Ah, the theater of the absurd! Behold, the venerable Peter Brandt, a chartist of old, emerges from the shadows to cast a withering gaze upon the Bitcoin bull flag narrative. “Nonsense!” he declares, his voice echoing through the digital bazaar. “These young traders, with their makeshift rules, are but players on a stage, improvising a script that was written long ago.”
In a world where charts are sacred and rules are etched in stone (or at least in the dusty tomes of Edwards and Magee, 1948, and Schabacker, 1934), Brandt stands as a guardian of tradition. “Educational, not insulting,” he quips, though one can almost hear the faint tinkle of a satirical bell in his tone.
Meant to be educational here, not insulting, but
Newbies to price charting have the tendency to make up rules as they go
The rules have already been written
Edwards and Magee, 1948
Richard W Schabacker, 1934
Some call Bitcoin a flag
But not the founders of charting, thus not me– The Factor Report (@PeterLBrandt) April 16, 2026
The Sacred Texts of Charting
Brandt, with the air of a sage bemused by the folly of youth, took to the digital agora (formerly known as Twitter) to address the cacophony of retail traders and analysts. “A flag, they say?” he muses. “But tell me, have they consulted the ancient scrolls? Or do they merely squint at the stars and declare, ‘Behold, a pattern!’?”
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“A flag,” Brandt continues, his tone dripping with the sarcasm of a man who has seen too many false prophets, “must be swift, like a thief in the night. Four weeks, no more. Anything longer is but a charlatan in flag’s clothing.” He gestures to the current chart, a choppy, upward-sloping channel that has meandered for seven weeks. “This? A flag? Hardly. It is but a meandering stream, lost in the wilderness of uncertainty.”
According to the sacred principles of classical charting, a true flag is a fleeting pause, a moment of breath before the storm. “But these modern commentators,” Brandt scoffs, “they see a flag in every shadow, a pattern in every cloud. They forget that the founders of charting were not so easily fooled.”
And so, the veteran chartist stands firm, a bulwark against the tide of improvisation. “Follow the rules,” he intones, “or be swept away by the whims of the market. For in the world of charts, as in life, there are no shortcuts-only the path laid down by those who came before.”
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2026-04-16 22:59