Technical indicators and all that bullshit from traders is useless, what is useful is to understand Bitcoin and Bitcoin is a proxy for global liquidity, it was designed for it, it is a punishment to money printing.

The formula is summarized in:

- Increased liquidity = Increased Bitcoin price.
- Decrease in liquidity = Decrease in Bitcoin price.

There is another very important variable which is adoption, but in the short medium term the most important thing for price variations is liquidity.

I am sorry to tell you that there is no more.

https://m.primal.net/ICMi.png  

 Technical soyanalysis: vodoo ritual for westerners 

 On the money ..

nostr:nevent1qqsfq0hk4784qul9jyvnczal59kcr8lagc7jnc882a4whxaeuz8kdxspzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtczyr70wzj9e75p064gzwum4z3ht4cn6vtf7j3870w2c02fzyklvlfhuqcyqqqqqqglq5vea 

 What's that chart on the bottom? Is that liquidity?  

 Orange shows dollar liquidity in the system, blue shows global liquidity m2.

Dollar liquidity:

U. S. Federal Reserve Balance Sheet (FED)

U. S. Treasury General Reserve Account (TGA)

Overnight Reverse Repurchase Agreements (RRP)

Money Supply = FED - TGA - RRP  

 Where do you find charts for these? 

 Correct. The system needs to constantly add liquidity to survive. 

 You Raoul Pal? 🤔 

 Yet will bitcoin have a value proposition besides number go up unless we fix the mining pool centralization ?