Global M2 Money Supply RSI Divergence Indication

This chart combines #Bitcoin price across it's entire lifecycle with a new divergence indicator I created for global M2 money supply. #M2 refers to a broad measure of the total money supply in an economy; an increase of which, is a harbinger of a new flows into assets such as equities and crypto.

The lower panel displays a classic #RSI (relative strength indication) albeit applied to the aggregate of the M2 money supply for all major economies in the world. I've spent a number of years fine tuning a 'divergence' indicator for RSI which I'm now able to successfully apply to this GM2 RSI signal.

The net result when applied to the Bitcoin chart are the clusters of arrows that occur at points of divergence detection. As is evident from the chart these align extremely well with Bitcoin cycle bottoms and serve to complement the existing indicators that I use for bottom detection.