ISM just hit 52.6, which is the first expansion in 12 months🔥
Why does this matter?
- July 2020, ISM flipped above 50
- Gold was ripping, $BTC was lagging
- Few months later, gold topped out
- Then BTC went 6x while gold bled
We're not there yet. IMO gold still has room to run as uncertainties at global levels are at a high. History says watch for the rotation. BTC’ already shaking out weak hands.
The setup is forming as the conditions are aligning.
Patience


another leg down after this bounce before we find cycle bottom
Don't need to time the markets my fren. DCA is the real king
BTC gonna win eventually
Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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