BitcoinBearSlayer

BitcoinBearSlayer Updated 

I just bought the dip under $54K - This channel looks pretty solid to me. We'll see..... BBS Out.

BitcoinBearSlayer Updated 

If correct, this pattern should break North. Still very very long..... Good luck!

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! Using the BLX Line Chart and a Monthly timeframe I am estimating that Bitcoin should hit somewhere between $150K-$200K with an ideal target of $180K this cycle top. This assumes that Bitcoin continues to follow the 4 year cycles with each cycle top approximately 4 years apart and the next cycle bottom approximately 1 year from the...

BitcoinBearSlayer

Good morning my fellow Bitcoinistas! I'm sharing my weekly chart to see how close the Bitcoin price follows the past 4 year trends. So far it looks very probable that Bitcoin will top out once touching the upper red average lines some time in early to mid 2022. If the trend continues the price should then bottom out about a year after this peek which would be a...

BitcoinBearSlayer Updated 

Could the short-term outlook still be Bullish? After a bit of consolidation inside this triangle it may very well be. Good luck. BBS Out!

BitcoinBearSlayer Updated 

But I could be wrong. What do you think? Good luck. BBS Out!

BitcoinBearSlayer

Whether you are still accumulating, just hodling, or swing trading. I think it is time to add a little more or open a new swing trade long position. $48K to 52K plus would be easy from here. Results, like opinions, may vary. Good luck!

BitcoinBearSlayer Updated 

If this inverted Head and Shoulders plays out as drawn we should break $60K very soon. If you feel risky you could go long at the bottom of the right shoulder with a stop a few dollars down and if you are more conservative you could go long at the break of $60K with a stop just under your entry. (or whatever are your stop tolerances) The first profit target...

BitcoinBearSlayer

Here is a 3 Day Channel that goes all the way back to 2018. If we break out of the top of the channel like in 2018 I will hold until a top forms and then sell some before the next bear market. If we go to the bottom of the channel I will buy and then hold as we go to the top or out of the top of the channel again. If we break the bottom of the channel I will...

BitcoinBearSlayer Updated 

I'm just posting this weekly chart for future reference. I created a long term moving average channel that tracks very nicely the last bottom as well as the past tops. The idea would be to prepare to take profits between the upper red and white boundaries when volume has spiked indicating a top and to accumulate again between the lower green and white lines when...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! Well I did it. I created my first and only Bitcoin NFT on Rarible.com If you want to see my future prediction of where the Bitcoin price is headed then check out rarible.com :0)

BitcoinBearSlayer Updated 

Triangles are typically made of many 3 wave patterns. As you can see this ascending triangle is full of them. Ignore the ABC tool I used to draw the waves. You can say 123, ABC, whatever. The point is you know it's a valid triangle if it consists of multiple 3 wave moves. At any rate, if this is correct a break North would have a target of 60K minimum. Next...

BitcoinBearSlayer

Typically the ascending triangle breaks North. This one, however, was formed on a down trend so it could either be a continuation or a reversal. I'm betting reversal for now. If you like playing the breaks you could go long on the break of the top of the triangle with a stop just inside the triangle and do the exact opposite if it breaks out the bottom. Either...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! Nothing special today. Just sitting back watching my hodl stack grow! According to Metcalf's Law Bitcoin is WAY UNDERVALUED according to the size of the Bitcoin Network and the price is currently trying to catch up IMO. Some are talking $100K to $300K minimum by the end of the year and that is totally possible IMO. Supply is...

BitcoinBearSlayer Updated 

Every BTC purchase I have ever made and held since 2013, including all recent purchases over $40K are in profit. Just saying for any bears and naysayers out there that still say hodling doesn't work. BBS Out

BitcoinBearSlayer Updated 

It looks like there is an ascending triangle on the 4 hour chart. These are supposed to break North. We'll see..... Good Luck! BBS Out.

BitcoinBearSlayer

What's the point in posting a pattern AFTER it has already happened? Anybody can do that. I like to try to guess what may be playing out BEFORE it confirms. If this is correct, this little inverted Head and Shoulders may be the boost we need to get over $50K Still long.... BBS Out.

BitcoinBearSlayer

It appears that Bitcoin has formed another Bull Flag and is in the process of breaking out of it to the upside. Of course when confirmed with a higher price and higher volume there will be no doubt. I'm still long and added a few more Satoshi just under $30K, around $34.6 and my last buy around $44.5 Am I done? Probably not. Where else am I going to put my...