#TOTAL3 / #RTY
RTY is the Russell 2000. It is to the stock market what altcoins are to BTC.
Could mean that “altcos” (smaller market cap stocks) could start showing strength against “altcoins” *if* the range is respected.
#Bitcoin is getting stronger. RSI still stuck at 50, but rising. And MVRV green (price 29.5k / realized 20k = ~1.5) and waiting for yellow (~1.75 * 20k = 35k). I like it.
Bitcoin's traditional dance around 2Y realized price (dark blue), a couple of months before a halving, and before the start of stage-2 bull market. Patience.
Saying S2F model is "wrong/invalid/broken", means you think BTC price pumps after 2012, 2016, 2020 halvings (red arrows) are coincidences, random, unrelated to halvings.
Possible, but I disagree: IMO 21M cap, supply schedule, 4y halving cycle are fundamental to BTC price. 2024 will tell🚀
Funny how everybody buys at $60k (red) but nobody buys <$20k (blue) or even <$30k (green). Guess we will have to wait until yellow (swing traders?) and red (VC and angel investors?). Patience.
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