Another possible indicator... by toofasteddie

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hive-167922 · @toofasteddie · Jul 19 '22

$4.42

Another possible indicator...

### ...indicating the bottom is IN.

It is a chart published by [Will Clemente](https://twitter.com/WClementeIII/status/1549385599609618436) which is being discussed right now on twitter:

![image.png](https://images.hive.blog/DQmaWV5d2dDjFs4BdKuqCjwxYRVywWszZEA2EUbdj3BWeaH/image.png)

Apparently, the total sum of relevant stable-coins divided by the total market cap would indicate that these have reached their maximum accumulation and so, in theory, according to historical data, a new rally should be about to start...

Although the relationship seems evident, we also do not know how many of these stablecoins have disappeared in the form of FIAT money.
And also, I think that for the price of BTC to rise, not only must these stablecoins be "transformed" into BTC, but there must also be FIAT entries from abroad to the market buying crypto in general,  and I haven't seen this yet...

It must also be said that perhaps we do not have enough historical data to corroborate this effect. Above all, we have never been so close to an economic recession in the history of crypto.

Anyway, it's interesting to see if the prediction comes true...

What do you think?

@toofasteddie

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@toofasteddie/another-possible-indicator)

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dalz.spkcc	1,958,032,853	25%

@criptoar · Jul 19 '22

$0.08

El canal deberia ser horizontal, no?

Interesante ver como con las emisiones de usdt, con un bitcoin bullish, han producido un grafico de canal ascendente.

Que el canal sea ascendente que implica, inflacion?

Ahora que pasaria si siguen emitiendo usdt, las velas saldrian del canal?

Si se respeta el canal, el proximo impulso de Bitcoin deberia ser por entrada de capital Fiat, ya no hay juego para seguir emitiendo usdt, por eso por ahi se demore en el tiempo.

Que piensas?

👍 toofasteddie, criptoar

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@toofasteddie · Jul 19 '22

Ni idea

👍 criptoar

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@criptoar · Jul 19 '22

Me encanta tu respuesta

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1 reply

@henry897 · Jul 20 '22

I think we should wait till August

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@movingman · Jul 19 '22

$0.06

I think its the bottom for now, until the 130,000 btc get put on the market from mount gox isit?! August happening?

👍 toofasteddie

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@toofasteddie · Jul 19 '22

already in calendar 😃

👍 movingman

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