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BTC - Stock to flow Discussion

Hello traders, I was just comparing the stock to flow with the price history of Bitcoin. Although this indicator has never been exact it has worked as good measure in preparation for huge rallies for BTC. The indicator has underestimated the market top for three of the previous market cycles which leads me to believe that we will have a +$120,000 BTC for this market top. What do you think of this indicator?
stocktoflowTrend Analysis

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