Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 4392. (Read 26711220 times)

Don’t be this guy.

I hope you are wrong too... but you often are not.  I also think we can both be right... painful, but possible we stay sideways as the pressure builds.  But that's what I am feeling major pressure building.

Well in the past few years, whenever the MSM would go big on talking positively about Bitcoin on live TV in order to raise awareness (e.g., Mike Novogratz being trotted out to wax love for Bitcoin, the Winklevii being interviewed about Bitcoin, an SNL comedy skit about Bitcoin, Ellen talking about Bitcoin on her talk show, Elon Musk on SNL talking about Bitcoin and Doge), it would be right before a massive bull trap incoming. That's always been part of the whale insider playbook. They just love to trap the n00bs.

THAT's why I'm always sus on that stuff.

Of course

1. I hope I'm wrong

-and -

2. Long term HODLers unaffected  

Bitcoin can fix this!

I feel nothing, TBH.

I'm pessimistic that we're going to be sideways for quite some time, again.

Hope I'm wrong.

Can you guys feel it?  This is the biggest one ever, I think I have felt. Like a panicky excitement.  



***JUST TO BE CLEAR***  Not saying we are going up right this moment... but I don't think the cork can stay in this for much longer.

Explanation

@BTC_Archive
💥BREAKING: Facebook now allows #Bitcoin  ads - reversing a previous ban.
https://twitter.com/btc_archive/status/1466364497707376645?s=21

@davidgokhstein
Keep selling #bitcoin  — Michael Saylor and the rest of the boys will keep buying it.
https://twitter.com/davidgokhshtein/status/1466376879808598017?s=21

@Britishhodl
I hope everyone's been accumulating as much #Bitcoin  as they can - things are about to get Bullish As Fuck.
https://twitter.com/britishhodl/status/1466049469661782025?s=21

@DonCryptoDraper
https://twitter.com/doncryptodraper/status/1466117389628628992?s=21

you have a feeling in your prostate gland?

Explanation

What angered me in the Cøbra case is that CSW was able to take down the White Paper in the UK site. This is a symbolic move that says "I can do things, I can mess you up". This shouldn't have happened. It sets a precedent. It shouldn't have been possible for it to happen. But it did.

I know the Kleiman case is different, but it only takes a wrongly chosen "expert", or an expert on paper but an incompetent degree holder in reality, coupled with a selfish and incompetent judge who has an inner bias against Bitcoin, to throw things the wrong way and result in a ruling that will open Pandora's box and arm CSW with legal weapons to feed his megalomania and cause chaos.

Of course, things can go the other way too, and CSW can be crushed by a clever judge and a well-prepared legal team. I hope this happens and the cancer that is CSW is eradicated for good.

I don’t know why, there is no TA …

But somewhere in my lower half of my carrying weight I got this feeling which says

Weekendpump on its way….

Only men got this lower hanging weight on one side…

Explanation

Quick overview of price action; on the 4hr, the bears remain in control by creating lower highs as well as trapping bulls at higher prices:



On one short-term view of the Daily chart, there is a a key support trend-line that price will need to bounce from to remain bullish in the short-term:



Zooming out a bit further on the same time-frame and it becomes clear we are at key accumulation/distribution level from the past 9 months of trading:



While this week's candle turns bearish, the short-term and mid-term MAs continue to rise in bullish fashion and formation, highlighting the next level of support:



The 21 MA, that price previously found support from at $40K, is now at $51K and continues to rise, while the 50 Week MA is at $47K. Breaking the support trend-line on the Daily and making new local lows would likely lead to a further correction to $49-51K level. While the shorter time-frames remain bearish, the mid-term (Daily) remains relatively neutral and longer-term (Weekly) remains fully bullish above all it's MAs.

Given the amount of fear and uncertainty in the market based on the shorter-term price action, I wouldn't be surprised to see price wick down to re-test $50K, similar how to $40K was re-tested.

Justice, in technological manners, is mainly dependent on "experts" in the process. The expertise(s) is/are the foundation for judgements.
Like: Old judge nominates expert X to answer a set of questions that help the juridical process get to decisions.
In this case, questions like: "Can somebody prove to be owner of (below listed) blockchain adresses?", "If yes, what would be a valid proof?".
Next round, old judge will ask CSW if he can deliver a proof of ownership.
CSW will reply: "Yes, of course i can! Here's the proof..."
If the proof CSW delivers to the court and it's not in the form the expert considered to be valid, his ownership claim will get rejected.
In my country, he would then be able to plea against the judgement, the next higher court in the hierarchy would check the trial for correctness. If the revision court doesn't find any errors old judge made, CSW would be rejected, otherwise the trial will be rolled up again, following directions from the revision judge.
There's another escalation level, but that would be like a claim against the nation/law itself (...good luck with that).

EDIT: Of course, on of the main questions of the judge(s) would be if coins can be transferred without keys.

Cobra is a different story. He chose not to defend the case because of reasons, which is like granting CSW's wish (agreeing to his perspective of copyright ownership of the bitcoin whitepaper). IIRC this trial was about that. Claiming "stolen money" from somebody needs a little more solid proof of ownership. Also "mining coins together with mr. Kleiman" doesn't make him co-owner if there's no agreement. Kleiman's "supercomputer" did the work, and even if CSW "lost the keys" (proof of ownership), the court can't decide in his favour if there's no other way to prove ownership. We already know the odds

But if you're stupid, fuck-u-rich or even both, you wanna likely throw a small amount of your wealth at lawyers and courts without giving a fuck.
CSW also profits from being in the news, "making himself a name".

Explanation

Explanation

Explanation

There is also one nice edit that could be put up to the same :

First case : Government creating FUD like ban and all other stuff and people panic sold their coins 

Second case: Government holding btc by investing at the dips themselves and later on enjoy the profit

Will take some time to edit the same.