Stablecoin Supply Ratio exceeding its Bollinger Bands has marked the past two #BTC impulsive tops, and all major corrective bottoms since the 2018 bear market low.
Hasn't broken yet, but getting close.
Bands tight, implying explosive move at some point, likely to other side.
“The beauty of inflation for the US gov’t is they’re able to tax everybody through a hidden inflation tax, and then if you successfully escape the inflation tax by buying hard assets they charge you capital gains that are inflated through the inflation.” —@ODELL
I think trendlines are valid with on-chain analysis just as they are with technical analysis. At the end of the day, we're visualizing patterns of human behavior.
With that being said, current structure resembles the early stages of a bull market.
The U.S. took an economic lead in the 19th century with chemical energy, then furthered that lead in the 20th century with electrical energy. Economic prosperity in the 21st century will come from digital energy. #Bitcoin
https://t.co/7aRAlT7o3Q
"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature." - John D. Rockefeller on #Bitcoin
The Democrats are raising the threshold to $10,000 for their IRS reporting requirement proposal, but we’re not fooled.
If you think you’re exempt, check out these 10 ways you might find yourself a target of this new weaponized IRS:
https://t.co/lQ6evAmFCH