Wednesday, January 13, 2021

#Bitcoin Review $GBTC #BTC

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

Self (ego) is the enemy of the trader and investor. Some display it as if it were a badge of honor. Be careful, it can be transferred from others. Walk away as fast as you read it, and follow your own trading discipline. We use the Evolution of the Trade.

I can give numerous reasons entry into Bitcoin right here is dangerous. The daily trend is extended in both price and time. The daily trend oscillator is also falling fast. Other reasons include the reversals located in the Matrix. There's a strong resistance band from 39.5 to 44 (see chart below). High volume reversals need energy and/or volume to clear.

We need to see yesterday's energy build to better understand what the invisible hand was doing into the decline.

Daily Reversals taken from the Matrix

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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.