ISM INDEX Measured against Altcoin Marketcap + ETH Marketcap
So the ISM Index measures business activity in the US. When it's above 50 it suggests expanding economy.
No one is really talking about this but I heard max shillboi Raoul Pal mention it.
Could be a useful early signal for when it goes above 50. Seems to line up well with Altcoin boomboom.
Blue Line = ETH MC
Black Line = Altcoin MC
Dotted line = ISM Index
Trade active
Everybody bearish now. Prices on Alts bottomed?ISM Index approaching 50. Could be a leading indicator no one is looking at
Note
New ISM INDEX data point coming today (it's the last day for each month). Hopefully it's near or above 50Trade closed: target reached
50.9 was reached for January data point. Pray for mewn
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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.