BLX and the Global Economy
Using as a reference tool to compare the growth of Bitcoin (BLX chart) with the Global Economy as a metric and finding a solid bottom for the Global Economy metric at the 1.618 retracement in late September 2023
BLX (orange/white) candles
Global Economy (blue/white candles)
Global Economy Includes:
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US total assets
Central Bank Assets for Euro Area * Euro to US Dollar Rate less Reverse Repurchase Agreement (Reverse REPOs) less Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account
China Central Bank Balance Sheet * Chinese Yuan to United States Dollar
Total Assets for Japan * Japanese Yen to United States Dollar
NOTE: I have never tried to run a compare in Tradingview so I hope that the BLX compare continues to run alongside with the Global Economy. If this does not run in tandem I will update with monthly snapshots as a feel that this is an important metric in measuring how closely BTC could outpace or under-perform the Global Economy as whole.
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BLX (orange/white) candles
Global Economy (blue/white candles)
Global Economy Includes:
-------------------------------
US total assets
Central Bank Assets for Euro Area * Euro to US Dollar Rate less Reverse Repurchase Agreement (Reverse REPOs) less Liabilities and Capital: Liabilities: Deposits with F.R. Banks, Other Than Reserve Balances: U.S. Treasury, General Account
China Central Bank Balance Sheet * Chinese Yuan to United States Dollar
Total Assets for Japan * Japanese Yen to United States Dollar
NOTE: I have never tried to run a compare in Tradingview so I hope that the BLX compare continues to run alongside with the Global Economy. If this does not run in tandem I will update with monthly snapshots as a feel that this is an important metric in measuring how closely BTC could outpace or under-perform the Global Economy as whole.
▀▀█═╡🤡╞═█▀▀
Note
what the heck??? here I thought that compare wouldn't continue but now it's price that isn't moving. tradingview published ideas are bootleg sometimes but I promised to update with snapshots......and so far it seems that Bitcoin is more bullish than the global economy
Note
my bad, I did say I would update this periodically. as predicted, Bitcoin obviously outperforming the global economy💪
Trade active
global economy and Bitcoin looking kinda scrub
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.