BitcoinBearSlayer

BitcoinBearSlayer Updated 

If this pattern is valid the minimum target is about $10,730. Of course if we hit that target what's next? Moon? lol Had to say it. :0) Still long....

BitcoinBearSlayer Updated 

It's been a long time but it looks like this major correction is finally coming to an end. The last wave of the WXY needs 5 sub-waves to complete. We either have already completed the fifth or we could continue down to the 1.27 Fib extension around $7,125. I would say that would be the max. We could even creep up to about $8,900 or so before falling back down...

BitcoinBearSlayer Updated 

In my previous post I mentioned that I was again studying the "Stock to Flow" model for pricing Bitcoin. This model does not track averages, chart patterns, Fib levels, support / resistance, nothing of the sort. The model just looks at how many Bitcoin have been mined to date and how many will be mined in the future. Add some math to the current stock of coins...

BitcoinBearSlayer Updated 

Yep.

BitcoinBearSlayer Updated 

Was this a huge Bull Flag developing all along? I guess we'll know soon enough....

BitcoinBearSlayer Updated 

Can we STFU about it now? And yes, I had to pick up a little more at these prices. BBS out.

BitcoinBearSlayer Updated 

Good morning my fellow Bitcoinistas! Today I want to take a quick look at something called the "Mayer Multiple". It is simply a multiple of the 200 day moving average. This guy named Mayer noticed that when Bitcoin was under 2.4 of the multiple Bitcoin was a good buy. Well, we are currently at 1.18 On my chart the purple average is a study I made that is 1.1...

BitcoinBearSlayer Updated 

For my future reference.

BitcoinBearSlayer Updated 

Even with the most recent dip, maybe even more so, the idea of a 5 Wave move North still works. The Fibs still line up as one might expect.

BitcoinBearSlayer Updated 

It's time for me to go poke some Bears in the ass.... Prepare to defend yourselves you filthy animals! Arrrrrrrghhhhh!!!!!!!!

BitcoinBearSlayer Updated 

Everybody keeps saying that Bitcoin is forming a bearish triangle. I don't know, it looks pretty bullish to me.....

BitcoinBearSlayer Updated 

Good morning my fellow Bitcoinistas! Here is a current look at my overall work throughout this correction\consolidation. Many say we are going lower. Many say Bitcoin has topped out. Many say it's over. I say "Damn the torpedoes, full speed ahead!" I believe we have just completed Wave 1 of the first 5 Wave move North. We are currently working on the...

BitcoinBearSlayer

Even if Bitcoin did nothing more than slink along its multi-year trend-line it would be well over $25K by this time next year. Forget BAKKT, forget the halving, forget everything. If Bitcoin just follows its long-term trend that is what you would get. From $10.5K right now to $25.5K in about a year. That's not bad for one year. And that is just if it...

BitcoinBearSlayer Updated 

I just want to see if this count is even remotely close considering there is very little to go by at this point.... Good luck out there.

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! I hope you enjoyed your long weekend for those of you that had one. I certainly did. :0) I'm going to go out on a limb here and suggest that the main correction is over. That's right, over. Unless this "Double Three" correction were to turn into a "Triple Three" correction which means we would need to tack on another X Wave...

BitcoinBearSlayer Updated 

I hate corrections. I've tried to make that triangle work every way I know how and it just doesn't fit. I've gone back to looking at a 5-3-5 Zig Zag as the final move for this Double Three correction. Wave 1 and 2 are now obvious. When I put the Fibs on Wave 2 (not shown) it was a perfect fit. That now means we are in Wave 3 down. Where does it end exactly? ...

BitcoinBearSlayer Updated 

Well the last bullish looking triangle broke bearish so maybe this bearish looking triangle will break bullish. If not, I think $8,500 is on the menu. At this point I wouldn't mind seeing $8,500 so people will STFU about the fake CME paper market gap.

BitcoinBearSlayer Updated 

If I had not been a Gold Bug looking for sound money years ago I probably never would have bought into Bitcoin when I did. Once you know what real money is, you know how to recognize it when you see it. It's also why I continue to buy the metals as well as the cryptos and the metal derivatives with the cash I can't get out the market without penalty. Gold,...