Is something wrong? The halving come early?
Updated
We are looking at a chart of bitcoins entire history against the stock to flow. The stock to flow is the orange line that price action tends to follow. The green line on the lower part of the chart with the what looks like speed bumps in is the deviation of the stock to flow. Well, the deviation in the past has made moves higher almost precisely the halving. Yet here we are over a year away from the halving and it's signaling something. What is it saying? or could it possible be broken? or is there another underlying issue?
Let's take a look.
First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious?
Only time will really tell the answer to that. From what I see , I think we are waaay over sold,
so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy.
Legend
S2F Model Value
S2F Bands Deviation
RSI
let me know what you think in the comments below
Thanks for looking
WeAreSat0shi
Stay Blessed!
The RSI is also the most oversold
Let's take a look.
First off the stock to flow is sitting right at 52.6k and right now and the price of bitcoin is at roughly 16k. This is the biggest deviation from the stock to flow it has ever had in a bear market. The price now is so detached from the S2F that it could be literally telling us that bitcoin could be as cheap to by right now as it is right before a halving. This is all backed up by the RSI indicator on the bottom that is showing us bitcoin has never been this over sold on the monthly ever before. OK, BUT WHY? why is it so cheap right now? Good old fashioned fear could be the answer. Or is there something else wrong? Is it something nefarious?
Only time will really tell the answer to that. From what I see , I think we are waaay over sold,
so much that the S2F has deviated more than ever and the RSI says the same thing. So does this mean the bottom is in and we won' t go lower ? No, we actually can go lower, What it could mean is that this a very rare anomaly that might just might never happen again. It could be the norm in bitcoins future as it grows. Or it could be the buy of a lifetime and could explode higher in the weeks. One this for sure... it's a damn good time to buy.
Legend
S2F Model Value
S2F Bands Deviation
RSI
let me know what you think in the comments below
Thanks for looking
WeAreSat0shi
Stay Blessed!
The RSI is also the most oversold
Note
this has really gotten crazy now!!tradingview.com/chart/ucQvZ4n1/
Note
Another look at the price action and S2F over the BTC log regression bands, very interesting stuff here.tradingview.com/chart/TFEVmHRg/
Note
Bitcoin is breaking all the rules when it comes to the stock to flow and the bands this bear market. It's telling us that it's waaay to cheap right now. Take a look at the live chart the S2F band is really breaking upwards big now.
tradingview.com/chart/ucQvZ4n1/
Note
The anomaly in the S2F has now almost flattened back out. So, we have our answer now. Nothing broke, Bitcoin was just to cheap, in fact it was so cheap that the S2F was mimicking what it does after a halving and the supply shortage out paces the price. Hope you bought the dip! 2023 might not be as bad as the "experts" are saying.Note
Note
Stock to flow is going crazy again!!!!Note
zoomed in a little
tiktok.com/@wearesat0sh1
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