Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
Bitcoin, like a fish out of water heading for the edge of the dock, continues to flop around violently within a well-defined trend. The uptrend has most bulls promoting their positions. Tantalizing forecasts of 100K+ generates clicks and sell ads, but 24/7 promotion is not trading discipline. Not even close! Promoters won’t be able to recognize trouble when it comes, because emotion kills objectivity.
The bears, bloodied and battered, aren’t fairing much better. They keep growling about fraud and no intrinsic value. They’re not totally wrong, but constantly discussing fundamentals when trading accounts are imploding is unprofessional. Trading/investing is ALL about following the invisible hand.
The only chance you have, just in case the bulls and bears are both right - Bitcoin soars to 100k and is closed down as an illegal platform after governments issue their own, is following the invisible hand through the Evolution of the Trade. Bitcoin primary trend will “tire” and get old. Pros will begin selling, while the majority blindly follows the promoters.
Bitcoin continues generating higher highs in the face of calls for a top. Ignore the experts unless they’re quoting the invisible hand. As long as the invisible hand continues to accumulate the pullbacks and even the rallies, thus, holding DI & DI2 well above 0% and close to 60%, the odds favor continuation.
There it is again, the odds favor continuation of the uptrend. Social media largely kisses the asses of the crypto gurus seemingly for no other reason they have a crypto reference in the handles and they’ve accumulated impressive following. Many have called the top in Bitcoin. Price continues to climb above their target with each passing day. How high does price have to climb before their loyal followers question their process?
Will Bitcoin's recent fast shakeouts improve DI again? DI will be updated in the Matrix on Friday.
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Market-driven money flow, trend, and intermarket analysis is provided by an Access Key.