Wednesday, March 24, 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

Bitcoin, like every other market, trains its undisciplined followers to "chase their tails". Chasing one's tail is a reference to a general lack of investment discipline. We use the Evolution of the Trade. Traders/investors can survive weak or nonexistent trading discpline only so long.

Bitcoin is bouncing around a lot, and I have no doubt, traders are trying to scalp points within the daily trading range. Scalping between the goal post is extremely hard to maintain consistency and profits, but millions do it.

Bitcoin is likely reacting to the dollar's strength. The dollar strength is finally being recognized by the same clowns that called it dead only weeks ago. Where Bitcoin goes from here depends on the composite trend, cycles, and energy. If yesterday's weakness pushes DI higher on Friday, the bulls will be ready to pounce on another RESET, if one materializes.

Bitcoin Daily

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