Another interesting thing, if you divide by the M2 supply, it posted a lower low.
During inflation, assets are the first things to be priced in by inflation. Assets->goods->wages. If crypto is bullish, the market SHOULD have already priced in this inflation, and we would have seen a higher high in the symbol TOTAL/WM2NS. IMO, if we don't break out with authority, it's a confirmation of a bearish trend.
Adrian_Padilla
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The euphoria is maybe the reason. Euphoria, the bears meat!
emrelg
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@Adrian_Padilla, Yeah right agree but there is a thing something like that where is the money go ? I think right now money go blockchain ecosystems eg; sol, avax next hype I think polkadot system people buying something like that product. So its mean people dont buy bitcoin novadays. History is repetitive there will buying bitcoin again and btc.d will be rise but market bleeding again. My opinion we dont in Euphoria for bitcoin. I just try to catch waves right now hype is I think avax ecosystem.
IrenaStory
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Thank you for always introducing fascinating ideas and concepts my hemso! 🥳🙌🏻💫
Another interesting thing, if you divide by the M2 supply, it posted a lower low.
During inflation, assets are the first things to be priced in by inflation. Assets->goods->wages. If crypto is bullish, the market SHOULD have already priced in this inflation, and we would have seen a higher high in the symbol TOTAL/WM2NS. IMO, if we don't break out with authority, it's a confirmation of a bearish trend.