i've been watching the 15 & 5 minute charts almost everyday to notice the patterns of whales. they tend to channel the price into a tight range before moving it up.starting around the 750s it was very obvious. they would keep a sell wall at 745, while maintaining an auto replenishing buy wall at 690. after a day or two the price would be moved up roughly $50. eventually we ended up with walls at 790 and 845. then the price shot up to 1000. that rise did not have too many bulls following them up to 1000.
i've also noticed a recent pattern of dumps taking place at 1am PST.
however, the whales cashed out on the way down all the way down to 765. now they're maintaining a buy/sell wall between 850 and 800. i believe this could be a consolidation channel where they slowly cash out. they will sucker in the permabulls to buy in the 800s to fill up the support. when the support is strong enough they may try to move us up again but will eventually sell right into the support walls that are now filled with real organic limit buy orders.