BitcoinBearSlayer

BitcoinBearSlayer Updated 

Something else to keep your eye on....

BitcoinBearSlayer Updated 

My wave points my not be exact hits, but I believe the overall concept is. We need to finish the C wave of this ABC before we move higher. The move up will then determine if price will finally break out of the top of this flag\channel or reverse again to continue the consolidation. This is going to take a while longer IMO.

BitcoinBearSlayer Updated 

If the bulls are not going to break higher than the 50% Fib right now, then something like this could play out next. Just posting this chart to see if it plays out.

BitcoinBearSlayer Updated 

If Bitcoin can break 11,080 with conviction we should be off to the races! Stay tuned..... BBS out.

BitcoinBearSlayer Updated 

Chart speaks for itself. If this 5 wave count is correct we should move higher soon. If we significantly exceed the 38 Fib to the downside then this is another ABC correction and prices are going lower. There is a Low risk long play off the 38 fib line IMO BBS out. P.S. Those following my posts had this count over 3 hours ago in a previous post so if this...

BitcoinBearSlayer Updated 

For those of you following my posts you know there was a lot of concern about the last major wave holding around $9K. Not only did it hold, it turned for wave 3 and a $1K plus jump. The question right now is did we just finish Wave 3 or was that the end of a Wave C ? If the prices turns here at the .23 Fib or more likely the .38 Fib and goes North again that is...

BitcoinBearSlayer

How fast does news travel today? The speed of light? How fast do Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take a viral YouTube video to spread around the world? No time at all. How long does it take for a black swan event to sweep through an already shaky financial system? Does 2008 come to mind? Now that...

BitcoinBearSlayer Updated 

We never actually touched the Fib extension yesterday. We got close, but didn't actually touch it just under $9K. Is this their attempt to rectify this problem and then continue higher? Nobody can say until we get there. I can say this with pretty good confidence, if we break $8.9K or so we are very likely to continue down to the next fib level around ($7.8K)...

BitcoinBearSlayer Updated 

A lot of technical damage has been done recently. RSI, MACD, broken trend lines, upper support levels, etc. indicating that the trend is changing short term. Further downside is certainly possible and may even be probable, however not without a correction to the correction. Nothing goes straight up or straight down forever. BTC is reaching a key point of...

BitcoinBearSlayer Updated 

I'm short on time but wanted to post what I am watching today. My buy orders are in place for the Fib levels noted. I still think we will come down to at least the first level before making any kind of significant run north again but could also come down to the second level as well. These are two price areas I think will be acted on heavily if they are...

BitcoinBearSlayer Updated 

We are obvious on the last leg down and my best estimates at this point is that we have 3 options. Option 1 - If this is a mild ABC correction the price will turn around $9,640 At this fib level we know the ABC is finished and we continue to move up. Option 2 - If this is a little deeper ABC correction the price will turn around $9,022 At this fib level we know...

BitcoinBearSlayer Updated 

I'm not convinced we will break $12K. This move looks corrective rather than impulsive. If I were long, which I am not, I'd make sure I have a stop to protect my profits. If this move fails and turns south the next target is around $10K or a bit lower. We won't know for sure until we get there... It's time to shit or get of the pot sort of speak.

BitcoinBearSlayer Updated 

Get ready for a decision. A long attempt off the bottom of the triangle with a tight stop may be worth the risk if this thing turns to go higher. If we fall out of the bottom of the triangle any kind of touch back to the bottom line would be a good short entry with a stop back inside the triangle. No matter how you play it, good luck and protect yourself.

BitcoinBearSlayer

whatever

BitcoinBearSlayer

I don't get paid for posting here so it really is a net loss for my time. In other words, there is no benefit for the time invested. I have no tip jar. I have no bullshit courses to sell. I have no YouTube Channel to monetize etc. So, 7 or 8 up votes out of 250+ views is just not a worthwhile endeavor. In other words, there absolutely no personal...

BitcoinBearSlayer Updated 

If this is another valid ABC correction that just finished instead of Wave 1,2, and the start of Wave 3 then we should see better prices going forward IMO. Still long my core position but took my trading profits around the top of what may be the completion of Wave C. Of course this is just one person's opinion. Many are still calling for $14K or higher right...

BitcoinBearSlayer Updated 

I still have my core long position, but went ahead and took my trading profit at the 78.6 Fib. Can we go higher? Of course. But we can also pullback at any time. It's hard to say exactly which will happen first so I went ahead and put the money in my pocket. Like they say; "Nobody ever went broke taking a profit" No matter how you play it, good luck!

BitcoinBearSlayer Updated 

That is the question.... I have already taken my trading money off the table. I'd rather go long again after the break out is confirmed than get stuck in a Bull Trap. We'll see.