Thursday, October 3, 2019

#Bitcoin Review $GBTC

Bitcoin Review
Those that view the message of the market on daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bagholders of trend transitions.

Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.

Subscriber Comments

ALIGNMENT (Price & Volume)

Bitcoin's composite trend remains consolidation (Down, Up, Up). Despite growing fears that the end is near, only the short-term daily trend is aligned down. Bitcoin's primary trend, the last designation in the sequence, has been up for 6 months and produced -10% return. Neither the monthly BuS or BuST are extended. Like or not, the path of least resistance is up until the primary trend flips.

ENERGY (Diffusion Index)

Bitcoin energy profile is relatively neutral. The bulls are waiting for a DI spike to reverse the decline.

Participation (ProIndex)

Bitcoin's ProIndex has established a new low ahead of price. This negative divergence suggests professional selling and supports continuation of the decline until a bullish energy build materializes.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.