BLX and the Global Economy
Using as a reference tool to compare the growth of Bitcoin (BLX chart) with the Global Economy as a metric and finding a solid bottom for the Global Economy metric at the 1.618 retracement in late September 2023
BLX (orange/white) candles
Global Economy (blue/white candles)
Global Economy Includes:
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US total assets
Central Bank Assets for Euro Area * Euro to US Dollar Rate less Reverse Repurchase Agreement (Reverse REPOs) less Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account
China Central Bank Balance Sheet * Chinese Yuan to United States Dollar
Total Assets for Japan * Japanese Yen to United States Dollar
NOTE: I have never tried to run a compare in Tradingview so I hope that the BLX compare continues to run alongside with the Global Economy. If this does not run in tandem I will update with monthly snapshots as a feel that this is an important metric in measuring how closely BTC could outpace or under-perform the Global Economy as whole.
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BLX (orange/white) candles
Global Economy (blue/white candles)
Global Economy Includes:
-------------------------------
US total assets
Central Bank Assets for Euro Area * Euro to US Dollar Rate less Reverse Repurchase Agreement (Reverse REPOs) less Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account
China Central Bank Balance Sheet * Chinese Yuan to United States Dollar
Total Assets for Japan * Japanese Yen to United States Dollar
NOTE: I have never tried to run a compare in Tradingview so I hope that the BLX compare continues to run alongside with the Global Economy. If this does not run in tandem I will update with monthly snapshots as a feel that this is an important metric in measuring how closely BTC could outpace or under-perform the Global Economy as whole.
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Comment:
what the heck??? here I thought that compare wouldn't continue but now it's price that isn't moving. tradingview published ideas are bootleg sometimes but I promised to update with snapshots...
...and so far it seems that Bitcoin is more bullish than the global economy