my past posts and all is like i have been saying.
I kinda agree...the manipulator(s) were not propping the market up they were drawing sheep down. Plus all the stupid .00/.05/.10 repeated bids were simply there to give an illusion that the market price was at a constantly lower price. The majority of sellers value their BTC at a much higher value and would rather not sell then to be led down for the slaughter.
Good luck to all who believe the OP...it'll be fine.