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Title: Pi cycle top indicator just crossed Post by: FightThePower on April 13, 2021, 07:15:48 AM The pi cycle top indicator just crossed. Is this the top of this cycle? If BTC topped out now it would invalidate S2F alongside every other long term trend. This would be BTCs weakest post halving bull run in history so far.
How serious do you think we should be taking the pi cycle top indicator? False signal? Or are we really topping out with a mere 150% increase from prior ATH Title: Re: Pi cycle top indicator just crossed Post by: Poker Player on April 13, 2021, 07:55:47 AM The post you wrote would be more complete if you had put a link and/or a summary of what the Pi Cycle is.
For example: Pi Cycle: Is the Bitcoin Bull Run Coming to an End? (https://beincrypto.com/pi-cycle-is-the-bitcoin-bull-run-coming-to-an-end/) The Pi Cycle indicator very accurately predicted the end of the run in 2013 and 2017. The crossing of the two moving averages was a signal of an absolute top. With the current dynamics of price action, the cut may take place in just two weeks. I simply believe that this is a model like so many others, which may or may not be right. The fact that it has been right once does not mean anything. Title: Re: Pi cycle top indicator just crossed Post by: btcsmlcmnr on April 13, 2021, 09:34:54 AM Bitcoin broke $62k and is loading on the moon booster again. In short, Bitcoin bull run is continuing but where it will stop and turn to bearish is unknown.
15 % or 20% from $62k is possible destination target for bitcoin. Higher, up to $100k, I don't know. $71k to $74k can be the cap for this round. |