I've started to see many on the TL correlating BOGMBASE to ₿itcoin.
It's the latest Global M2, Global Liquidity, IGV, ISM PMI, Gold correlation craze.
"BOGMBASE has the greatest correlation of them all".
These are all merely single indicators that show a correlation, not causation, for a brief period of time with ₿itcoin.
They’ve all been proven wrong many times over now.
Yes, I drank the kool-aid for a while as well.
I’ve been tracking all of these for many years now along with the rest of my liquidity metrics.
BOGMBASE quite possibly has the WORST correlation of them all to
BTC, hitting just 55% of the time.
Only cycle it got correct was 2021 lol.
Can't believe CT is running with this one now 🤪
When will we ever learn?
Enough with these "leading indicators".
Just follow the BTC chart ;)
It's the latest Global M2, Global Liquidity, IGV, ISM PMI, Gold correlation craze.
"BOGMBASE has the greatest correlation of them all".
These are all merely single indicators that show a correlation, not causation, for a brief period of time with ₿itcoin.
They’ve all been proven wrong many times over now.
Yes, I drank the kool-aid for a while as well.
I’ve been tracking all of these for many years now along with the rest of my liquidity metrics.
BOGMBASE quite possibly has the WORST correlation of them all to
BTC, hitting just 55% of the time.Only cycle it got correct was 2021 lol.
Can't believe CT is running with this one now 🤪
When will we ever learn?
Enough with these "leading indicators".
Just follow the BTC chart ;)
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.