As an analyst with a background in economics and finance, I find Willy Woo’s analysis of global liquidity and its potential impact on Bitcoin prices intriguing. His expertise in on-chain analysis and unique perspective gained from his transition from traditional finance to the crypto space make him a highly respected figure in the cryptocurrency community.
As a crypto enthusiast and follower of the market trends, I can’t help but be impressed by Willy Woo, a renowned figure in our community. Known for his data-driven analysis and accurate forecasts, Woo is the mastermind behind The Bitcoin Forecast, an insightful newsletter that delves deep into the intricacies of the cryptocurrency markets. Having come from a solid background in traditional finance and trading, Woo joined the crypto scene in 2013, bringing along his wealth of experience and a distinctive analytical perspective.
As an analyst specializing in on-chain analysis, I’ve earned a reputation in the crypto community for my insightful perspectives. I created several influential analytical tools, including the Network Value to Transactions (NVT) ratio, which compares Bitcoin’s market capitalization to its transaction volume. This ratio is analogous to the price-earnings ratio used in traditional stock markets. My insights gained considerable attention during the 2017 crypto bull run and have continued to be highly valued throughout various market cycles.
As an analyst, I’d interpret Woo’s statement from 15 May 2024 as follows: On that day, I identified a bullish ascending triangle pattern in global liquidity, which consists of the M2 money stocks for Chinese Yuan (CNY), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). Based on my analysis using Trading View tickers, I anticipate a breakout from this pattern before October 2024. This development could potentially lead to remarkable gains in Bitcoin during the year 2025.
As a crypto investor, I recognize the importance of Woo’s analysis in understanding the economic landscape. To fully grasp his perspective, it’s vital to familiarize yourself with what M2 signifies in economics. M2 is an expanded measure of the money supply that encompasses a wide range of liquid assets. It builds upon M1 (physically held cash, checkable deposits, and other easily accessible funds) by including savings deposits, small time deposits (CDs with under $100,000), and retail money market mutual funds. By broadening the scope of the money supply measurement, M2 offers a more comprehensive perspective compared to M1 alone, making it an indispensable tool for economists and policymakers alike.
As a crypto investor, I closely monitor the M2 money stock of major global currencies, including the Chinese Yuan (CNY), US Dollar (USD), Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). By assessing these figures, I gauge the overall liquidity in the global economy. My Trading View formula takes this a step further by incorporating the M2 money stock for each currency, adjusting it based on their respective exchange rates to the USD, and aggregating them to deliver a unified measure of global liquidity that I can use to inform my investment decisions.
The technical analysis pattern referred to as “bullish ascending triangle” by Woo indicates a possible price surge for Bitcoin. This pattern is identified by a succession of lower highs that give way to a rising trendline, and the merging of this trendline with a horizontal resistance line. When the price finally surpasses the resistance line, it usually signals the start of a robust uptrend. Woo’s belief in an imminent breakout before October 2024 implies his expectation that there will be substantial increases in global financial fluidity, potentially causing Bitcoin prices to soar.
Woo’s prediction that “Bitcoin in 2025 will go down in history” indicates his belief that these market conditions will greatly benefit Bitcoin, possibly resulting in record-breaking price peaks.
As an analyst, I’d emphasize that Woo’s insights shed light on the crucial connection between global liquidity and asset prices, including Bitcoin. By keeping a close eye on M2 money stock developments and their potential impact on liquidity, investors can uncover valuable clues about upcoming macroeconomic trends that could shape the cryptocurrency market. My analysis aligns with Woo’s perspective, emphasizing the intricate web of global financial systems and the substantial influence that liquidity wields over market fluctuations.
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2024-05-16 13:48