mr sleazygo

Drench with God

[Bull Theory @BullTheoryio]

DOES MONEY ACTUALLY ROTATES FROM GOLD INTO BITCOIN ONCE GOLD TOPS ?

Yes, this has happened before.

In August 2020, Gold topped at $2,075 and dropped nearly 10% in the next 4 weeks. Bitcoin also followed Gold and crashed nearly 20% from $12,000 to $9,800.

This move scared most people out of BTC.

But then in the next 8 months, from Sept 2020 to April 2021, Bitcoin pumped 559% from $9825 to $64,850 while Gold dropped -15% in those 8 months.

Capital rotation out of gold and into risk assets was a big part of this insane rally.

Another macro signal behind this move was ISM.

In July 2020, ISM moved above 50%, signaling economic expansion. Today, ISM came in at 52.6%, again firmly above 50.

So this setup is very similar to the one we saw in August 2020.

Last week, Gold (likely topped) around $5,600 and then dropped nearly -20%. During the same timeframe, Bitcoin also dropped -15% from

With ISM above 50, gold likely topping, and Bitcoin already having corrected, we could now see a rotation into risk-on assets over the coming months.

[mr sleazygo @khunvshad]

@Danny_Crypton I’m locked in boss

[Y Sports @YSportsGh]

A very unhappy Senegalese fan after a late penalty was awarded Morocco in the dying embers of the game.

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[Fabrizio Romano @FabrizioRomano]

🚨 Manchester City confirm exclusive story on Max Alleyne recalled from Watford loan.

Josko Gvardiol has suffered a tibial fracture to his right leg. He will undergo surgery later this week.

[mr sleazygo @khunvshad]

@UnscriptedFooty Sterling 😂

[mr sleazygo @khunvshad]

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[mr sleazygo @khunvshad]

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[mr sleazygo @khunvshad]

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[mr sleazygo @khunvshad]

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