Tuesday, October 19, 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

Bitcoin GBTC

We make no attempt to forecast Bitcoin or any other market. If it jumps the creek, clears well-defined weekly reversal zones, new geometric price targets will be generated. The Bitcoin Report talks about this (and more) in great detail.

One thing is for certain, bag holder are going to be created in Bitcoin. I can only thing of Gordon Lightfoot's lyrics from The Wreck Of The Edmund Fitzgerald.

When suppertime came, the old cook came on deck Saying, "Fellas, it's too rough to feed ya." [Former version:] At seven PM a main hatchway caved in [Latter version:] At seven PM it grew dark, it was then He said, "Fellas, it's been good to know ya." The captain wired in he had water comin' in And the good ship and crew was in peril And later that night when his lights went out of sight Came the wreck of the Edmund Fitzgerald

Traders always buy (chase) when they should be selling or watching. Bag holder will always exist as long as there are free markets.

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