Laser on Nostr: New #Bitcoin ATH at ~$109K after I called the local bottom on the week of ~$75K. From ...
New #Bitcoin ATH at ~$109K after I called the local bottom on the week of ~$75K.
From here we either fail to go higher and consolidate into a reverse head and shoulders, or, blast through failed shorts into a psycho parabola.
I suspect the former is more likely, but panic might set in to the upside.
Disclosure: I never trade #Bitcoin and neither should you.
Side note: pretty impressed with the reliability of the LMACD momentum; got it tuned pretty well here.
Local #Bitcoin bottom concluded exactly when I called it 3 weeks ago.
✅ Exploded through the SMA30.
✅ LMACD on 5th white candle.
✅ LMACD 12 (parabola) testing 26.
At the point new ATH is all but certain; either we get a short term parabola started this week or reject around here and build up over May/June/July/Aug timeframe (would be a cute reverse HaS pattern). 📈
Pretty impressed with LMACD as an indicator. Seems to give a strong medium horizon outlook. 🤔
Disclaimer: I never trade bitcoin.
nevent1q…8j5l
Published at
2025-05-21 16:23:58Event JSON
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