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 is in consolidation at best, a misalignment of the daily, weekly, and monthly time frames. Bulls require upside alignment in the daily and monthly trends, at minimum. Today's alignment is nowhere near that (See Matrix). Lack of alignment is a real problem for the bulls. The distribution of contracts in the futures and options market is also a problem. Bitcoin's is nearly -100%. Subscribers recognize these setups as extreme distribution.

Bitcoin

Disclaimer: Content provided by Eric De Groot is intended as general information and not specific recommendations. Individuals are responsible for their own investment decisions. Past ...

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