Once you think you know where things are going, a huge whale will splash in out of nowhere and change everything.
Yeah, this whale driven price trend sucks.
Yeah, I know, right? Totally artificial (as you said a day or so ago). We should just ignore it and buy coins at lower prices.
I may have an answer for you. After looking again at the recent history, I believe there is one smart whale that started the
last rally to 130+, with a whale buy of about 8k BTC that smashed through the 125 resistance level ( up to 126 ).
Other smaller and slower whales followed, and then some panic buyers. The smart whale has already sold at least 4k BTC
around the 130 price, he positioned his sell orders almost one day before starting the rally ( saw this in the ask sum graph ).
This operation ( repeated ) is an efficient way to pump up the price without losing money. As for the final target of the smart whale,
it's to dump big at a higher price IMO. I have no idea what's his final price - at which he would dump big.
The smart whale could be one of you early adopters, with activity in the hundreds in this forum and ( tens of ? ) thousands of coins.
And he would hate to see his MO uncovered. About what to do in order to better adapt to his strategy, I don't know.
The smart whale covers his actions behind normal market movements, he just triggers them a bit sooner and stronger.