Sorry for the offtopic (I know that this thread is about LTC, bcash, jews, etc.), but I noticed a n00b/shorter/miner whale selling 600-1000-ish BTC's on Bitfinex in the last few days. May be he has more, since several big sells coincided with flashing a couple of 200BTC asks. His actions led to a smaller gap between Bitstamp and Bitfinex from 2.5% to 1.5% for a moment. I honestly admire the stupidity of all such people with thousands, even tens of thousands of Bitcoins that are desparate to sell when they see a couple of $'s increase of the price. I mean, in a low volume day, why selling so much? I don't get it. Unless, he is a shorter and want's to defend his position. It is like trying to stop the flooding with bare hands. These people need a reality check, not a bank check. Thankfully, they tend to lose all their wealth in a matter of days, so God bless the true hodlers!
I doubt that these kinds of folks are dumb or that they are attempting to move price with their bare hands. In that regard, there remains a certain ongoing resistance at $4k that may end up breaking up; however, breaking up is not inevitable... .
On the charts, it looks like an uphill battle, and it even looks as if buy support is continuing to build... which is surely a plausible narrative that could end up getting wiped out with a 10k btc dump across certain key exchanges that causes contagion dumps.... Yeah, maybe the number is not 10k BTC, and may take more than that, but the point and question is whether they have 10k btc (or whatever is the prudent extra quantity) that they are ready, willing, able to dump in their reserves (or amongst their friends that will cause a contagion dumping in order that the dump does not have to all be their coins).
We have seen it plenty of times before, where the ability to dump, just runs out, but from our "non-whale" perspective, we cannot really know if "this is the time" or NOT..... by the way, I am not asserting that whales know the future either or whether they could be success with a 10k btc dump that they could coordinate with other dumping (and possible simultaneous FUD planting), but there are likely some whales who have decent perspectives over possible breaking points, how many coins they need to have in reserve and whether they are bluffing or not with their willingness and/or ability to keep the BTC price down any further or any longer.