SUMMARY OF 2023 MACRO REPORT BY DELPHI 🚨
Here's a short breakdown of what I deemed as the most important points, and my favourite pictures to go with.
Grab a cup of coffee and read on!
Full Summary can be found here: 0xkyle.substack.com
Here's a short breakdown of what I deemed as the most important points, and my favourite pictures to go with.
Grab a cup of coffee and read on!
Full Summary can be found here: 0xkyle.substack.com
1/
Price Wise:
- $BTC down ~76% from ATH, prev peak-to-trough is 85%
- $BTC now trading 2 s.d below long-term trend
- Previous bottoms was at oversold territory on 14-month RSI & 200 week MA
- If cycle follows previous, expect consolidate into q1 2023 before bottom
Price Wise:
- $BTC down ~76% from ATH, prev peak-to-trough is 85%
- $BTC now trading 2 s.d below long-term trend
- Previous bottoms was at oversold territory on 14-month RSI & 200 week MA
- If cycle follows previous, expect consolidate into q1 2023 before bottom
2/ Macro
- Liquidity has strong trend with business cycle, which drives asset prices ; thus liquidity drives equities
- Reversal in global liquidity thus necessary for bull market -there are signs of a potential bottom in the global liquidity cycle
- US & China biggest drivers
- Liquidity has strong trend with business cycle, which drives asset prices ; thus liquidity drives equities
- Reversal in global liquidity thus necessary for bull market -there are signs of a potential bottom in the global liquidity cycle
- US & China biggest drivers
3/
- It's always been about liquidity
- If we expect liq cycle to turn, we'd expect to see a reversal in $USD
- It's always been about liquidity
- If we expect liq cycle to turn, we'd expect to see a reversal in $USD
4/ Overall
- Believe 2023 to be accumulative period, and if follows past cycles, to consolidate into Q1 2023 before a clear bottom.
- Base case is bulk of move occurs in 2024-25
- Liquidity should start to improve in Q1-Q2 2023
- Crypto and equities to remain correlated
- Believe 2023 to be accumulative period, and if follows past cycles, to consolidate into Q1 2023 before a clear bottom.
- Base case is bulk of move occurs in 2024-25
- Liquidity should start to improve in Q1-Q2 2023
- Crypto and equities to remain correlated
5/
There are a lot more useful tips but these were, in my opinion, the most value-additive ones.
If you liked it, do subscribe to my substack / follow me to keep up to date!
Also you can like / retweet the first tweet to show your support <3
There are a lot more useful tips but these were, in my opinion, the most value-additive ones.
If you liked it, do subscribe to my substack / follow me to keep up to date!
Also you can like / retweet the first tweet to show your support <3
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