At the current rate of speed of the delta b/w the two momentum numbers of the hash ribbons signal - we will have a Blue Circle buy signal on or around August 7th according to the latest run rate numbers.
Of course there are more than a few variables that go into this calculation. The current delta is 4.5 million and it's been decreasing on average by 1.5 million per day with a standard deviation of 350k.
This Blue Circle indicator has been the MOST reliable signal of oncoming new ATHs. 10 out of 11 Blue Circle buys produced new macro local highs and ALL ATHs of any previous bull market cycle including the current one we're in.
Buckle up boys as we're about to produce the 12th installment. 12 is considered a number of governmental perfection interestingly enough - the stated aim of Bitcoin ideologically - to create perfection without arbitrary and imperfect human involvement i.e. the actual optimal form of government.
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And the one time that the Blue Circle did not produce a new macro high was b/c March 2020 was impacted by Corona - although had Corona not happened, BTC was actually well on its way to producing a new macro high.
So in reality this indicator has predicted 100% of new macro and new ATHs