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

[Last of the V8s]

^ nice pic, quoted

1D $BTC
100EMA/100SMA crosses have only occurred 6 times in $BTC's history
Bull cross occurred on May 14th


https://twitter.com/CarpeNoctom/status/1134577025899999232

[El duderino_]

I am waiting for 10k. Lambie, you said 10k in 1 week, tell us the exact time with minutes if you can.

Don't ask idiotic questions add the great WO thread........



!!!!!!!!!!!!!!!!!

[Last of the V8s]

snipped from https://bitcointalk.org/index.php?topic=178336.msg51300791#msg51300791

Hmm, not so Vastly Late after all eh Mr. L Slayer?
#firstquintile #defamation #seeyouincourt #haveanicelife

[HairyMaclairy]

Im too lazy rn to post HM's fractal charts but Im sure you all remember the 2 pumps past 300 in spring and summer of 2015. What if we are going through the same kind of thing, but this time instead of 2 spaced out pumps its just one bigger pump right smack in the middle. In that case we would go back and revisit the 3000's one last time before the march to 100k starts for real for real later this year.

I think 4800-5500 would be more likely but just food for thought. Would like to be wrong and hit 100k next month but you guys gotta pamp it a lot harder for that to happen.

On mobile so apologies for the low resolution but chart for comparison here. From this height not a lot has changed in the past few days, although appreciate it feels different for you guys on the front lines and in the foxholes.  There are no atheists in foxholes.

[El duderino_]

^
So we living in tha HM future

"May 2020 it is" hope to keep on this schedule and don't fall into the original

[VB1001]

- Data last day of May.

- We closed the month with the price of 1 Bitcoin at $ 8,500

- Four consecutive months closing in green, BTCullish

[Hasmizara]

This day first time buy some bitcoin i don't have large Idea Bitcoin, my dream now hold Bitcoin next 2year.
i hope better for me anyone give me any advise?

[HairyMaclairy]

One important technical difference between now and 2015 is that the 200 Weekly MA is curving upwards in 2019. It was flat at this time in 2015.  

So yes we are living in the future.

[El duderino_]

This day first time buy some bitcoin i don't have large Idea Bitcoin, my dream now hold Bitcoin next 2year.
i hope better for me anyone give me any advise me?

Advise = your doing good by buying BTC and hodl 2 years, you would do much better with buying now and buy each month a % of what you intend to save ad whatever price, just fix date NO MATTER WHAT and hodl longer as 2 years....

Send TY later in this thread.

[El duderino_]

HODLsleep, morning will be F***ing early!

Goodnight Observers of the Wall...

[ssmc2]

One important technical difference between now and 2015 is that the 200 Weekly MA is curving upwards in 2019. It was flat at this time in 2015.  

So yes we are living in the future.

12k within 2 weeks 

[El duderino_]

I want beer but I spent a lot on coin this week.

Go for


^
karlsquell a whole bunch for a Buck



^
Meanwhile Vegeta back on training and healing from its wounds

Yeah I know HODLsleep, me out !!!!!!

[Last of the V8s]

https://bitcoinmagazine.com/articles/north-korean-hackers-attack-upbit-users-south-korea/
https://www.fxstreet.com/cryptocurrencies/news/fbi-north-korea-triggers-crypto-attacks-to-retaliate-us-sanctions-201905312255

“There is a huge effort in the FBI, and also several other entities across government, looking at ways to stop malicious activity(surrounding) cryptocurrency… “It’s relatively a new thing, and it comes with a variety of issues that we need to learn more about and figure out so we can stop malicious behavior related to cryptocurrency and currency going to places where it should not or it’s not supposed to.”

glhf

[HairyMaclairy]

https://www.crypto-news.in/explainer/bitcoin-explainer/paul-le-roux-yet-another-satoshi-candidate/

"There are users on online cryptocurrency forums and message boards who theorise, Craig Wright may have been involved with Paul Le Roux from the day he started working on Bitcoin project. Wright became a snitch to US government leading to arrest of Paul Le Roux and used his friendship with Dave Kleiman to steal a hard disk of Le Roux which contains more than one million bitcoins which he has been using as basis to support his claims behind the identity of Satoshi Nakamoto.
...
There was also an anonymous user who theorised that Craig Wright’s hard dish with one million Bitcoin is actually hard disk stolen from Le Roux which was encrypted using his True Crypto software preventing Wright from accessing the bitcoins stored inside. The user also suggested that Calvin Ayre’s mining warehouse is just a front to hide true function of massive data centers which Calvin and Wright have so far been using to attempt decryption of true crypt volumes to plunder the bitcoins but have met with little success. "

Intriguing...

Assuming the above is true, they won't have much success, as TrueCrypt is a tough nut to crack. If Paul Le Roux has used it properly (i.e., using a cryptographically strong passphrase and/or nested encryption algorithms) it will take centuries for them to brute-force it open.

But... If Paul Le Roux was not very careful in choosing a strong passphrase, then there may be a good chance that they succeed. Craig Wright would then be able to sign as Nakamoto and would have the proof he needs. He could also dump those million BTC and cause havoc...

Le Roux isn’t Satoshi so interesting but ultimately not relevant.

[HairyMaclairy]

Bitfinex is looking to launch Tether on the Lightning Network.

https://www.theblockcrypto.com/2019/05/31/bitfinex-is-looking-to-launch-tether-on-the-lightning-network-by-the-end-of-the-year-and-an-exec-says-its-one-of-the-coolest-things-theyve-ever-done/

Tether on LN is pretty cool.

[HairyMaclairy]

This year looks way different from 2015, he could be right.

Pish posh

Let's face it, the market is way bigger and way smarter than in 2015. And we all know what the halving does to the price long term. Think about it.
Doesn't mean it won't continue going upwards after the halving, but $30-$40k next May makes sense to me.

ATH implies that it is the highest point followed by a crash.  A dip is expected (mandatory?) after the halvening spike but not a crash.

[Toxic2040]

Im too lazy rn to post HM's fractal charts but Im sure you all remember the 2 pumps past 300 in spring and summer of 2015. What if we are going through the same kind of thing, but this time instead of 2 spaced out pumps its just one bigger pump right smack in the middle. In that case we would go back and revisit the 3000's one last time before the march to 100k starts for real for real later this year.

I think 4800-5500 would be more likely but just food for thought. Would like to be wrong and hit 100k next month but you guys gotta pamp it a lot harder for that to happen.

On mobile so apologies for the low resolution but chart for comparison here. From this height not a lot has changed in the past few days, although appreciate it feels different for you guys on the front lines and in the foxholes.  There are no atheists in foxholes.

One important technical difference between now and 2015 is that the 200 Weekly MA is curving upwards in 2019. It was flat at this time in 2015. 

So yes we are living in the future.

Something different is happening and the solution is not going to be found looking at past metrics. Perhaps good for broad strokes and a rough shape...no more.

About the only comparison I would accept between 2015 and 2019 is both will have a top and a bottom.

I respect you Hairy but you have to admit we are seeing a new pattern forming and I would say it has to due with broader adoption and a more savvy market.

[BitcoinNewsMagazine]

I see lots of interesting forecasts but no one has posted Fibonacci extensions yet. Here is a chart of the extensions showing likely price levels when the last all time high is taken out:



During the last bull market price actually passed the 17.944 extension which this time is off the chart and would be $300,000. So next time someone asks you how high bitcoin price could go if the ATH is taken out you can say Fibonacci says $300K based on the last bull market.

[WinslowIII]

This year looks way different from 2015, he could be right.

Pish posh

Let's face it, the market is way bigger and way smarter than in 2015. And we all know what the halving does to the price long term. Think about it.
Doesn't mean it won't continue going upwards after the halving, but $30-$40k next May makes sense to me.

ATH implies that it is the highest point followed by a crash.  A dip is expected (mandatory?) after the halvening spike but not a crash.

I'm not sure we will have a crash this time around, but if we do I agree with you it sure as hell isn't going to happen next year, and sure isn't going to be coming off a measly $40k.

[jojo69]

this is fine