Ever wandered about how many BTC are in circulation? And how it's price would change if we took this into account? I searched a little if there is a ticker in here that tracks it but didn't bother. Instead I did the comparisons in Excel. The BTC price has many sides... Orange Line: Absolute BTC Price - Now $16,680 Blue Line: BTC divided by it's total supply -...
Now we are in a thick moving sand. We need to drop much further to find solid land. A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow. I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
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
Chart shows historical price of Bitcoin adjusted against both the Global Commodity Price Index and M2SL, and may serve as a visual aid to illustrate Bitcoin price adjusted for rise in commodity prices while taking into account increase in money supply. This chart therefore accentuates and magnifies the recent downturn by taking into account both rising commodity...
Hello Traders, This is somewhat an educational post as well as some TA with possible directions to watch for. update on #QQQ (#Nasdaq 100 ETF) vs #M2SL seasonally adjusted money flow in billions. When indexing this chart to a scale of 100 we may have a clearer picture of what is going to play out, important areas to watch for that may present opportunity and...
BTC / M2 Money Supply Chart Levels are a lot more respected on this chart pair. Once again people are getting the opportunity to get $BTC under $20k. I am a BUYER at these levels. Interestingly at the 300 WMA on the chart for the 3rd time in history. This level has held for eternity. #BTC #Bitcoin
It seems the pattern of silver and the money supply may be repeating itself today. The low in silver then after money printing coincided with the bottom of the tightening. When the money supply increased again, silver shot to $50. Similar pattern today! Let me know what you think. Thanks
Despite M2V and GDP having better correlations to inflation, money supply itself also has a correlation to inflation.
Coming towards the lowest ratio ever. Lowest ever soon after the balanced budget of Bill Clinton. Almost at the COVID monthly low. Hard to imagine it making it to the previous low.
The current drawdown in the Nasdaq may not appear like much when looking at a monthly chart for example, however when comparing to the money supply it tells a different story. Compared to M2 we are at the same level seen in early 2020, however compared to M1 we are at levels not seen since 1991.
In store for BTC is a likely Triple Bottom on the weekly after it fills the wicks in the 29k area. From there one would hope a pump would happen and hopefully not triple topping after that lol, when factored for inflation 69k was an exact double top. When factored for inflation, BTC tested the 2017 ATH at 29k. Therefore 29k is the bottom.
Gold ( OANDA:XAUUSD ) is forming an immature cup and handle on the monthly with a price target of $2600. On the weekly, we see it has broken above this triangle as you see in the chart below. That move is not confirmed yet either, but if next week, gold trades above this week's close, then we set a price target of $2060 and set a stop loss below the recent...
This is the NDX divided by M2SL. Valuation relative to the money supply is nearing its year 2000 high.
Hi folks! I just tried to take a broader perspective on things again, and wanted to take a look at the pricing of the S&P500 relative to the M2 Money Supply, as well as the effect of real interest rates on markets. Note that the orange line here is the negative of the real interest rates - that is, . My takes are these: (1) The S&P500 relative to the M2 (broad...
This is not entirely about a trade, moreso a thought experiment of the future to come. After the great 2020 coof liquidity crisis a brief and severe expansion of the monetary supply occurred in order to bail out the entire economy. This seems to be followed by an equivalent expansion rate mirrored by the 1971 expansion. The marked difference this time is that the...