The pump stopped at 316 on finex (previous ) as expected as the Greece stayed as part of the EU by accepting the Bailout. We sold the news and headed down to 270-275 area where the intention of the bull whale was to continue what it already started. Right now its intentions are still not fully clear, that's why I outlined every possible scenarios in the chart above.
Although I still believe that the whale operating on all exchanges is slowing selling its stash of Bitcoin at 290-315 area, I could still be wrong and we could still see a rally to 360-380 target estimated on August 25 2015 which corresponds with the LTC Halving day (sell the news event!) if the Completes and the market remains above 300 after its completion.
Otherwise, this market maker will take the market down with him after trapping everyone at 290-31x (fake out) area to rebuy at much lower price around several key areas seen in my chart initially as the blue dotted lines:
Even if those levels are reached, the uptrend and market still remains INTACT as long as we remain above the bottom blue dotted line (238-243) area.
I also see that we are potentially having a round bottom within ANOTHER bigger round bottom, that's right! It is like a Bitcoinception - refer to this chart of mine:
As always use caution when trading BTC and be smart about your entries.
Bitfinex Signup: https://www.bitfinex.com/?refcode=355QQT...
Coinbase Signup: https://www.coinbase.com/join/52991e5e70...
News Article Reference:
Was Litecoin Pumped by a Chinese Ponzi Scheme? July 11 2015
Some twitter famous pumpers .e.g Fontas (his on TV and he posted a chart before pumping LTC), Benji and some others cant give more detailed names in here sorry