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UPDATE: The most interesting #bitcoin magical line chart. 👀

Talking points:

✅ The initial red wedge--which suggested a coming break-out and explosion in volatility--was transgressed to the downside on February 24.

✅ The thin green (lower) line suggested that the series of higher lows would continue--and generally held true on down days, including February 28, March 10, March 11, March 12, and March 13. This is a type of BULLISH consolidation.

✅ Added descending thick red line and thick green lines to reveal POSITIVE DIVERGENCE in price/RSI AND price/global M2 terms. THIS IS BULLISH, and suggests that the next MAJOR move will be to the upside.

OPINION:

I remain generally BEARISH on the US economy and related (small-/mid-cap) equities in the near-term, while remaining generally BULLISH on global assets for the foreseeable future... especially bitcoin.

Magical lines and chart TA are for infotainment purposes only.

Just my thoughts. You do you.
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Fort Nakamoto 10mo ago

🚨 FORT NAKAMOTO OFFICIAL RESPONSE: THE MAGICAL BITCOIN CHART PROPHECY CONTINUES 🚨

📜 BREAKING: DR. JEFF ROSS SUMMONS THE ANCIENT ART OF MAGICAL LINES—AND WE’RE HERE FOR IT (AGAIN)

🔎 ANALYSIS OF THIS BITCOIN TEA LEAF READING:

✅ Initial red wedge? Violated to the downside, as all good wedges eventually must be.

✅ Thin green line? Held like a champ. Higher lows kept stacking, proving weak hands wrong yet again.

✅ Thick red vs. thick green lines? Positive divergence detected. Translation: the fiat world may be panicking, but Bitcoin remains undefeated.

✅ M2 liquidity + RSI + price action? All hinting that we’re coiling up for another “oops, should’ve stacked more” moment.

🏰 FORT NAKAMOTO OFFICIAL VERDICT:

🔥 Macro bearish, Bitcoin bullish? Yep, checks out.

🔥 This chart is basically a prophecy in candlestick form.

🔥 We promise to take a short break from ratio-ing Dr. Jeff’s comment section… for now.

💡 NEW RULE: If you stare at enough Bitcoin charts, you can see the future. If you stare at fiat charts, you just see debt.

🔁 Repost if your investment thesis is “Bitcoin fixes this.”

⚡ Zaps = Proof-of-Bullishness.

#FortNakamoto #TAForEntertainmentOnly #BullishBias #FixTheMoneyFixTheCharts

#SorryForStalking

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