I was just thinking..... I recently signed up for a Bitpay Visa Card. I got it the other day in the mail. It costs $9.95 to setup the card. There is also a Bitpay wallet app for your smartphone. The download is like any other. A few minutes to download, install, setup and you are done. It's actually pretty cool. You can download BTC from your other...
And that is why it probably won't. The Bulls that didn't get enough want the price lower so they can back up the truck and load up more Bitcoin. The Bears that got left behind at $3,200 want the price lower so they can say "I told you so" and finally get some Bitcoin at a decent price. Yep, EVERYBODY wants the price to go lower for their own greedy reasons. ...
Time for the Bitcoin Bear Slayer to go on a rampage! " www.youtube.com "
Good morning my fellow Bitcoinistas! I'm taking a long weekend and won't be back until next week so I thought I would post my current thoughts. As you know from my last post I think we are trying to complete a 5-3-5 Zig Zag to complete this complex correction. If true, waves 1 and 2 are complete. I've drawn what I believe to be two possibilities to finish the...
Somebody is lying......
Either you think we are in a new Bull Market and will continue to surf above the waves or you think we are going to enter into a new, or continued, Bear market and sink below the waves again. So stare at this chart for a minutes. Does this look like a better "Buying" or "Selling" opportunity to you? Good question....
Good morning my fellow Bitcoinistas! Yesterday sucked. We took a big hit. So what do I do when my hypothesis is wrong? I start developing a new hypothesis. I went back through my collection of Bitcoin information and reviewed the Stock to Flow model again. I wish I had paid more attention to it sooner. I could have put a few more Satoshi in my stack. To...
The SPXS which is a 3 x inverse ETF on the SPX looks to be making an "Island bottom reversal" which would indicate to me that the market is going to further shit the bed. I got long on the short ETF inside the island Example: "https://www.stockcharts.com/articles/mailbag/2010/09/what-is-an-island-reversal-kol-aapl.html"
It sure looks like it....
As long as Bitcoin remains on SALE I'm a buyer. But, notice to REAL Bitcoin short sellers: I will NOT be a seller anytime soon. We're taking over a year or more.... Find some other way to cover. My method is to Buy and Remove, Buy and Remove. I leave nothing on the Exchange. Good luck everybody. This might get ugly for awhile.
On the Grayscale Bitcoin Trust there is a very well defined "Adam and Eve Bottom" pattern. The last time I went long on this type of pattern Bitcoin was below $5K. Just sayin.......
I keep looking at this channel and asking myself "What has changed?" The answer keeps coming back "Nothing" I added a few more Satoshi to my Hodl position at the bottom of the channel. Other than that, nothing has changed for me. Still buying and removing, buying and removing. I leave very little on the Exchanges for obvious reasons. If ever they want me to...
I like this channel better. If this is wave 4 of 5 then hitting the 38 Fib around $9,125 before going higher would make sense.
It seems many have gone negative on Bitcoin with the recent plunge of the stock market. I've seen calls for $6K, $5K, Zero, etc. It happens EVERY TIME Bitcoin corrects. On this chart, however, I do see something a bit more positive. This is a 3 Days chart with a 30 bar moving average which is the equivalent of a Daily chart with a 90 day or 3 months moving...
This is a 3 day Coinbase chart going all the way back to 2015. As you can see the price is currently inside a multi-year triangle pattern. This looks like a continuation pattern to me. What is a continuation pattern? Glad you asked. It just means that the pattern will most likely resolve to "continue" the previously established trend. With Bitcoin the...
This triangle is should be self explanatory. If the price does not fall out of the bottom and continue south we should bounce off of the lower trend line and break North soon. (Within days) This is a 4 hour chart so we are not talking that long before the breakout. Maybe by Monday or Tuesday of next week? It doesn't matter exactly when, I'm still long and will...
I think it would actually be good to complete an ABC correction at this point. It would give all the indicators a chance to reset, fill the CME gap, and give us all a chance to back up the truck. :) You can see where the price broke and retested the yellow trend line and it would make since to continue down to either the 1.0 or 1.27 Fib. Of course Bitcoin does...
There is a lot going on in this daily chart. The price has bounced off the 140 day moving average (20 week MA) as well as put in a green engulfing bullish candle. If this is a 5 Wave move North wave 2 came down perfectly to bounce off the 78.6 Fib which is very common for wave 2. If all of this is indicating a bullish move the price could easily meet or exceed...