TomCrown
Bitcoin, Deja Vu - Leverage Ratio Vs. Price
A very SPICY set up on bitcoin, call it Deja Vu. During the May through July Correction, bitcoin price and estimated total leverage ratio moved inversely. Price consolidated while holding support, and sentiment tanked to nearly all time low levels. Recently we see a familiar set up forming. Bitcoin price is consolidating after an impulse move to the downside. Total Leverage Ratio is trending up. The same play, on a different day. Extra Spicy note: This time, unlike last time, we see a new all time high in ratio. Could this be a sign of an even BIGGER move to come? This analyst, says yes.