CryptoAlpha0

BTC & personal saving rate, macro signal for final capitulation

BITSTAMP:BTCUSD   Bitcoin
Final capitulation occurred on 12 JAN 2015, during a time in which the personal saving rate made a multi-year high, peaking on 30 JAN 2015. This could help us identify a max point of financial opportunity in overall market conditions and investor psychology. Q4 2018 ended the year with the highest personal saving rate of 2018. Q1 and Q2 readings in 2019 could be instrumental in confirming if a final capitulation has indeed occurred. For added analysis, household debt service payments as a percent of disposable income has been plotted for additional confirmation of consumer strength/risk appetite.
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.