One might argue that the BTC drop was larger than the M2 drop (blue circles). This is correct, but notice that this happened before (see orange circles on Feb 3rd). The SIZE of BTC moves can vary from M2, but are often directionally correct. They are not always PROPORTIONAL to the size of move.
20%-30% corrections are normal in a bull run. [chart 2}
I still we'll be looking good in early March.
The Global M2 Money Supply, a leading indicator, backs this up. [chart 1]
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Historically, the #BTC market cycle top is in when or just before the 200W SMA crosses the prior ATH.
Something to keep in mind...
#Bitcoin Bull Market Intact 🛤️
Reminder: As long as #BTC holds a monthly close above the 38.2% Fibonacci retracement level, the bullish trend remains valid.
Haha!!good morning to you to!&thanks
Check dms if you got time!
The Global M2 Money Supply did predict a drop which correlates to this bitcoin/crypto drop. 👀
Note that this M2 data is shifted forward by 45 days and thus predicted this 45 days ago!
The crypto space got too reckless with memecoins.
Too much money was being thrown around in the memecoin casino. Scammers left and right.
This is the crypto market’s way of resetting things.
I would have sold $SOL for $ETH a while ago, if I held any.
I'm personally not holding any SOL, but that's just me. If it were my decision, yes, I'd convert SOL to ETH at this point. This is not a recommendation to you.but to everyone
The Global M2 Supply (yellow line) predicts a bitcoin blast-off date of March 7th, approximately.
[UPDATED DATE ESTIMATE TO BETTER FIT THE MOST RECENT M2 & BTC CHART DATA.]
It's cool to note how the BTC price continues to move sideways, perfectly mirroring the sideways portion of the Global M2 Money Supply chart. (see blue boxes).
OBSERVATION: The time correlation shifts slightly as time progresses. This is why the date keeps changing slightly. The most recent correlation is the most valid correlation. That's why I keep updating this chart.
Note: This M2 data has been shifted forward by 46 days. I explain this correlation in detail, in my video below.
UPDATE -
The BTC price continues to move sideways, perfectly mirroring the sideways portion of the Global M2 Money Supply chart. (see blue boxes).
x.com/ColinTCrypto/s…
If you ever wondered why America and Europe appeared crazy by releasing violent criminals from jail during the past couple of years, this is why.
➡️ TO DESTABILIZE SOCIETY ⬅️
Note that an unprecedented number of criminals were released during the Biden Administration.
Hey, I want to say a big thank you to everyone who followed me on YouTube. I just reached 40,000 subs!
💙💙💙
If you haven't followed me yet, please do here: youtube.com/c/ColinTalksCr…
The Global M2 Supply (yellow line) predicts a bitcoin blast-off date of March 7th, approximately.
[UPDATED DATE ESTIMATE TO BETTER FIT THE MOST RECENT M2 & BTC CHART DATA.]
It's cool to note how the BTC price continues to move sideways, perfectly mirroring the sideways portion of the Global M2 Money Supply chart. (see blue boxes).
OBSERVATION: The time correlation shifts slightly as time progresses. This is why the date keeps changing slightly. The most recent correlation is the most valid correlation. That's why I keep updating this chart.
Note: This M2 data has been shifted forward by 46 days. I explain this correlation in detail, in my video below.
Just trying to be as transparent as i can!🫶3wks winning streak still going!
I believe covid-19 was the second largest scam in human history.
Next only to the creation of the fiat monetary system itself. That is #1. 🏆
Both are of scales difficult to comprehend. And both have caused untold harm to humanity.
