Way more bullish now than last week! Feels like we've been watching paint dry this whole decade.
I'll say what almost nobody in this space will say right now: I'm bullish. I literally don't care.
At the highest fear we've seen, with every chart looking absolutely horrendous, I'm bullish on crypto.
Oh well!
Call me the bad guy for it. I'm fine being that guy.
Almost no one is discussing these charts, and I will happily be the one to show them to you. Even if I'm wrong, I'm glad to be able to offer this data for consideration.
Start with copper/gold. Overlay it on PMI going back to 2012 and the correlation is almost uncomfortable.
Every PMI expansion, copper/gold turns up with it, and every one of those has lined up with a crypto bull market.
Right now copper/gold just reclaimed its 20-month moving average. It's turning on the macro.
Then the one that actually really matters. Take the altcoin market cap excluding the top 10. A small sliver of the entire market...
Lay it over PMI and it tracks cleanly, bear, bull, bear, bull.
PMI ticked up again two days ago, and that chart is expanding right now, in real time, in lockstep with it.
Altcoins are literally printing on the chart alongside PMI while everyone calls the space dead.
I'm not getting on the fear train while so many of these indicators are lining up the way they are.
I've built my businesses in this space. I'll ride it to zero if that's how it goes. I just don't think it goes that way.
Intro 00:00
Ethereum has been here 1:50
Cardano has been here 4:05
Copper / Gold 6:00
Watch this altcoin chart now 9:40
Liquidity rotation 12:20