Sunday, August 15, 2021

#Bitcoin Review $GBTC #BTC

Bitcoin Review

Those that view the message of the market on a 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 bag holders 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

Hi Eric

Good morning

I'd like to ask a question (unless you plan to comment to all) regarding the meaning of the DI drop on Bitcoin. I see it dropped 65% to -15% , does this mean the energy build has now dispersed?

The DI2 reading is still high and relatively unchanged 56% to 51% and participation is still very low.

If bitcoin were to break through the reversal levels, do we need to wait for another energy build on DI to form? in which case it could be a few weeks of sideways/down movement? Is this what the drop in DI concludes and it's not ready at the moment or what is your reading of this?

Thank you in advance.

Kind Regards Scott

The only plays are waiting for a profit-taking opportunity and/or Reset (R). Both could be weeks or months away.

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