noble1ones

noble1ones

Based on TIME it's another confirmation, Bitcoin is in a New Bull Market Primary Trend! This is an important week due to an all time new year high occurring on the 16th week since the trend reversed on November 21 2022! Quote Based on the Dow Theory: "Secondary trend: The secondary, or intermediate, trend represents the corrective phase in the primary trend and...

noble1ones

How is that weekly death cross working for you bears??? OMG the sky is going to fall they said. Looks like their death cross was a DUD! And to think of the flack I got for asking where their proof was that it was a CONfirmed bearish Bitcoin TA indicator. They couldn't prove it! Then their story diverted to the Macro's doing poorly, LOL! Looks like the Bulls are...

noble1ones Updated 

A Downtrend line has been drawn down diagonally from Bitcoin's price peak in late November 2021. The Downtrend line was breached on January 20 2023 and a breakout of that downtrend occurred. Currently price appears to be correction the run that began on November 21 and ended in mid February 2023. Price is very near to testing the previous Bear Market Downtrend...

noble1ones Updated 

First leg down appears to be complete and terminated. Expecting a proregressive(upward) correction wave B to follow. In my humble opinion. All the best!

noble1ones Updated 

I took the liberty to post a potential bearish Bitcoin outcome in the short term. I noticed what appears to be an Inverted Exotic Dragon Pattern once again. If it plays out again, and reaches its potential target then it may set up the second point needed in order to draw out the neckline of a potential bearish Head & Shoulders Top in the making. If this pattern...

noble1ones

In the prior update I said: "The extreme bearish possibility is a hypothesis drawn with a red line to demonstrate a potential Head & Shoulders Top that may develop and have price retrace down to approximately $17,500ish." So far price action has followed the red line quite closely and is in the proximity of the price zone where it has been hypothesized to...

noble1ones Updated 

First corrective leg down complete. In my humble opinion. That's it, nothing more & nothing less...........

noble1ones Updated 

This pattern could potentially act as a pullback/retracement structure that would correct/retrace the first leg in the prior decline. Keep in mind that the tail can retrace by as much as 162% . All the best!

noble1ones

Feb 26 On February 1st 2023 I posted this idea: Bitcoin Primary Trend = BULLISH & It's Official! I said; "The weekly time frame demonstrates that Bitcoin's price broke through and closed ABOVE the prior downtrend's trendline! In my book that make's it official that the prior primary correction has terminated. Bitcoin's history agrees with my assessment. That's...

noble1ones Updated 

On February 1st 2023 I posted this idea: Bitcoin Primary Trend = BULLISH & It's Official! I said; "The weekly time frame demonstrates that Bitcoin's price broke through and closed ABOVE the prior downtrend's trendline! In my book that make's it official that the prior primary correction has terminated. Bitcoin's history agrees with my assessment. That's not to...

noble1ones

I thought I would add this other potential bearish scenario for entertainment purposes. Perhaps the hypothetical previous Head & Shoulders top has materialized with an upward slant to the right. Perhaps this recent large range downward move breached the slanted BEARISH pattern's neckline. Perhaps this is the current pattern since the current candle arrived in...

noble1ones

In the previous update I stated on February 24: "Inverted Exotic Dragon Pattern SHORT entry point has been confirmed. 2B Top reversal short entry trigger confirmed as well. Both these target points coincide with a potential trough for a left shoulder formation to commence. In my humble opinion The extreme bearish possibility is a hypothesis drawn with a red...

noble1ones

Either the first leg is complete in the predicted proregressive(upward) correction and another leg will materialize OR the whole proregressive correction is complete .Preference would be that the first leg complete and another will follow. A potential measured move would bring Bitcoin's proregressive pullback retracement closer to the 62% pivot. In my humble...

noble1ones

UPDATE: Inverted Exotic Dragon Pattern SHORT entry point has been confirmed. 2B Top reversal short entry trigger confirmed as well. Both these target points coincide with a potential trough for a left shoulder formation to commence. In my humble opinion The extreme bearish possibility is a hypothesis drawn with a red line to demonstrate a potential Head &...

noble1ones

OMG ! Yes Indeed this is a HUGE one. It appears to work with my prior bearish potential idea. Same approximate potential price retracement zone. Everything has been marked on the chart in regards to this pattern. 2B Top(a little extra spice) dotted line potential short entry point on the daily if price comes and closes beneath the Bar/Candlestick low. Diagonal...

noble1ones

In part one I had said: Quote: "I decided to mark Bitcoin's trend as a secular trend since its inception due to it maintaining a static trajectory regardless of short term economic conditions/trends having a minimal impact on its long term performance, until proven otherwise." Well, now it has been proven.............. Quote: "The US Federal Reserve Bank of New...

noble1ones

As the headline suggests, it's exactly how it appears to be. Nothing more & nothing less.......

noble1ones Updated 

Potential target price is in proximity of the circle with the sweet spot being at the dotted horizonal line.