BTC vs Money Supply updated 2022 (logarithmic)
reviewing from my older chart that tried to make sense of the last the last ATH from Bitcoin against the money supply (money printing)
can clearly see it broke the previous support price and is still struggling to get above even with all this 'extra' money floating around
many big financial companies are liquid right now, there is plenty of opportunity from the crypto markets as a whole, trillions are waiting, maybe some price manipulation too, trying to get cheaper bitcoins of course!!!
KEEP watching this chart, if it goes under the diangoal support line ive added then certainly question your crypto holdings and adjust accordingly as lower prices will be sure to come, if we can stay above that trend line support and get back above the old 20k 2017 ATH then we could see a nice drive up towards new highs
ill do a normal version of this (not logarithmic) very soon
any questions please ask!
can clearly see it broke the previous support price and is still struggling to get above even with all this 'extra' money floating around
many big financial companies are liquid right now, there is plenty of opportunity from the crypto markets as a whole, trillions are waiting, maybe some price manipulation too, trying to get cheaper bitcoins of course!!!
KEEP watching this chart, if it goes under the diangoal support line ive added then certainly question your crypto holdings and adjust accordingly as lower prices will be sure to come, if we can stay above that trend line support and get back above the old 20k 2017 ATH then we could see a nice drive up towards new highs
ill do a normal version of this (not logarithmic) very soon
any questions please ask!
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