Double Tap.exe on the StableCoins Market Cap

This is an experimental indicator I created.

The idea is very simple - I believe there's a positive correlation between stable coins issuance and BTC's(and other coins) price appreciation. Rising levels == buying power. For the last 2 years it managed to spot local tops/bottoms.

We just had a double tap on the line, which is very similar to June - July 2021 development, which marked the local bottom. Take it as you will, as always :)

Comment:

Indeed a priced reacted on the second tap and had a bounce. We are now having a third tap on the daily.

Nothing has changed. Money are sidelined and I believe bottom's in.