OK,

No charts, here is what's happening (or at least what I am seeing) in layman's terms:

1) Few days ago, someone (or a group of people) placed an order to sell a 1000 coins @ $605. This causes the uptrend to almost stop going up beyond this line. I call this an "UpBlock".

2) Another DownBlock was placed the opposite way @ $540.5, this causes it to not go beyond this line.

3) As the BTC price as a result of (1) above, goes a little downwards (about between $5 or $10), the UpBlock is moved backwards to block any uprise in BTC closer to the new "lower" price.

4) During this movement; say it's now at $570, then someone places an ASK order for $100 at $571, and then another for $50 at $565, this causes a slow-tip downwards.

5) With the BTC bought above from (4), as they accumulate (Generate some BTCs as a result of buying), they would be placed to "Sell Now" type order which are about 100 BTC's each, this causes the price to shoot downwards for about $10 eventually in a ripple-effect.

6) There are about 3-4 people repeating the same, few seconds apart between them. this causes the price to go down further.

7) As the price has gone down another $10, the above is repeated.

8 ) Currently, the UpBlock as a result has been moved down gradually so far and currently at $569.500 for 1164 BTC's.

9) As I estimated earlier few days ago, I was expecting it to go into $573, but now with 900 BTC's placed downwards on $540, I reckon it's going down there, or even less if the DownBlock is moved further.

As a result, the price is being pushed downwards and possibly preparing for the FBI auction.

Warning: Once the Blocks are lifted, be aware, the price will shoot up like you have never seen before, just like a spring exploding upwards once you release it after a hard push.

Personally, I'm happy with the above as I sold at $605 few days ago, I only lost $20 since the down-move.

I hope this gives an idea about what's going on, the question is: "Is this legal?!", well, since it's a decentralised currency, I don't think it can be questioned, or at least don't know ...

Either way; Good luck to all...

Kind Regards
Heider