Monday, May 28, 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, Down, Up) remains in expanding consolidation (see Matrix). An asset displaying weakness when strength should be observed, can selloff hard after the cycle turns down. GBTC needs to hold above the 11.81 weekly reversal. A weekly close below here likely generates triple downside alignment in June.

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