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My Three Burners Theory of #bitcoin bull market price action.

Burner #1: Liquidity

Current setting: Medium

Burner #2: Economy

Current setting: Low (but starting to rise? ... watch ISM data)

Burner #3: Leverage

Current setting: Low

OPINION:

We won't see an exponential move (ie, a "blow-off top") until all three burners are on High.
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Jonathan Melton 5mo ago

In terms of indicators, I think BTC/Gold through the highs could be indicative of a stronger BTC rally that we have seen.

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