Having kept a close eye this last 2 years on the Stock to Flow for BTC, I had noticed each time the S2F spiked on the 2W chart, a large move in price action shortly follows.
As BTC broke the recent 17.5 bottom and formed a lower bottom at 15.5, there was a significant spike in the S2F data as shown on the chart.
Awaiting more data with the S2F Model Value to spike as it has many times previously.
This could be seen as some relief and good news for the miners.
Happy Trading!
As BTC broke the recent 17.5 bottom and formed a lower bottom at 15.5, there was a significant spike in the S2F data as shown on the chart.
Awaiting more data with the S2F Model Value to spike as it has many times previously.
This could be seen as some relief and good news for the miners.
Happy Trading!