Thursday, May 17, 2018

#Bitcoin Review $GBTC

Bitcoin Review
Those that view the message of the market on 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 bagholders of trend transitions.

Bitcoin's overall trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.

Subscriber Comments:

Bitcoin's alignment or tape (Down BO, Down BO, Up) , reentered consolidation a few days ago (see Matrix).  Weakness into Friday's close would solidify expanding consolidation that has the potential to reverse the primary trend.  This setup advises extreme caution for the bulls.

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Market-driven money flow, trend, and intermarket analysis is provided by an Insights key.