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Bitcoinbearslayer

Bitcoin bottom is near IMOEvery time the 20 week SMA (Yellow Line) crossed down over the 100 week SMA (Red Line) it marketed the Bitcoin bottom within a few days. These two averages just crossed so the bottom is either in, or will be in be in soon. Also, Bitcoin has never closed a weekly candle below the 207 week SMA (Orange Line). Lastly everybody is screaming for much lower prices and as we know Bitcoin rarely does what everybody wants. I'm still adding to may Bitcoin bags below $21K as this seems to be a historical area to do so. Good luck! BBS Out.
INDEX:BTCUSDLong
by BitcoinBearSlayer
Bitcoin - December 2022 ATHHello my fellow Bitcoinistas! This is a 1 month view of the Bitcoin BLX chart. If you take the vertical lines of the known halving dates they form the left hand side of a right triangle indicated in orange. The bottom of the triangles is the long-term trendline and the top of each triangle is the ATH of the previous Bitcoin cycle. If you project this information forward you can see the probable new ATH will happen around December 2022 and the next ATH is based on the top of the new triangle formed at the next halving. It may be a little confusing at first, but if you study this chart for a few minutes I think you can figure out what I mean. Obviously any movement of the lower trendline and unknow ATH can change the dimensions of the future looking triangle. But what is known for a fact is the prior and future halving dates as well as the previous cycle all time highs. I hope this chart finds you well, and good luck with your Bitcoin stacking / trading... BBS Out!
BNC:BLXLong
by BitcoinBearSlayer
6
Bitcoin - Highly UnlikelyHello my fellow Bitcoinistas! This is a 3 week view of the Bitcoin BLX chart. If you study the blue trendline along with the support and resistance lines you can draw a few conclusions: 1. It is highly unlikely the Bitcoin price will drop below the green support line at $28,915. 2. It is highly unlikely the Bitcoin price will drop below the green support line at $28,915 to touch the rising blue trendline. (This has never happened before.) 3. It is highly unlikely the Bitcoin price will touch the rising blue trendline again until the end of May - first weeks of June 2022. (see chart -it might not even then) 4. It is highly unlikely the Bitcoin price will touch the red all time high line at $19,764 ever again. (Past cycle highs were never touched again.) 5. It is highly unlikely that I will be selling any of my Bitcoin any time soon if ever. (Did you know that Canada just froze the bank accounts of those protesting tyranny? The Bitcoin community had to send BTC directly to the truckers to help them.) I hope this chart finds you well. Stay safe and out of the grip of tyrants! BBS Out!
BNC:BLXLong
by BitcoinBearSlayer
4
Bitcoin Monthly View and 2022 Price TargetHello 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 previous cycle top. As you can see at the bottom of the chart the Monthly RSI is also directly correlated with the cycle tops and bottoms with 2 peeks each 4 year cycle. We still have 1 to go. I do not believe that $64K was the cycle top or that the price will drift down from here to the next cycle bottom and I do not believe that this cycle with lengthen for more than a few months if at all. What I do think is possible that might break this cycle in a positive way is that we get some kind of major event like Brazil and a few other countries announcing Bitcoin as legal tender or the USA offering a Bitcoin ETF etc. which breaks the traditional 4 year cycle and sends Bitcoin straight to the moon this cycle. ($200K-$300K) There is just too little Bitcoin available and too many new Hodlers to be able to keep prices suppressed with any kind of major spike in demand. At any rate, this chart is my latest estimate of where Bitcion may be going in the next few months assuming that all of my assumptions are correct. :0) I hope this gives you an alternate view of whatever charts you may be studying at the moment. BBS Out!
BNC:BLXLong
by BitcoinBearSlayer
6
Bitcoin - A weekly viewGood 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 great time to accumulate again. Of course if Bitcoin enters into a "Super Cycle" this go round then all bets are off. The next stop would be the moon. :0) So basically if this chart works long term then profits should be taken at the upper bounds and new accumulation should happen at the lower bounds. I hope this chart finds you well. Cheers! BBS Out.
BNC:BLXLong
by BitcoinBearSlayer