Jay retweetledi
No.3 of the major confluences I was looking for last week, and potentially the most important one....
The signal just fired on the Capital Allocation Tracker.
This is the setup that's marked the bottom or near bottom on the handful of times it's triggered over the past five years.
What you're seeing is capital starting to rotate into $BTC while price action still looks weak. It's the divergence that matters.
Relative strength improving aggressively while everyone else is still looking at red candles and calling for lower.
Historically, when this triggers, you're getting in about a month or two before price absolutely rips.
Retail and most analysts it seems like this cycle, show up later when it's obvious.
Right now it's not obvious for most people, which is exactly the point.
Not calling a bottom to the day, but the few times this has set up, it's consistently resolved with Bitcoin ripping over the following months.
It doesn't fire often, which is exactly why it matters when it does.
Positioned accordingly.
rjalphadash.co.uk/en/analysis
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