Bonavest

Bonavest

I feel this area has several technical factors making it a great price level (not just within the circle) for the bounce to the Banana Zone. This area has a long term trend bottom from SEP 2024, the yearly Pivot Level (gray + line), the 55 SMA (cyan line) and a good price just above the previous top we ranged in for 8-9 months last year. Definitely a great place...

Bonavest Updated 

1H Chart shows 21 EMA crossing 55 SMA while recent signal was a Gray Sell signal any movement past it to the upside would be bullish.

Bonavest Updated 

Following along from the last supercycle there will be a couple more ~30% pullbacks ahead before making a run at the next All Time High at near $250,000. This falls just past the Top Trend Line that has held for the last 2 ATHs in 2013 and 2017.

Bonavest Updated 

Looking for the Ascending Wedge to play out as a bearish signal before seeing more ATH gains.

Bonavest

Looks like we are leveling off in a range and could see a bump up before any bigger moves in either direction. Top of range would be around the $9200 mark, in line with a previous trendline support.

Bonavest Updated 

Revisiting my long term outlook on Bitcoin, I have advanced us forward in the time line. Even though I believe the chart shows us much higher up than previously thought and also giving me reason to give validity to "The Halvening is already priced in." ... I am convinced this just shows how epic and parabolic the next Bull Run will be for Bitcoin. *** Don't...

Bonavest Updated 

Just posting a trade idea. This is a play on filling the CME gap.

Bonavest Updated 

Getting close to a bottom. This particular signal may not be the one to turn things around, however it should provide a nice quick bump up.

Bonavest Updated 

After seeing us bottom out at the -80% from the last ATH around $3,200 it has been a surprisingly straight up launch. I had expected more of an up and down roller coaster ride, but "this time it's different"... sorta. We didn't range sideways like we did before, but I think we will still repeat the typical parabolic moves with -30% pull backs on the way up. Where...

Bonavest

I think the free fall is over and we are now going to be riding a roller coaster until Winter 2019. As we look at the charts and compare we see many similarities and various price levels reached. GOOD Indicators of Repeating History 55 and 200 Day SMA crossing over to the downside $6650 is the high Support and Resistance line (Red Box) $3800 is the low...

Bonavest Updated 

Comparing the previous ATH in 2013/14 to now on the Weekly chart... There are some similarities in the up/down patterns, but we seem a bit higher at the moment without the big death drop and long recovery. So does this mean we are progressing and don't need such a long recovery period or does it mean we are going to see some near term jumps UP followed by...

Bonavest Updated 

TLDR: We should see a continuation of the bear trend leading to THE bottom here in 2018 where the steaks will be set to the fire followed by some large ranging during the summer where we get those sirloins nice and ready. Looking at the 2014 Fractal, I believe we are at the #1 marker around November 2014. We may not see such a huge spike up in price like before,...

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There is a decision point (cyan vertical box) coming up around April 4th that I believe will determine our near term direction. Prior to that event I believe we will see some more down action leading to the $7530 price level (yellow box) based on Trend-based Fib Extension 0.618. From that point there should be a bounce that will send us aimed at the 55 SMA....

Bonavest

This is a quick published idea for the next 24 hour period. Nothing fancy just want to get something published an on record.

Bonavest Updated 

Here is a comparison to the previous drop to $6,000 and looking at the hourly price action and oscillators we can see some good similarities. A double bottom isn't out of the question, but neither is going lower to the previous ATH -2.70% below $5,000 as well as some good support levels at around $7,500. This is a falling knife... if you go SHORT just let it...

Bonavest

This probably won't be a fast drop at all. More like falling down the stairs... We might pause a couple of times thinking we have stopped, only to continue to snowball down. The FUD with Binance helped exacerbate what was already on the charts and forced this down action today. Looking at fractals from 2014 it is hard to decide if the #1 and #2 are matching up or...

Bonavest Updated 

This is based purely on the fact that the SuperTrend has flipped just like it did in 2014. Be wary today and tomorrow for a major reversal...

Bonavest Updated 

i don't normally use the 3D chart time frame, but it was mentioned in Whalepool as a timeframe that Sh0t used when he called the $6,000 bottom using the Ichimoku cloud support. So looking at the upside potential with the 3D cloud as the support we are looking pretty good to hit $15,200 which has several indicators converging on that price. I tend to believe we...