Those who follows for long know that this is not the first time we mix bonds and Chinese liquidity into Bitcoin's (BTCUSD) long-term analysis. We do so as more than a year ago we discovered their importance on BTC's trending patterns, which is so much affected by the monetary supply.
This time we decided to incorporate a fair Global Bonds Yield pool metric (blue trend-line) as well as the DXY/USDCNY ratio (red trend-line) in order to see on which stage of the liquidity cyclical patterns we are.
Global bonds trading within a +10 year Channel Down but are on the new Bullish Leg. It still has a full year before it hit the top and last time it was on this symmetrical level, Bitcoin was starting a Parabolic Rally. At the same time the DXY/USDCNY ratio is having the recent June rebound rejected (red circle) in the same way it did on November 2016. BTC is already three strong bullish months in, rising since September.
Do you think this is the start of a +1 year parabolic rally? Feel free to let us know in the comments section below!
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **