BitcoinBearSlayer

BitcoinBearSlayer

Hello my fellow Bitcoinistas! What a ride so far! If this bull flag breaks North I would expect a target of at least $20,250. Of course everybody is calling for a pullback and we may in fact get one eventually. But as long as everybody is calling for one, it may not happen for quite some time. :0) Bitcoin never does what everybody expects it to. I'm still...

BitcoinBearSlayer Updated 

According to this triangle breakout there is a very good possibility of pushing $19K+ Maybe even hit the ATH again. Still long...... BBS Out.

BitcoinBearSlayer Updated 

If this plays out it doesn't need any explanation. Still long...... BBS out.

BitcoinBearSlayer Updated 

When I lose track of what is going on and my chart gets blown up my fall back position is to climb to 10,000 feet and take another look down. It would appear that the market and (it's participants) are hell bent on getting back down to around $8,500 for whatever reason. Maybe it's because of the CME gap? Maybe it's because of the Stock to Flow ratio? Maybe...

BitcoinBearSlayer Updated 

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...

BitcoinBearSlayer Updated 

The whales are getting creative with their nonsense. They must have grown tired of the Bart Simpson pattern

BitcoinBearSlayer Updated 

If you have not seen this video it is definitely a must watch. Kevin O'Leary was recently seen on TV talking down Bitcoin acting like he didn't understand the concept or why people would buy it. Now a video has surfaced from 2013 of him acting as a Bitcoin Subject Matter Expert and explaining how great it is and how he might put 2 or 3% of his portfolio into...

BitcoinBearSlayer Updated 

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. ...

BitcoinBearSlayer Updated 

Time for the Bitcoin Bear Slayer to go on a rampage! " www.youtube.com "

BitcoinBearSlayer Updated 

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...

BitcoinBearSlayer Updated 

Somebody is lying......

BitcoinBearSlayer Updated 

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....

BitcoinBearSlayer Updated 

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...

BitcoinBearSlayer Updated 

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"

BitcoinBearSlayer Updated 

It sure looks like it....

BitcoinBearSlayer Updated 

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.

BitcoinBearSlayer Updated 

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.......

BitcoinBearSlayer Updated 

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...