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BTC / M1+M2 Money Supply - Observation #BTCUSDM1M2 #MoneySupply
Bitcoin
Long
BTC / M1+M2 Money Supply - Observation #BTCUSDM1M2 #MoneySupply
By TheTraderAndy
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Sep 24, 2022
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Sep 24, 2022
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
Beyond Technical Analysis
BTCUSD
btcusdm1m2
m1supply
M2SL
m2supply
moneysupply
TheTraderAndy
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*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
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38.2% on 6M Observation...$BTC #BTC
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