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Another massive piece of confluence.
OIL just gapped up 11%... the largest gap ever, and broke its almost 4 year downtrend.
And when we compare Bitcoin, OIL, and PMI, we see a striking correlation.
They all move in absolute lock step.
It is not a surprise that OIL performs well in times of ISM/economic expansion.
And I just don't understand why everyone is fading it so hard.
All the pieces of the puzzle are forming into their places at the exact same time.
We can see here that in the previous cycles, when OIL breaks out its trend, Bitcoin has pushed for 500 - 600 days.
And OIL continues to push the whole time ISM is in expansion.
Look at the red circles... they are cycle highs.
Does that look like where we are?
Or does it look like we are at the green circles?
Its very clear.
Are you really going to try and kid yourself over and over that OIL just had its longest consolidation ever, and so did ISM?
Every single one of these broad macro charts is saying the same thing to you.
And yet, the majority just ignore them and think "$30k soon".
I literally just chart these things... i have no control over how it looks.
I have no bias, it simply is what it is.
And all it says it that its all going much higher.
I am just the messenger.