Saturday, January 8, 2022

#Bitcoin Review $GBTC #BTC

Bitcoin Review
Investors trying to interpret the composite trend tend to be 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. Confusion 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

This is circulating across trading desks this weekend.

Bitcoin's trading is spiritually driven by the majority. We only care what the invisible hand says. Today's action in comparison to May 2021 is not the same. While DI and DI2 might be marginally lower, they haven't driven out participation. Low participation marks bottoms in bull phases. WA = 44% is too high.

Alter this interpretation at your own risk. We'll update the Bitcoin Report if the primary trend doesn't fail. If it fails, it could be the end of the Bullish Bitcoin Report.

Bitcoin DI

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The Matrix provides market-driven trend, cycles, and intermarket analysis.