Colin on Nostr: Stocks & crypto crashing. Timeline in shambles. Fear left and right. And to top it ...
Stocks & crypto crashing. Timeline in shambles. Fear left and right. And to top it off, the U.S. economy is legitimately overdue for a recession.
There’s a ton of indicators that point both directions (bearish and bullish). It can be kind of confusing what to make of it!
I am personally hinging my hopes on the Global M2 Money Supply for the next couple of months, as it shows a strong uptrend.
Furthermore, Global M2 just put in a new local high, continuing its uptrend further.
Will this be right in hindsight? I can’t tell you. Global M2 has about an 82% correlation to BTC’s moves (see chart #2). I guess I’m taking those odds. I’m not telling you to. It could fail. There’s no *guarantee* prices will head up. There’s always that 20% chance they don’t. Know this, going into it. ALL analysts and all traders get calls wrong. It’s part of the game.
Let’s hope this Global Money Supply is showing us what’s to come. We should know in a few weeks.
I’ll continue monitoring this closely and sharing its developments.
There’s a ton of indicators that point both directions (bearish and bullish). It can be kind of confusing what to make of it!
I am personally hinging my hopes on the Global M2 Money Supply for the next couple of months, as it shows a strong uptrend.
Furthermore, Global M2 just put in a new local high, continuing its uptrend further.
Will this be right in hindsight? I can’t tell you. Global M2 has about an 82% correlation to BTC’s moves (see chart #2). I guess I’m taking those odds. I’m not telling you to. It could fail. There’s no *guarantee* prices will head up. There’s always that 20% chance they don’t. Know this, going into it. ALL analysts and all traders get calls wrong. It’s part of the game.
Let’s hope this Global Money Supply is showing us what’s to come. We should know in a few weeks.
I’ll continue monitoring this closely and sharing its developments.