Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
The above represents a classic description of how price climbs the wall of worry.
Bitcoin Tracker ($GBTC)
The idea that Bitcoin remains an explosive setup is not derived by opinion or hardcore beliefs but rather the execution of investment discipline defined by the Evolution of the Trade (EOT).
The EOT defines "explosive" setups as a function of energy, cycles, and reversals. The expectation that price will jump the creek (breakout to the upside) must be setup by the following: A large bullish energy build before, during, or slightly after the breakout, price and time cycles below the norm (no price and time cycle extension), and price action that enters an air pocket, a region void of supply and demand zones.
Bitcoin's setup, like all assets, is a probability based. Many are worried, but the invisible hand doesn't care what we think or believe. Is the invisible hand buying or selling? We read that through probability based setups.
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