I made this trend many months ago.
Thought I would share it with anyone considering BTC as a hedge against fiat inflation.
No candle sticks movement predictions.
No wedges.
No Fibonacci sequence.
The real mover of BTC is basically Stock-to-Flow corrected (downward) by BTC movement which doesn’t occur on exchanges (which is challenging to quantify).
But vague data suggests that OTC inventory is dwindling by the week.
Therefore, once OTC transactions go to zero, BTC will break upward through the top of this channel and approach the S2F.
Thought I would share it with anyone considering BTC as a hedge against fiat inflation.
No candle sticks movement predictions.
No wedges.
No Fibonacci sequence.
The real mover of BTC is basically Stock-to-Flow corrected (downward) by BTC movement which doesn’t occur on exchanges (which is challenging to quantify).
But vague data suggests that OTC inventory is dwindling by the week.
Therefore, once OTC transactions go to zero, BTC will break upward through the top of this channel and approach the S2F.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.