The yield curve is getting a lot of attention right now, and deservedly so. An inversion in the spread between the 10-year and 3-month Treasury yields has an unblemished record in anticipating recessions. But beyond that suite of indicators, there is actually evidence that macro conditions have stopped deteriorating.
Back in June, we published a report assessing the asymmetric opportunity to dollar-cost average into Bitcoin.
We concluded that mass liquidations driving Bitcoin back to levels last seen in 2017 represented a favorable opportunity for crypto investors to begin scaling into long-term spot positions.
In the almost exactly five months since then, Bitcoin has continued to creep lower, nearing 15,000. This price action validates the DCA strategy, and it looks even more favorable for long-term crypto investors.
Let's revisit the underpinnings of the strategy in light of recent history.
We retired our "Five Bull Market Barometers" in 2020 to make room for a new weekly post that's focused on the three most important charts for the week ahead.
This is that post, so let's jump into this week's edition.