Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Retina]

Good morning Wall Observer guy 

An Ascending triangle is governing support and resistance lines.

Support= 5070
Resistance= 5350


Bullish Scenario:

Weekly and Monthly resistance levels are sitting at the 5350 range. If we close a full daily candle above 5350. I would expect a measure move up to 5700. With another potential leg up to 6000.

Bearish Scenario:

If we close a full daily candle below 5070. I would anticipate a measure move to the 4500 range.
The rsi on the weekly has crossed the upper critical zone for the first time since 2017. The NVT signal is flashing red (sell) which has called every bitcoin top since its inception. Also we have been rejected now twice from the monthly and weekly moving averages.

Please keep in mind we are still on a down trend from 2017 until we break 6700. The bulls are creating a trade zone for us to choose a side. Longs are over leveraged 24k to shorts 19k. With a slow down turn in the altcoin momentum I would trade any leveraged moves cautiously.

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[JSRAW]

Satoshi coins belongs to Satoshi. It's up to him whatever he wants to do with it. He can give it to anyone be it his granny or grandchildren or throw away all his keys it's his decision and freezing someone's coins is ridiculous thing to say.

That's another discussion,  if out of blue he starts to dump his coins on us which is very unlikely because he didn't touched his stash so far but if he does then arguably many of us fucked for sure.

And we can't blame him if he decides to dump his stash because at some point we all gonna sell our stash too.

[DaRude]

Satoshi coins belongs to Satoshi. It's up to him whatever he wants to do with it. He can give it to anyone be it his granny or grandchildren or throw away all his keys it's his decision and freezing someone's coins is ridiculous thing to say.

That's another discussion,  if out of blue he starts to dump his coins on us which is very unlikely because he didn't touched his stash so far but if he does then arguably many of us fucked for sure.

And we can't blame him if he decides to dump his stash because at some point we all gonna sell our stash too.

You're missing the point. If Craig has the private keys he's free to spend them as he wishes regardless of who he is. The problem arises if Satoshi was Dave Kleiman and Hal Finney...and ?? locking the keys in the trust, and now CSW trying to establish himself as Satoshi so later he could get his hands on those keys unchallenged, since you know dead men don't talk.

[jojo69]

at some point we all gonna sell our stash too.

speak for yourself



I wonder if there is some way I can take out a life insurance policy on CSW

[slocker]

I believe the team of three theory is with Phillip James Wilson as the third member. He has offered a detailed and very long accounting of his involvement with the Satoshi group here http://vu.hn/bitcoin%20origins.html Ive read it in its entirety and find it much more plausible than any of the rantings of CSW. By Craigs admission to a reporter years ago he doesnt have a million coins bc he already spent his early coins years ago. No way a guy with that kind of ego would deny having a million coins if he really did have them. The simplest explanation for the million coins never moving is not bc Satoshi is the most humble and cheapest man to ever live with no care for money, its that Kleinman is dead, his keys are lost or encrypted, and dead men dont spend money.

I dont think that keys are lost someone has to have them. Maybe funds are divided on separate account or addresses and several people have keys for them but to be lost it little hard to believe. In that case many hackers will try to steal them in any way possible. Keys are here probably but question is this who have them now.

[VB1001]

https://twitter.com/ChartsBtc/status/1118913220251570176

Good morning !!! WO,s

Many messages from CSW....

Meeeeehhhhhh

This thread is from BTC.

I have commented some time seeing these graphs, my forecast for December is still +/- $10,000

[kenzawak]

Those FORKcoins

This about sums it up about fork coins... they're trash.

[vroom]

[VB1001]

In 1967, Italian engineer Giorgio Rosa

Republic of Rose Island

The platform declared independence on 24 June 1968

https://en.wikipedia.org/wiki/Republic_of_Rose_Island

Now, after many years, they continue with the same thought.

Governments do not like this kind of micronation initiatives.

They feel intimidated by any initiative that escapes their laws.

[VB1001]

US Presidential Candidate Andrew Yang Calls for Clear Crypto Regulations

Yang — an entrepreneur who contributed $120,000 to establish Venture For America (VFA), an accelerator aimed at building new startups in emerging cities — is running for president in 2020. As part of his presidential campaign, Yang stands for the implementation of cryptocurrency and digital assets regulation in the country.

https://cointelegraph.com/news/us-presidential-candidate-andrew-yang-calls-for-clear-crypto-regulations

https://www.yang2020.com/policies/digital-asset-regulation/

[bitebits]

A must-read report:

Our new report "Bitcoin in Heavy Accumulation" is out. Read here: https://docsend.com/view/jwr8qwx

Thank you for sharing, very interesting read by Tuur Demeester.

post it now

I keep telling that to my bank, but they are closed for four days. It is almost year 2020!

[greensheep]

By the way and a propos dutch speakers an what not, have you seen this? https://www.youtube.com/watch?v=5X1VIyZe3Ws

Hilarious!!
But it's a sketch and not reality...imagine

https://en.wikipedia.org/wiki/In_de_gloria

[fillippone]

In 1967, Italian engineer Giorgio Rosa

Republic of Rose Island

The platform declared independence on 24 June 1968

https://en.wikipedia.org/wiki/Republic_of_Rose_Island

Now, after many years, they continue with the same thought.

Governments do not like this kind of micronation initiatives.

They feel intimidated by any initiative that escapes their laws.

As an italian, I've heard about this several times.
Italian Wikipedia entry gives more informations, it might be worth a read via Google Transalate.

The key passage is the following:

The claims of sovereignty, independence and international rights acquired by the owners of the platform were unfounded, as Italian citizens, even outside Italy, must abide by state laws (this in a nutshell can be deduced from the essay on the Journal of International Law of 1968 ).

Wondering if this principle applies to every citizenship or only to italians.

[ProfTP]

Happy Eastern WO sers


the sideways is quite nice, no bump, no pump.

a good solid foundation to get a new strong rise.

it looks more and more likely the pattern of 2015 wont repeat and we get something unexpected and new most people dont expect.


McAfee is claiming to know who Satoshi is and he wants to reveal who that is.
In one of the Eamils he is posting on Twitter that is claimed to be from Satoshi it is written he is a black guy mixed with asian.
we dont need to know who he is, it would be quite a game changer if all the world knows who he is. Suddenly the world a a face to a hero and that would spark alot of media attention .

[Lambie Slayer]

I believe the team of three theory is with Phillip James Wilson as the third member. He has offered a detailed and very long accounting of his involvement with the Satoshi group here http://vu.hn/bitcoin%20origins.html Ive read it in its entirety and find it much more plausible than any of the rantings of CSW. By Craigs admission to a reporter years ago he doesnt have a million coins bc he already spent his early coins years ago. No way a guy with that kind of ego would deny having a million coins if he really did have them. The simplest explanation for the million coins never moving is not bc Satoshi is the most humble and cheapest man to ever live with no care for money, its that Kleinman is dead, his keys are lost or encrypted, and dead men dont spend money.

I dont think that keys are lost someone has to have them. Maybe funds are divided on separate account or addresses and several people have keys for them but to be lost it little hard to believe. In that case many hackers will try to steal them in any way possible. Keys are here probably but question is this who have them now.

Occum's razor would suggest that the simplest explanation of keys being lost(remember the coins werent worth a much when in the early days) is more likely than the complex explanation of someone somehow having the the motivation and will power to not cash out some coins after all these years while keeping his identity secret. Also the even more complicated and unlikely is the explanation that CSW a proven compulsive liar is actually telling the truth on his most grandiose story to date, the mythological Tulip Trust.

[Lambie Slayer]

What if Craig Wright is suing JJG   and that is why he disappeared.  

Maybe its nothing to worry about bc JJG would represent himself and destroy CSW's legal team with endless 1000 page legal motions. CSW would go bankrupt.

[DrDoctor1234]

Hey what do I gotta do to get a hat avatar. All these brothers stuntin hats on this long thread.

Is it a merit level thing I dunno, I can't even seem to put up any avatar. I want to feel included. I search the forum and got nothin.

[Last of the V8s]

Hey what do I gotta do to get a hat avatar. All these brothers stuntin hats on this long thread.

Is it a merit level thing I dunno, I can't even seem to put up any avatar. I want to feel included. I search the forum and got nothin.

You gotta get
-100 merits or something.
-Apply salving lotion to bitserve's balls
-find JJG
-go on twitter ask Ayre if CSW also a pedo, that's why they're mates
-sharpie in pooper photo
-viola, profit

[El duderino_]

Hey what do I gotta do to get a hat avatar. All these brothers stuntin hats on this long thread.

Is it a merit level thing I dunno, I can't even seem to put up any avatar. I want to feel included. I search the forum and got nothin.

Be involved long enough like some other WO-members and you will have a HAT in no time

[HairyMaclairy]

-McAffe stated on twitter that Satoshi still has access to the stash

My guess is that Mr. Mcafee's reveal hinted at this week will be Satoshi as himself and then he'll tell us that you're Satoshi too and then we'll feel all warm inside and that.

Why he would have a clue who he is is beyond me. By 2009 he was well into his jungle freak phase and before that it was yoga and microlights for many years. And if he did have the vaguest hint why did he not pile in in 2009/10/11/12/13 and more? By the time he arrived Satoshi was long gone and no one else has ever claimed to know. I can't see anyone cheerfully telling him over a line of drain cleaner a few years down the road.

Regardless of how you feel about him, if he has access to the private keys he has the coins. But at this stage it's pretty obvious that he doens't have the keys, the problem comes from some  judge deciding that he's Satoshi and ordering the trust to hand the keys to him (or allocating a chunk to him)

I don't know or care what the endgame is but there's no evidence of this trust either.

CSW been claiming that the keys are in that Tulip Trading Trust not to be distributed before 1/1/2020. It's just too much of a coincidence that he's starting his lawsuit on establishing himself as Satoshi now.

yeah....the 3 theory with Dave Kleiman and Hal Finney as the other 2 in the group (who have passed) ...my worst nightmare is he is right and they did put all the 'test coins' into
a tulip trust, that the last man standing can access. Jan 1st, 2020...being the weak link of the trio and the last man standing..that is the nightmare scenario to me (1 out of 50 chance of true IMHO) ...so if Craig Wright does get access to all that BTC he could play the same game as Bitcoin Cash and  crash BTC into BSV or some other silliness if he drove the price down enough on selling massively..it would make the 'tulip mania' of the middle ages look tame by comparison.

Anyway, like all 'nightmares' it is extremely unlikely, but still, if BTC was gonna go 'tulips' at this point in time, IMHO, it would take some classic unlikely event like this to do so...

Craig Wright as a 'black swan event' ...sh*t just scared myself (Again, 1-50 chance..but damn that would suck)

I believe the team of three theory is with Phillip James Wilson as the third member. He has offered a detailed and very long accounting of his involvement with the Satoshi group here http://vu.hn/bitcoin%20origins.html Ive read it in its entirety and find it much more plausible than any of the rantings of CSW. By Craigs admission to a reporter years ago he doesnt have a million coins bc he already spent his early coins years ago. No way a guy with that kind of ego would deny having a million coins if he really did have them. The simplest explanation for the million coins never moving is not bc Satoshi is the most humble and cheapest man to ever live with no care for money, its that Kleinman is dead, his keys are lost or encrypted, and dead men dont spend money.

Part way through reading this link and holy shit.  If this is a work of fiction it is well researched.