Replying to Avatar Laser

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.

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Laser 7mo ago

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.

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Discussion

63
nobody 7mo ago

You are my new TA guru. Can subscribe to your substack?

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Marc Kat 7mo ago

I remember you saying this. You were correct almost down to the penny.

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PaddleManJoe 7mo ago

There is only stacking.

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Laser 7mo ago

Yes.

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Laser 7mo ago

Like I suspected, we failed to establish a parabola, and now are looking to "build up over May/June/July/Aug timeframe (would be a cute reverse HaS pattern). 📈"

#Bitcoin

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