Technical indicators and all that bullshit from traders is useless, what is useful is to understand Bitcoin and Bitcoin is a proxy for global liquidity, it was designed for it, it is a punishment to money printing.

The formula is summarized in:

- Increased liquidity = Increased Bitcoin price.

- Decrease in liquidity = Decrease in Bitcoin price.

There is another very important variable which is adoption, but in the short medium term the most important thing for price variations is liquidity.

I am sorry to tell you that there is no more.

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Technical soyanalysis: vodoo ritual for westerners

What's that chart on the bottom? Is that liquidity?

Orange shows dollar liquidity in the system, blue shows global liquidity m2.

Dollar liquidity:

U. S. Federal Reserve Balance Sheet (FED)

U. S. Treasury General Reserve Account (TGA)

Overnight Reverse Repurchase Agreements (RRP)

Money Supply = FED - TGA - RRP

Where do you find charts for these?

Correct. The system needs to constantly add liquidity to survive.

You Raoul Pal? 🤔

Yet will bitcoin have a value proposition besides number go up unless we fix the mining pool centralization ?