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
#irresponsiblylong is either intended to be funny, or it’s irresponsible in terms of trading discipline. #Irresponsiblylong introduces confusion by acknowledging a lack of investment discipline.
Any commentary that starts with feels like, should be immediately disregarded as opinion.
TA patterns are notoriously biased. They both exist and don't exist at the same time. In other words, they're often a byproduct of subjective interpretation. I've seen head and tops disappear and morph into continuation patterns that pattern a complete waste of time in hindsight. TA patterns must be confirmed by volume and numerous other conditions. They’re much harder to act upon than most be realize.
