samfanderson1597

BTC w/ M2 money supply in rangebound

BTC is rangebound, when controlling for M2 money supply. I really do hate to say this for everyone that thinks we made an ATH this year or didn't retest 2018 highs, but M2 money supply demonstrates that we made a perfect double top with 65k in may when we touched 69k in November and we touched the 2018 highs in July at 29k when controlling for M2 money supply. I don't know really how to trade with this information, but I just plotted the 5 lines I see as important in the BTC and will be bullish as long as the FED flows in with liquidity. I think that they may raise rates 1-2 times next year, but will reverse course when equities correspondingly correct.

Penafian

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