Thursday, November 4, 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

The Bitcoin Report 10/1621 $150 talked about the formation of hook on 10/28. Fast-forward to November, and we see the hook is visible but waning. Reversals remain the focus.

The rally, which we stated long ago would be the among the best in the Fall of 2021, will accelerate when price "jumps the creek" above a significant line in the sand. The Bitcoin Report will talk about it as well as price targets and profit-taking scenarios.

The permabulls, true believers of crypto and Bitcoin, are never going to sell. The Evolution of the Trade does not sell narrative. It buys, sells, and takes profits.

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