BitcoinBearSlayer

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas, No fancy Sunday chart today. I want to put out something that may be more important. IMO buying bitcoin right now may be your best bet move going forward. Why? 1. The long term yield curves have inverted, AGAIN. Last time 2008 right before the last financial crisis. They pay more short term than long term. Think about it. 2 ...

BitcoinBearSlayer Updated 

My core position is still long, but the remaining part of my account is in cash. So long as Bitcoin will not make up its mind, neither will I.

BitcoinBearSlayer Updated 

Is this channel valid and is this a bull trap inside it? Only time will tell.... $10,600 has got to hold to keep this run up valid and we have to break out of the channel and stay out. I still have my base long position and a pile of cash. Just waiting for the right opportunity to add to my longs.

BitcoinBearSlayer Updated 

Just a quick observation. It may be possible for the correction to end sooner than expected. Another perfect opportunity is on July 5th right after the July 4th Holiday to not only fill the CME Gap but also bounce off another closely watched trendline. See target area. So, to upgrade my weekly update it is very possible for this correction to finish as soon as...

BitcoinBearSlayer

"Ladies and Gentlemen, somebody on board forgot to pack their moon boots. We've been asked to return to the launch pad to retrieve them. Your continued patience is appreciated. Please extinguish all smoking materials and return your tray tables to the stowed positions for reentry. Thank you" If you read my weekly update you already know I am calling for lower...

BitcoinBearSlayer Updated 

Good morning my fellow Bitcoinistas! I know the weekly close is over 12 hours away but I wanted to go ahead and put out my weekly update so you have the information in advance. I'm going to try to keep this short, to the point, and just hit the high spots. I will add a link to last week's update for anybody not following my work that wants to see the previous...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! Not much time, just a quick update on what I've been up to. I took this opportunity to raise some more cash for the next dip if we get one. If we don't, and the price runs North non-stop, I will walk away and let the rest of my Long position ride. See the circle for my exit. Right under the .618 fib and the mid-line of the...

BitcoinBearSlayer Updated 

I'll get right to it. What's next? We are all looking for "The Turn" right? Well here is what I am looking at so far. We have a clearly defined channel from the bottom with an accurate center line (white). The price has been playing off the top, middle, and bottom of this channel. We also have, what I believe, is the completing of a minor Wave 5 (orange) of a...

BitcoinBearSlayer Updated 

Good morning my fellow Bitcoinistas! The 30 minute chart for Bitcoin is in a descending triangle. A break either way is entirely possible. I know right? Not much help. Often thought of as bearish, but also has some bullish potential depending on the market. With Bitcoin who knows? Stay frosty! For more info see: thepatternsite.com/dt.html

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! For those of you who follow my work you know that I have been long for a very long time. All the way from the bottom around $3200 and have added longs to my position at strategic points on the way up. Occasionally I have scalped a few bucks here and there but mainly remained long. I am 100% long at the moment after scalping a few...

BitcoinBearSlayer Updated 

If you forced me to do an Elliot Wave count I think it might look something like this on the weekly chart. I still don't think we are going to get the crazy 30-40% pullback the bears are calling for right now but maybe we will see a decent retrace when the ABC correction follows the blue wave 5. Does that mean I'm going to sell out? Nope! It just means I might...

BitcoinBearSlayer Updated 

If it breaks North with conviction you know what is going to happen and if it breaks South with conviction you know what is going to happen. How you play it is up to you. Good luck!

BitcoinBearSlayer Updated 

We are out of the triangle but this line seems to be the line in the sand right now.....

BitcoinBearSlayer

That's right, after 10 years of selling Bitcoin the Initial Coin Offering ( ICO ) is almost complete. You have had a little over 10 years to hodle together a long position before worldwide adoption and usage. From the days of buying fractions of Bitcoin off eBay to buying pizza with BTC, to multiple Bitcoin Exchanges worldwide, to Futures markets, to Mega-Corp...

BitcoinBearSlayer Updated 

Hello my fellow Bitcoinistas! The week was a heck of a ride was it not? I know we still have a couple hours to go before this week's candle official closes but I'm going to go ahead and call this a green week. lol. For those of you following my work you already know this chart pretty good. For those that don't you will notice that after the previous breakout...

BitcoinBearSlayer Updated 

That's what this chart says anyway..... From the bottom of the flag pole, (start of the move) to the top of the triangle (end of the move) is over $1,000 New target is the top of the triangle breakout plus $1,000 That makes $12K the new target. If you agree, smash that like button!

BitcoinBearSlayer Updated 

If I am reading this correctly this is the first time since $3,200 that the Bitcoin Shorts chart is actually going in the OPPOSITE direction as the price of Bitcoin. It did not start doing this until AFTER breaking $10K. Before $10K, the short positions would increase as the price of Bitcoin increased. It has been doing this since about $3,200. Anybody...

BitcoinBearSlayer Updated 

Good morning my fellow Bitcoinistas! I have something to say that I think is important and may be helpful to the young people and new traders on this platform. For all you crusty old life-long "traders" this probably won't mean squat to you. I'm sure you've seen it all before so please disregard. But many of you new people are here to trade crypto right? ...