MACD cross on BLX monthly - Pop goes the evrything bubble
This MACD monthly cross is consistent across the cyrpto market.
The everything bubble is popping. Its crazy to think that ape jpegs bought for millions wont be sold for billions tomorrow, but alas all cycles must come to an end at some point.
The Fed has been reducing the M2 money supply every month and will end the stimulus completely by March. All cohorts except for one (corporate insiders) are net long and leverage is at all time highs. Virtually every metric there is has hit all time highs and all risk assets are extremely overvalued (why insiders having been dumping their shares this past year).
The last time the MACD crossed like this on the monthly was the 2018 bear market. No reason to expect anything different this time. Time to sell those jpegs while you still can.
The everything bubble is popping. Its crazy to think that ape jpegs bought for millions wont be sold for billions tomorrow, but alas all cycles must come to an end at some point.
The Fed has been reducing the M2 money supply every month and will end the stimulus completely by March. All cohorts except for one (corporate insiders) are net long and leverage is at all time highs. Virtually every metric there is has hit all time highs and all risk assets are extremely overvalued (why insiders having been dumping their shares this past year).
The last time the MACD crossed like this on the monthly was the 2018 bear market. No reason to expect anything different this time. Time to sell those jpegs while you still can.
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