Dr. Jeff on Nostr: UPDATE: Revisiting the current *most interesting* chart. 👀 Though partially ...
UPDATE: Revisiting the current *most interesting* chart. 👀
Though partially transgressed (see first "Hello." in early September 2024), the magically drawn line still generally holds.
Few understand that the point of drawing such lines is the narrative they are explaining. The line itself--though magical--is meaningless.
I can't promise that the narrative will continue, but I remain generally bullish on #bitcoin--and other global (ex-US) assets--despite the major synthetic short-term ugliness in the US economy and US-based assets.
Based on the delayed effects of the global M2 monetary supply, I expect the tumultuous choppy sideways (crabbish) price action of #bitcoin to resolve to the upside anytime in the coming 0 to 5 weeks.
Until then... keep stacking while the sats are cheap!
Though partially transgressed (see first "Hello." in early September 2024), the magically drawn line still generally holds.
Few understand that the point of drawing such lines is the narrative they are explaining. The line itself--though magical--is meaningless.
I can't promise that the narrative will continue, but I remain generally bullish on #bitcoin--and other global (ex-US) assets--despite the major synthetic short-term ugliness in the US economy and US-based assets.
Based on the delayed effects of the global M2 monetary supply, I expect the tumultuous choppy sideways (crabbish) price action of #bitcoin to resolve to the upside anytime in the coming 0 to 5 weeks.
Until then... keep stacking while the sats are cheap!
quoting nevent1q…dg76UPDATED CHART:
nevent1q…dvvx