BitcoinBearSlayer

BitcoinBearSlayer

Every time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! This is a 1 month view of the Bitcoin BLX chart. If you take the vertical lines of the known halving dates they form the left hand side of a right triangle indicated in orange. The bottom of the triangles is the long-term trendline and the top of each triangle is the ATH of the previous Bitcoin cycle. If you project this...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! This is a 3 week view of the Bitcoin BLX chart. If you study the blue trendline along with the support and resistance lines you can draw a few conclusions: 1. It is highly unlikely the Bitcoin price will drop below the green support line at $28,915. 2. It is highly unlikely the Bitcoin price will drop below the green support line...

BitcoinBearSlayer

If this parallel channel and Elliot Wave count is correct on the monthly chart it looks like Bitcoin may have found its bottom around $25K. I'd really hate to see the price break lower as this seems like such a perfect setup to move higher soon. I continue to hold over $30K and DCA on any significant dips under $30K. I will continue to HODL Long from now until...

BitcoinBearSlayer

As part of my overall DCA program I have to buy this support. I know everybody is calling for much lower prices but I am compelled to add to this support. Sorry bears.....

BitcoinBearSlayer

On the daily line chart you can clearly see where Bitcoin found support and resistance over the past several months. We Bitcoin bounce and break North soon or continue down to lower support? Place your bets and take your chances folks. Good luck! BBS Out.

BitcoinBearSlayer

So long as Bitcoin stays above the bottom of the channel I think the Bull Market will remain in tact. This is the Coinbase 2 week chart. Just posting for later reference. Good luck! BBS Out.

BitcoinBearSlayer

If this channel holds we should see a bounce off the bottom around $43,500. Good Luck!

BitcoinBearSlayer Updated 

What is Litecoin up to? I picked up some Litecoin just in case this Cup and Handle pattern works out as expected. The top target is over $6,000. Right now you can get 100 Million Latoshi for about $100-$110 bucks. Sure, why not? I'll take a few. :0) BBS Out!

BitcoinBearSlayer Updated 

ADA has formed a perfect "Adam & Eve" bottoming pattern. If/when it breaks North it should be a nice run. Google Adam and Eve pattern for more detail if needed. Good luck!

BitcoinBearSlayer

Bitcoin has NEVER closed a weekly candle below the 207 Week Simple Moving Average. From here you can figure out "The worse case scenario" if you need one. Good luck! BBS Out.

BitcoinBearSlayer Updated 

I published this same chart months ago. It is one of my favorites to track. The similarity between 2013 and 2021 is encouraging for the bulls. The original chart is linked below. Enjoy! BBS Out!

BitcoinBearSlayer

Nothing else has worked lately but this triangle still looks promising on the daily. I've been continuing to buy the dip and HODL so my current DCA is now $8,427. I just don't have the resources to get it over $10K anytime soon. Maybe if the price touches the bottom of this triangle again before breaking out I'll have a few more bucks by then to throw at...

BitcoinBearSlayer

Hello my fellow Bitcoinistas! If correct, this is a very nice inverted head and shoulders with a northern target of at least $58,500. Not shown is also a nice cup and handle with about the same target. Unless the market makers are going to totally screw us all, I would say this is a good point to add to a long position or open a new one if you are still on the...

BitcoinBearSlayer

Bitcoin, the gift that keeps on giving! If all of these indicators work as expected, we should see weeks or months of bullish activity for Bitcoin. Merry Christmas everybody. BBS Out

BitcoinBearSlayer

If this weekly ascending triangle plays out it could take several weeks/months to complete. If it does, however, the upside will be tremendous from here. Over a $50K increase from our current $45K-$50K price range. BBS Out.

BitcoinBearSlayer

Major pullbacks suck, but so long as the daily closes stay over $40K you can see the Bullish trend can continue. Still long, and very grateful that I do not trade with leverage. My leverage is simply stacking more Satoshi than I had before which multiplies my gains when the price eventually moves up again. BBS out.

BitcoinBearSlayer

Is this a valid inverse Head and Shoulders? Maybe. If so, the breakout should be North. Will Bitcoin beat the new Moronic Virus Variant? Only time will tell..... BBS Out.