BTC / M2 Global Liquidity (Offset 78 days)
History did repeat and the standout Shooting Star has again led to significant dump action as it .
And the fact that this is happening while stock indexes are wobbling while Trump unleashes more tariffs - should be a cause for concern.
But to lighten moods, I have added M2 Global Liquidity.
To remind, there has been incredible correlation and I have circled a few instances.
Also notice there is quite a flat area in M2 - it looks somewhat similar to the flat area that Bitcoin just slumped from.
Then notice that M2 had a small slump then carries on up until what looks like some sort of blow off phase in September - then corrective action; perhaps a 3 wave correction (before continuing on up).
So obviously this area is very dangerous but there might just be a silver lining 🤔
That said, now that indexes have wobbled, this area is certainly dangerous and we could yet see another wave down in tandem with stock indexes as we did in January.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
History did repeat and the standout Shooting Star has again led to significant dump action as it .
And the fact that this is happening while stock indexes are wobbling while Trump unleashes more tariffs - should be a cause for concern.
But to lighten moods, I have added M2 Global Liquidity.
To remind, there has been incredible correlation and I have circled a few instances.
Also notice there is quite a flat area in M2 - it looks somewhat similar to the flat area that Bitcoin just slumped from.
Then notice that M2 had a small slump then carries on up until what looks like some sort of blow off phase in September - then corrective action; perhaps a 3 wave correction (before continuing on up).
So obviously this area is very dangerous but there might just be a silver lining 🤔
That said, now that indexes have wobbled, this area is certainly dangerous and we could yet see another wave down in tandem with stock indexes as we did in January.
This analysis is shared for educational purposes only and does not constitute financial advice. Please conduct your own research before making any trading decisions.
Note
Typo* - First sentence should be "History did repeat and the standout Shooting Star has again led to significant dump action as it did in January at the start of the stock index crash."Note
For the flip side of this, stock indexes closed bearish for the week having slumped from a tidy 1.618 extension.This signals that the next crash wave may have begun.
I did cover this 1.618 extension in a previous thread btw:
...
Sometimes you can tell a lot about what will happen next in stock markets by crypto action on the weekend.
Current action is very bearish - especially in altcoins.
Sooo, its looking quite dangerous here.
Its either going to go one of two ways:
Either Bitcoin follows stock indexes into another crash wave down.
Or indexes will somehow recover and Bitcoin can follow the path of M2 Global Liquidity.
Its certainly not an area to be all in.
Note
"all in"*
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.