🔵 Global M2 vs BTC - How to Not Be Fooled By M2 at the TOP
How to avoid being rekt if Global M2 keeps going up while BTC goes down.
Get the Global M2 TradingView script with the CORRELATION TABLE:
Discussion
Global M2 vs BTC
What lies immediately ahead.
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Global M2 Money Supply vs BTC
Global M2 just put in a new ATH!
BTC continues to follow like clockwork.
Social sentiment still somehow not convinced the recent BTC ATH breakout, along with re-test and holding it as support, is extremely bullish. Push it higher to rek the non-believers.
No other bitcoin metrics are overheated. CBBI is at 79. There is a lot more juice left in this tank. A lot.
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Global M2 Money Supply vs Bitcoin
Global M2 keeps putting in new highs
For those who say "M2 is broken", zoom out and stop looking at daily candles. It's not even close to broken. ~20% deviation is expected. Look at other periods M2 has deviated on the chart, and note that it still remained a broadly accurate macro indicator.
For those who don't understand why the offset changes (it's actually a range), watch this: x.com/ColinTCrypto/s…
M2 is directionally predictive for BTC-- not 1:1 price related. I see many trying to use the BTC y-axis for the M2 line, saying that this is what price M2 predicts. BTC is on its own y-axis and M2 is on its own y-axis. M2 does not predict a specific BTC price. It predicts market direction, with about 80% accuracy.
Lastly, it's quite possible M2 *will* decouple from BTC-- perhaps near the next top. Watch the video below for how we can protect ourselves when M2 invariably does decouple in the future:
