Bonavest

Bonavest

The timing was down right perfect for this break out of our sideways... would have preferred it go DOWN, but either way we are seeing a small attempt at some upside which should last a day and a half or less depending on the strength of the Bulls. Revised the Time Ranges and some directional arrows for price movements. I am still holding a SHORT position through...

Bonavest

Based on other Active TV 'chart-ee-sts' that follow the Elliot Waves, I follow the belief we are headed for another leg down to the $200-$220 levels. Timing for this move are outlined above using Moving Averages behavior and Fib Time Lines. *NOTE: Ignore the BLUE UP arrow at the bottom of the chart. ;)

Bonavest

Based on my charts and viewing others on TV I believe we will see a run almost up to the last high of $300. I am giving this move about 12-14 days to complete and then we will see another opportunity to SHORT and go further down than the previous lows in the $230s. The often talked about $220 level could be aimed at.

Bonavest

Based on MtGox Daily Price in Logarithmic format... It shows a pattern of price spikes spaced out evenly every 7 and a half months. Will this pattern repeat this Summer? If so, this is where I think we will be.

Bonavest

Well if this holds true we should move in this direction. If we drop below the 0.25 support line on the Fib Fan it will be a large, fast drop.

Bonavest

So the ALTs don't afford as much hedge from big falls as they once did. Pretty much fell at the same rate as BTC.

Bonavest

This is what I will be looking for in the future to know I need to swap back to BTC once it increases rapidly and crosses the other ALT coins.

Bonavest

This shows that due to the fast increase of BTC price that the ALT are lagging behind. If BTC slows down and goes sideways, the ALTs should run up to match.

Bonavest

This is a chart showing how I chose to buy in on some ALT coins for a good 5% profit yesterday. Be sure to follow me on Twitter @Bonavest so you can be alerted when I see more action like this.

Bonavest

Just testing...