Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in The Matrix for subscribers.
The True Believers and their followers maintain their calls of $100,000 by the end of the month. These calls have been repeated nearly all of 2021.
The technicians are posting charts and suggesting a failed breakout without providing much in terms of explanations. Who needs explanations when the crypto influencers on social media speak of changing the world as if power is a flexible commodity to be shared by all. This is an excellent concept on paper. Trading profits, however, require an understanding between theory and real world observations.
The world is going to believe what it wants, which makes trading discipline more of an irritation than necessity.
Let the majority talk. Focus on the invisible hand as price declines. Bitcoin is not showing any cycle extensions, so the key observation going forward will be energy and Intermarket flows. Subscribers can use the Matrix to track energy. Energy should climb as prices fall.
The Bitcoin Report $150 addresses the power behind the energy builds, and other trends never discussed on Insights.
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