We have created a BTC price model based on the observed relationship between Global Liquidity (GL) and price, a power law with power 9.2.
There is an empirical delay of about 85 days, making Global Liquidity a leading indicator of price.
Global Liquidity has been rising steadily in the last few months, and finally, close to the predicted time of the turning BTC price, is following the recent run-up of GL.
We are monitoring this behavior closely to confirm the two time series match over the long term and in major structural features.
The lower panel indicates the winning rate of both time series. This is a useful indicator able to track structural changes independently of scaling (which can be variable when comparing GL and BTC price).
For now, it seems BTC is following closely the recent explosive upward movement of GL.
There is an empirical delay of about 85 days, making Global Liquidity a leading indicator of price.
Global Liquidity has been rising steadily in the last few months, and finally, close to the predicted time of the turning BTC price, is following the recent run-up of GL.
We are monitoring this behavior closely to confirm the two time series match over the long term and in major structural features.
The lower panel indicates the winning rate of both time series. This is a useful indicator able to track structural changes independently of scaling (which can be variable when comparing GL and BTC price).
For now, it seems BTC is following closely the recent explosive upward movement of GL.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.