BitcoinBearSlayer

BitcoinBearSlayer Updated 

When my last chart pattern failed to follow-through as expected I decided to go back and hit the books to try to find out what is going on. Is this break out real? Is this it? Is this the big Head and Shoulders Northern run that EVERYBODY, GOD, AND HIS DOG have been talking about for the past month? Maybe. Maybe not..... While reading Investopedia I started...

BitcoinBearSlayer Updated 

I've backed out my chart view in order to get a fresh look at the BIGGER PICTURE. What I am currently seeing is a huge triangle that has head faked North and then broken south just short of the triangle apex. This would indicate to me a continued decline in price. Also pulling back to a larger view also confirms the 11,700 area to be key. 11,700 provided...

BitcoinBearSlayer Updated 

It was long coming but a new triangle pattern has emerged. If the last touch of the bottom purple line holds AND the top purple line gets violated North then yes, we should be off to the races. If, however, the white head and shoulders and the purple triangle fail and break south there will be a lot of weeping and gnashing of teeth... I put on a small long...

BitcoinBearSlayer

Over the past couple of months I have seen others, as well as myself, draw this downward channel in a variety of ways. Everything from Head and Shoulders, to Triangles, to Wedges, etc. etc. etc. With this last touch of the upper limit the picture, at least for me, seems to be more clear. There is very definitely a well defined downward channel holding the BTC...

BitcoinBearSlayer Updated 

Bitcoin appears to be at a critical juncture. Up, Down, Sideways? Those are the questions. Many believe, or hope, Bitcoin is preparing for the next springboard up above the top of the resistance channel. (Top Pink Line) Of course from the beginning of this correction / decline this is the 3rd major attempt that has been rejected so far. All previous...