Let's keep it short n sweet. No reason to fluff up the dialogue.
Bitcoin Macro Bottoms are on average a once in a three year event. Bitcoin Price Action tends to have a slight correlation with the bottom of the S&P 500; however, I'm this isn't to talk about the price of the S&P 500 but something that has a higher correlation, and that is the 12D RSI of it.
Since Bitcoin's inception, there's been five times this RSI 12D value has reached 40. Four of those five times were within a few % points of the bear market bottoms. Look for yourself.
So if you're looking to find the absolute bottom of Bitcoin, flip on the 12 Day RSI of the SPX (S&P 500), and watch for when it reaches 40 - chances are that's the once in a three year event where you find the Macro Bottom of Bitcoin.
As for current market trends, I remain relatively neutral. I'll always be exposed to Bitcoin, but I won't have all my eggs in one basket until we reach these MACRO signals.
Bitcoin Macro Bottoms are on average a once in a three year event. Bitcoin Price Action tends to have a slight correlation with the bottom of the S&P 500; however, I'm this isn't to talk about the price of the S&P 500 but something that has a higher correlation, and that is the 12D RSI of it.
So if you're looking to find the absolute bottom of Bitcoin, flip on the 12 Day RSI of the SPX (S&P 500), and watch for when it reaches 40 - chances are that's the once in a three year event where you find the Macro Bottom of Bitcoin.
As for current market trends, I remain relatively neutral. I'll always be exposed to Bitcoin, but I won't have all my eggs in one basket until we reach these MACRO signals.
