colin crypto

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colin crypto
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GAIN CAPITAL β€˜β€™All paper money eventually returns to its intrinsic value - ZERO" (Voltaire 1729) "Fiat is the scam that enables all other scams." I DO NOT SELL COURSES πŸ—£οΈ
Global M2 Money Supply vs BTC Bitcoin is still right on track with Global M2. $120,000+ by the end of May? Will BTC get a huge move up around the May 24th like Global M2 shows? If so, it's likely BTC breaks into new ATHs. The FOMO at that time will be palpable due to all the sidelined doubters that thought the cycle was over. I'd like to point out to any doubters of this correlation that it has already proven useful. During the past ~5 months, while bitcoin bled, many were worried that the cycle was over, Global M2 correctly predicted the move up from $76k to $105k (April 8 to today). This helped many avoid making the wrong decision of selling or assuming we are in a bear market. Thus, it's already proven valuable. Noting this for future detractors during *expected* non-correlated periods. image
I think the top is not in. Why? Many are calling $109k the top. It's GOOD that many are saying the top is in. If many people weren't doing this, then it couldn't go higher. Only when everyone is calling for "higher" will it be the actual top. It's market reverse psychology.