Smoke and mirrors my friend.
"Whales" would have you believe that it's going to take 160BTC to break to 200k. The same whales would have you believe that you're safe because there's a large buy order sitting just under where you're at. This is how they give the illusion of stability, that a coin has increased in value and people aren't leaving it for another coin.
As soon as any good news appears, that wall 160BTC will vanish and the price will move up. It won't move of it's own accord at first, it'll be bought from the same whale that owns the 160BTC buy wall.
I think the only market that's resistant to manipulation is the BTC market (even though I'm sure that's still manipulated), but primarily because $100m can flood through the market in one day and only budge the overall price by 1%
-Pickle
You're partially right, and we have seen it before on other pumps, that doesn't stop the whale from having those coins at his disposal though.
My point is that even after pumping the price, he will still be able to massively dump it to the current price. So a fine ride, but no real value to the coin .
Anyway, talking about good news, another "cryptic" message from JJ?
https://twitter.com/JJ12880/status/715247741690126336
RT!