BTC / M1+M2 Money Supply - Observation #BTCUSDM1M2 #MoneySupply
An observational study on Bitcoins price versus the overall money supply paints an interesting picture.
Are we now the most oversold on a relative basis to the money supply?
Previous Cycles (I'd argue there's been 3 now, on the basis of halving's and time-cycles)
Previous times we retraced to the 38.2% fib extension
This time 61.8%, 2 full levels below
Are we now the most oversold on a relative basis to the money supply?
Previous Cycles (I'd argue there's been 3 now, on the basis of halving's and time-cycles)
Previous times we retraced to the 38.2% fib extension
This time 61.8%, 2 full levels below
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*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
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*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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