100 is cheap, not expensive.

or maybe he is waiting for sellers to wear off...

There was just another crazy market order with heavy slippage.

What are they doing?!

For anyone who didn't see this over the top, blaringly obvious outcome:

JimFred's count.

The 1h was way oversold for too long, and there was a hidden divergence set up, among other things. Yet there were many mixed signals.

they will do sooner or later.

Looking at the bid/ask sum, it looks like more people are throwing fiat at BTC than there are BTC holders wanting fiat. More people buying than selling = price rise. Don't be surprised if we see $105-110 this week.

And don't kid yourself, Mt.Gox pretty much always end up setting the price of the other exchanges. Because their volume is much smaller the adjustment is slower. It's just a matter of time before they catch up.

http://blockchained.com/depth_mtgox_15d.png

there was a bigger bidder last week and he hasnt bought in yet. (well not all in one time though)

Well, this pump is starting to have an effect as smaller buys are coming in to push the price up.
Manipulation is obvious when you see it happen live, but let's face it on the hourly daily chart traders will just see an important psychological resistance broken with high volume and get bullish.

(I assume that anyone with this kind of resources available has an agenda - if they were really just tossing fiat around without a plan, they would have gone broke a long time ago)

hypothesis: newbs use market orders

I think you deserve an explanation of what happened yesterday:

1. Your favourite daddy, Loozik, made a prediction and told you to be quick with your buy orders:

Daddy knew the price was going to drop to at least 93.87 (as per his picture), because Mrs Market demanded someone stimulated her clitoris (which happened to be at 93.87 and slightly below at that time). Daddy knew some whale would not resist the glory of this organ and will want to touch Mrs Market there at at that price.



At the beginning the prediction was going well and price started dropping in the anticipated direction. But after a few minutes the price action suddenly stopped and refused to go down. Why was that so?

My hypothesis is the whale noticed my post and picture here and realized someone was watching him as he prepared for the sacred act of clit stimulating. He was puzzled and had no idea of what to do next. Should he stop in the middle or continue while being carefully watched?

2. Daddy Loozik, having seen the whale had no clue of what to do, posted another picture for the whale so that he understands that if he does not act quick, he will need to spend a lot more coins to bring his finger to Mrs Market's clitoris from a much higher price of 97.



The whale did the arithmetic and followed the original plan to touch Mrs Market's clitoris by bring the price down to levels suggested by daddy Loozik.

3. What happened next? Mrs Market was pleased; someone stimulated her and she reciprocated with a price increase




WHO'S YOUR DADDY?