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Local #Bitcoin bottom looking over. Momentum is reliably upwards.

✅ LMACD closing in, 3rd white candle.

✅ SMA30 breached at ~$88K.

I expect in the coming weeks the price discussion will center on recovering ATH.

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Laser 8mo ago

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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Discussion

2Pac 8mo ago

Should have went long on LNMarkets

Laser 7mo ago

I never trade.

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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