Interesting compare to the crash off in money supply velocity to Amgen’s delayed bull run Maybe something to do with their business model. Also compares to money supply and seems to correlate with increase in money supply dollars finding their new homes as we can see as the money supply velocity drops off drastically.
BTC / M1SL+M2SL Bitcoin price to ~164 million dollars per coin after the next cycle. As high as ~4 million this cycle. Ask me how crazy I am. Yes.
S&P divided by money supply is at the same resistance level than 2007 financial crisis and pre-covid top. Also matching 0.618 fib retracement. + bearish downside channel on the RSI Potential trend reversal on S&P
SPX back in the resistance / distribution zone for the SPX over money supply on a bearish divergence. September / October will be interesting
Ethereum has been straight running lately, and we have wonderful fundamentals underway with the heavily anticipated upgrade coming very soon. It is worth advising that there is clearly risk of a "sell the rumor, buy the news" event taking place that upon realizing the upgrade we will see those that had accumulated risk off into further strength. While this is a...
lets have a look at how oil goes, so im gonna go ahead with 2 positions, one in EURCAD and one in USDCAD no super confident on EURCAD, as EUR has been also weak, but analysis tells that this can see another push up.
Just a guess. 2022 could be volatile, although the reward could be immense.
We're either seeing a breakout here on the S&P500 Futures/M2 chart, or this resistance level, which has held up since 2001, is about to spoil the bulls party. Look at the last impulse wave toward the resistance line in yellow. We're stretched, but we're seeing the same pattern, folks. Trade accordingly...
find it interesting, this is the sum of all commodities divided by the money supply. probably doesn't mean anything, anyway interesting. Looking at the parabolic route of m2 and the commodities basket divided by it didn't move as expected because of it's rally the rally. lot's of money still in the markets. give me your perspective and ideas
Interesting to see how the SPX divided by the money supply was at its highest in 2001 and has been unable to reclaim those levels since. The Spx has been unable to get back above the resistance from the dot com bubble. Will this time be different? Will the SPX be able to get above the resistance or will we get rejected from this level like we did in 08 and March 2020?
Hey fellow traders, So my custom ticker formula is BTCUSD*DXY/M2. So this boils down to: Multiplying BTCUSD by Dollar Strength Index Dividing by M2 (The total number of dollars in circulation) Let's examine WHY we are doing this. When DXY is falling, the US Dollar is losing value, which prompts commodities or alternative investments like Bitcoin, to...
As you can see, Bitcoin rejected perfectly at resistance (3.50) and bounced perfectly from Major Support line (1.70). The chart explains it perfectly. As long as things stay above that 1.70 level, I think this could be a significant S&R Flip, with Bitcoin showing strength as a hedge against inflation. If it falls below 1.70, well... then I will assume a more...
Dividing SPX by the money supply (M2) removes distortions caused by changes in the supply of money (dollars). (1) Now, suddenly the skyrocketing SPX surge following the Covid crater isn't so insane, in fact, it has yet to recover to pre-Covid levels! Dividing by M2 arguably gives a more realistic view of equities, revealing the % of money out there that people are...
I took a closer look at the difference between the BLX/M1 chart and the standard BLX one. I specifically looked at the times the price of BTC definitively crossed its previous ath. The difference between those charts in previous bull runs is minimal. In terms of time difference its 7d and 28d respectively and an about 30% to 40% difference. BUT this time around...
BNC:BLX ... and where we should be :)
FMAC HPI Housing price index is interesting to look at versus the money supply. Both are always increasing and fairly predictable since 2012. The HPI tends to follow this ebb and flow moving up all the time, until this year where we haven't seen it's typical plateau. When you check the money supply trend, M2, we can see that if we follow the trend going back to...
looking for strong bounce after elections.
Last week Bitcoin broke above its September 19 High, effectively crossing the short-term Resistance, reversing the sentiment to bullish. Why this happened? Well talks of a new stimulus package have been renewed and along that the U.S. Dollar (DXY) has started to lose its value in expectation that new money will be inserted into the system. What does that have to...