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@ColinTCrypto The 4H BTC structure doesnโt appear overly bullish either, so I think your 107 day offset theory looks rather juicy right now, but of course anything can happen!
It will be interesting to see what BTC does next.
๐น Chart 1: BTC is approaching major overhead resistance. Price tends to reject from resistance.
๐น Chart 2: The M2 line (with 107 day offset) heads down for a little while in the "rally that fails".
Both of these charts match in most probable outcome if BTC rejects from the resistance.
I think that BTC will eventually break upward, but it may not be immediately.
That being said, we all hope both of these charts are violated and BTC just soars, blasting through all resistance, but I wouldn't make a confident bet on that. Not impossible, though.
Global M2 vs BTC update
I still think this is the most likely scenario. Note that doesn't mean it's the only scenario.
๐น Blast-off date around APRIL 30, using a 107-day offset for Global M2. (has a high mathematical correlation)
๐น Rally could last for 2 MONTHS, based on how long the M2 line goes vertical (rally could extend longer if M2 continues going up)
๐น Regardless of the accuracy of the "blast off date", the massive influx of global M2 capital is coming. Don't get caught up in the weeds regarding the exact day. Look at the big picture.
If this subject is new to you, learn more about this apparent, predictive correlation of Global M2 to Bitcoin price movement in the video, in the reply below.
@VictorianCHO I thought these jabs had 90%+ efficacy and you've had 3 and still feeling rubbish? Will they give you a refund at least? At least now you can hopefully see that mandating something that barely does nothing is your governments biggest mistake