βΆοΈ Watch on 3Speak
How to not get rekt by M2 during the BTC price TOP (if M2 keeps going up while BTC goes down).
Get the Global M2 TradingView script with the CORRELATION TABLE:
https://www.tradingview.com/script/IM2f6uV6
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Time Stamps:
0:00 Introduction
0:59 Global M2 has gone viral
3:19 Everybody's using M2 so it can't work, and Global M2 missed the 2021 top.
6:40 20% of the time M2 will be non-correlated
8:12 The solution to if M2 keeps going up while BTC has already topped: Diversification of Metrics
9:50 This is my pre-emptive defense for when M2 does finally decouple.
13:06 Patience is an important investor skill. Warren Buffet is a good example.
16:03 Newbies will crawl out of the cracks saying "M2 was wrong" when inevitable M2 non-correlation happens
16:45 Diversification of Metrics
18:02 It's inevitable that M2 correlation will break at some point
19:13 Many social media accounts simply copy-paste the Global M2 chart without much understanding. A lot of copy-pasters.
20:17 CBBI - a diversification of metrics
24:57 Pi Cycle Top Indicator (CBBI metric #1)
27:01 RUPL/NUPL (CBBI metric #2)
29:23 RHODL Ratio (CBBI metric #3)
30:31 Puell Multiple (CBBI metric #4)
32:24 2 Year Moving Average (CBBI metric #5)
33:57 Bitcoin Trolololo Trend Line (CBBI metric #6)
34:21 MVRV Z-Score (CBBI metric #7)
35:00 Reserve Risk (CBBI metric #8)
35:40 Woobull Top Cap vs CVDD (CBBI metric #9)
36:50 Summary: How to avoid getting rekt (using other metrics to cross-check Global M2)
39:13 TradingView Global M2 script with CORRELATION TABLE made public for your use!
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Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#bitcoin #btc #crypto #cryptocurrency #cbbi #news #blockchain #price
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βΆοΈ 3Speak
Colin -- you are here in One Bitcoin Club! I am just about to feature this video from YouTube in my Seizing the Crypto Bull Run Newsletter tomorrow -- THANK YOU SO MUCH for your work breaking down the M2 money supply connection! I am a long-term swing trader and crypto author who basically zooms out and counts days from halving to top and back (although I do note the Pi Cycle top, and I have a calculation of the projected terminal price at hand), but the HOW of why money runs into Bitcoin at particular times has been more elusive to me until you explained this aspect in the videos of yours I've seen this year. 20 percent non-correlation makes good sense to me when I think back over the last two cycles as well with M2 in mind.