Guys, it's only a 1000btc wall... It's not trying to manipulate or anything, he just wants to sell, poor him...
You may be right, as his wall is being nibbled on quite a bit. I find it surprising that selling pressure is so low that hardly any asks are being placed beneath it. He has to know if he backed the wall to 105, he would end up with $5k more . . . Strange not to at this point unless he is trying to manipulate, very odd.
He's setting up a triangle. 104 is the center-line.
Used 0.01 add/rem bidspamming to quench volume of the uptrend. (Lag hovered at 1-2 minutes during insignificant price action.)
(Visible on Clark Moody if you check "Show Depth Messages in Console.")
Placed the top wall to force creation of the triangle, placed the mid wall to contain it, and lastly the lower wall to finish it.
You can see it for yourself in DougTanner's wallpic.
