It sure worked perfectly during Bitcoin's (BTCUSD) first Cycles, but the Stock-to-Flow model has greatly diverged from the current price action since March 2024.
Right now the model sits at around $750000, which is vastly above the current market price of $119000. It's been trading sideways actually since June 2024 and all of the times that it was ranging, Bitcoin eventually caught up and closed the gap.
It has always been a 'story' of divergence and convergence but it sure seems unrealistic to catch up this time, especially during if this Cycle continues to follow the 4-year model.
So what do you think? Should we still trust what seems more and more like an 'obsolete' model as mass adoption kicks in? Feel free to let us know in the comments section below!
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Right now the model sits at around $750000, which is vastly above the current market price of $119000. It's been trading sideways actually since June 2024 and all of the times that it was ranging, Bitcoin eventually caught up and closed the gap.
It has always been a 'story' of divergence and convergence but it sure seems unrealistic to catch up this time, especially during if this Cycle continues to follow the 4-year model.
So what do you think? Should we still trust what seems more and more like an 'obsolete' model as mass adoption kicks in? Feel free to let us know in the comments section below!
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.