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#Bitcoin-only #Memes #AustrianEconomics #noderunner 🕳️🐇

Hash ribbon buy signal fired and global M2 money supply making new ATH. Two of the most reliable bullish indicators for #Bitcoin.

VS

Uptick in exchange reserves due to Mt. Gox bitcoin being sent to exchanges. Temporary selling pressure.

Don't be a fool and panic sell due to temporary FUD. This has always been a bad strategy.

Looks like miner capitulation is over. Hash ribbon signal soon.

In addition global M2 pushing for new ATH.

Mt. Gox panic sellers will get rekt soon.

In a fiat world, the urgency is on every government to manage the money so their zombie companies don't die and cause the economy to go into the toilet.

In a #Bitcoin world, the urgency is on companies to prove their worth to the marketplace.

Bitcoin doesn't socialize risk.

The world keeps crashing, while #Bitcoin keeps hashing.

The worlds keeps crashing, while #Bitcoin keeps hashing.

#Bitcoin is like a bootstrapping system to bring new energy sources online.

I rarely post technical content, as I prefer focusing on #Bitcoin fundamentals rather than price movements. However, the current technicals are aligning to form an extremely bullish outlook.

The weekly RSI level has often acted as a support/resistance level in Bitcoin's history. Additionally, miner capitulation is underway, which is usually followed by a hash ribbon buy signal - a historically strong indicator. There's also potential bullish divergence on both the weekly and monthly charts. Furthermore, the monthly chart is just holding above the last cycle's all-time high (candle closing, see second picture).

Those selling now will likely regret it in a few months.