$0.102M per Bitcoin is cheap!
In the grand scheme of things, I think this will be true in 5 to 10 years.
Here's what I'm thinking.
Bull flag after bull flag, in overall bullish momentum.
Resistance levels don't usually get blown through immediately. The doubt on the timeline shows how much of a huge move there will be once/if the breakout is confirmed. Trust me-- we will se a HUGE weekly candle if that happens.
I could see a $10k+ weekly candle upon confirmed breakout above the ATH range.
Why do I think the Bitcoin top is NOT in yet?
- Global M2 shows a massive pump ahead for BTC to follow.
- The backdrop/context is that CBBI.info has not shown a super overheated score for this cycle yet. Thus, I don't think the final top is in. If CBBI was showing 90+ or 95+ I would ignore Global M2 and start taking profits, because we know that M2 can and likely will deceive us near cycle tops (M2 can run up while BTC drops after topping).
The 9 bitcoin metrics of CBBI are NOT showing an overheated status.
The way I look at it: CBBI overrides M2. But M2 can remain legitimate until CBBI shows we're overheated. Until then, the top is likely not in.
Saying the same thing another way: Once CBBI attains a score over 90, it takes precedence in importance over M2 (because M2 can trick us after the true BTC top is in). Until then, let's continue riding the M2 wave up, because the BTC top is most likely *not* in yet.
Currently, BOTH M2 and CBBI show more room to run up.
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.
#ETHBTC
That's one heck of a weekly reversal candle.
It times with BTC dominance rejecting from its upper channel.
Bitcoin $105,000!
New ATH not far away now.
Bears are starting to panic and FOMO back in. You can feel it.
Global M2 was telling you this for months. Our time has come.
🔵 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:
Global M2 Money Supply vs BTC
Global M2 vs BTC - TradingView script
Published to TradingView as a public indicator script
👇
https://www.tradingview.com/script/IM2f6uV6-Global-M2-by-Colin-Talks-Crypto-Days-Offset/
Global M2 Money Supply vs BTC
Big move up for $BTC. +$3k in 24 hours.
The surge continues! 🚀
It looks like the pump could continue until nearly August, and M2 hasn't stopped climbing yet.
The BTC price continues to track M2 nicely. Remember, it may not always be this perfect. There will be 20% de-correlation periods as well. But we can enjoy the 80% correlation while it is happening, like right now!
I also included a comparison of some popular M2 offsets, in case it piques your curiosity. Watch this video if you don't know why it changes: youtu.be/A3fPHTEM0JQ
Learn more about the correlation of BTC to M2 in the video below
Global M2 Money Supply vs BTC
We are about 26 days in to the big M2 blast-off, with about 2 1/2 months remaining (so far).
[ ▰▰▰▰▰▰▰▱▱▱▱▱▱▱▱▱▱▱▱▱ ] 35% progress
But remember, M2 could keep heading up. This would cause the blast-off period to extend. As such, it is a potentially moving target.
—— IMAGE #2 ——
Offset comparison: 80-day, 86-day, 108-day.
I put a green check mark next to the most correlated time period for each offset.
You can see the 86-day offset has the best correlation most recently. The 108-day offset has the best mid-term correlation and the 80-day offset has the best correlation for longer time periods. I am sharing this just as a note of curiosity and interest— not something to get overly caught up with.
The theoretical plus-point of being at 86-day is that we have more "blast off" in front of us, although a slight dip immediately ahead. Whether this is fully accurate is anyone's guess. The smaller the tie frame moves we try to predict, the more likely we are to be wrong. Regardless, the big picture remains the same.
Please watch the video below for a visual demonstration I made of how the offset changes over time.
Most importantly, remember that the offset itself is not the most important factor-- the big M2 move is.
Good luck.
nevent1qqsxmwdyk07w5a8axdlacwt20d8td662rtnvcc4feuyf4mygqy30rpspzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgste7h9
$MSTR and $BTC are currently only ~3 days apart in terms of M2 offset. (MSTR is leading BTC by 3 days or so)
For those who wonder why the M2 offset APPEARS so different for $MSTR than it is for $BTC, that's because $MSTR is traded *5* days a week and not 7 days a week like BTC.
Some people give the example of 55 days offset for MSTR. I'll translate that:
55 WEEKDAYS is equivalent to 77 CALENDAR days (including weekends). Now, you can see it's more similar to the offset with BTC (which I currently have at 80 days), since BTC is traded *7* days per week.
So, really, $MSTR and $BTC are currently only 3 days apart.
nevent1qqsg0f0ttqvrvxyc53cwsj0fjwh0wc5jqysxya22wm9fnvh9u9w46dcpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgycsv2f
Global M2 Money Supply vs BTC
Right on track.
Noteable sideways/corrective periods (drawn in red boxes):
May 26 - June 18
July 1 - July 22+
Watch the video below to learn more about the predictive correlation of the Global M2 Money Supply to the Bitcoin price. 👇
For those who wonder why the M2 offset is different for $MSTR than it is for $BTC, that's because $MSTR is traded *5* days a week and not 7 days a week like BTC.
Some people give the example of 55 days offset for MSTR. I'll translate that:
55 WEEKDAYS is equivalent to 77 CALENDAR days (includes weekends). Now, you can see it's more similar to the offset with BTC (which I curretly have at 80 days), since BTC is traded 7 days per week.
So, really, MSTR and BTC are currently only 3 days apart.
Global M2 Money Supply vs BTC
Right on track.
Noteable sideways/corrective periods (drawn in red boxes):
May 26 - June 18
July 1 - July 22+
Watch the video below to learn more about the predictive correlation of the Global M2 Money Supply to the Bitcoin price. 👇
⚠️ SCAM ⚠️
It has come to my attention that there is a fake Telegram channel using my name, profile image and posts, mixed with scams:
Telegram channel name: “ColinCryptoTalks” (a stupid rearranged spelling of my name)
I did not create this Telegram channel. I don’t have one. It is a fake.
Please report that Telegram channel. If enough of you do, maybe it will be removed. It’s apparently been running for several months based on its posting history. A long-standing scammer and impersonator
Global M2 Money Supply vs Bitcoin
We are 20 days into a 3-month M2 move upward.
----
How it works:
There is a lag (a delay) between the moves
that Global M2 makes and the moves that
Bitcoin makes.
M2 moves first. BTC moves next.
This is called the "lag" or the "offset".
The M2 is REAL DATA that has
ALREADY occured. It’s not a guess.
----
NOTE: I didn't include India in this chart due to its sudden and massive 10x in M2, overnight. Read these two posts for more details and visuals:
Post1–https://primal.net/e/nevent1qqsp3z3ahzgwwxaerdru4dgt9cc3qwp93hezk9avaj3xpvv4sd6n3mcekk992
Post2–https://primal.net/e/nevent1qqsp07jqdxxl8xj4nemf9argy0637djmpwxtx90t3xj8myzqjfjf7kcr55g9q
In summary, India's M2 spike of 10x is just not fully confirmed in my mind as legit, and is not really necessary for the BTC pump that is already forecasted by existing global M2, even before India's spike. If the BTC pump goes even higher due to India then great. I'm taking the conservative approach. I'd like to learn more about what happened before I go promoting it. I'd rather be happily surprised than to disappoint many.
👇 Watch new video below for more details 👇
📽️ Global M2 vs BTC
I am confident in the next BIG MOVE UP. Here's why.
Pump confirmed by:
• Global M2 ✅
• Tether (USDT) dominance ✅
• Bitcoin price chart TA ✅
3-Month-Pump. New ATHs coming.
Get the M2 script for TradingView here:
Ethereum
Combine the potential, monthly reversal candle (chart 1) with its "dead"-level sentiment (chart 2), and you have the perfect storm for the Ethereum bottom being in soon, or already in.
In case you were wondering, the Bitcoin price is super healthy.
BTC reclaimed a key support (white arrow) after breaking above the diagonal trendline (yellow arrow).
This is insanely bullish. This makes the last 2 months a giant deviation below the main channel (white lines).
One likely scenario: The price could re-test the lower boundary of this channel one last time (the lower white line, right where the white arrow is), and then take off and not look back.
