The calm before the storm hits next weekend... perhaps the weekend after that. I'm inclined to think that those holding and waiting for the price to increase are going to do their monthly cash out a little earlier than in November, just in time for the holiday break.
Yikes there's going to be a storm!? This coming weekend or next? What price will it go to?
It just looks like there's a big sell off around the middle of the month on a pretty regular basis. People are suggesting that the manipulator had all his fake ask walls bought up, but I'm not so sure. I'd say it's entirely possible that *a* manipulator (e.g. there's more than one) bought a bunch of BTC from some other manipulator, at around... what was it, $2.80, give or take? So if price climbs up to $3.15 with a sufficiently large number of buyers, they could cash out and make a nice little 10% profit off their move. Even more likely is that there was a lot of BTC purchased below $2.40 last month, so for those who purchased they could make close to a 50% increase.
Note that I'm not bearish or bullish really; it appears after the bubble and correction that we're going to hang out in the $2 to $3 range (or $2 to $3.50) for a while, waiting for the next big bubble. In the meantime, we'll bounce around in that range quite a bit, month to month. Or maybe not, but I'm not betting we're ready for a slow steady climb just yet. Guess we'll see how our bets play out in the next few weeks, and Dan can update his "wrong and right" thread. :-)
