I made this trend many months ago.
Thought I would share it with anyone considering BTC as a hedge against fiat inflation.
No candle sticks movement predictions.
No wedges.
No Fibonacci sequence.
The real mover of BTC is basically Stock-to-Flow corrected (downward) by BTC movement which doesn’t occur on exchanges (which is challenging to quantify).
But vague data suggests that OTC inventory is dwindling by the week.
Therefore, once OTC transactions go to zero, BTC will break upward through the top of this channel and approach the S2F.
Thought I would share it with anyone considering BTC as a hedge against fiat inflation.
No candle sticks movement predictions.
No wedges.
No Fibonacci sequence.
The real mover of BTC is basically Stock-to-Flow corrected (downward) by BTC movement which doesn’t occur on exchanges (which is challenging to quantify).
But vague data suggests that OTC inventory is dwindling by the week.
Therefore, once OTC transactions go to zero, BTC will break upward through the top of this channel and approach the S2F.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.