First of all, analysis tends to get better with some music in the background .
News today: ''Wall Street's main indexes opened lower on Wednesday after stronger-than-expected inflation data fueled fears of tighter monetary policy to combat possibly a longer period of inflation .''
Ok Federal Reserve , Let's talk about You and Me, let's talk about Money...
I took a closer look at the difference between the BLX/M1 chart and the standard BLX one.
I specifically looked at the times the price of BTC definitively crossed its previous ath. The difference between those charts in previous bull runs is minimal. In terms of time difference its 7d and 28d respectively and an about 30% to 40% difference.
BUT this time around...
349% More $ printed in the period of 6 Months than in the last 45 Years! U Do The Maths! We're Are At The Age Of An Economic Collapse! Don't Get Caught With Your Pants Down!
Switch 2 Gold, Silver and other phisycal precious metals and precious stones! Don't forget 2 get urself some Bitcoin!
This shows the comparison between BTC and M1 Money Supply.
If you compare this bull run to previous bulls runs, you would see that although we are at an ATH in BTC price.
But when considering the amount of money printed in 2020 you would see we are not even above the 2017 Bull Run.
I came across this chart a few days ago and saw @vajolleratzii talk about it again today on Youtube so I wanted to point out where Bitcoin ACTUALLY is when you take USD inflation into consideration.
We are currently just about at the same level as the 2019 highs, which is likely to prove as a short term resistance level.
Just a little comparison of M1 Money Stock & Gold pricing. This is where Gold will eventually equalize itself because all that money they're partying at NDX, BTC, etc. eventually must be backed up with Gold. Do not be deceived when they call gold is crap and leave your physicals. Don't forget, gold is always accumulated.
The FED just updated their series and MODIFIED the past year of data to reflect an 18 trllion monetary base. I'd like to know why their data was only showing 6 trillion until today. Maybe it's a bug? Maybe it's real? Who even knows anymore. Cash = trash
Money velocity in orange, base supply in blue.
Here's the source of series:
It seems like the government stimulus bill news is messing up my shorting schemes in the short term.
It's amazing how the Nasdaq can continue to approach the Singularity like this. You'd think we'd run out of money to dump into it eventually.
I divided TQQQ by the M1 money supply and it seems like there might be some sort of ceiling.
Or it could just go to...