đ¨Market top or not top? đ¤
Read this analysis by @crypto_futur (Twitter )
Some people are probably wondering and it's quite normal to try to situate yourself in the cycle. Basically I wanted to talk to you about several indicators, but it would be too long, so we'll look at one that I often talk to you about and we'll come back to others later:
đ The Pi Cycle top
This is a simple indicator to read and that you can find on trading view by searching for:
đšPi Cycle Bitcoin top indicator
Each time the yellow MA 111 crosses the green MA 350*2, we have a market top signal.
Previous tops occurred in:
- April 2013
- December 2013
- December 2017
- April 2021
I also showed the performances between each signal.
Each time the price broke the previous top (red line), we had a parabolic phase that followed. đĽ
We have just entered this phase.
The green MA 350*2 is currently at 129k $BTC, which suggests that we could come and get, or even exceed, this target.
Since 2013, the Pi cycle top has accurately signaled market tops, but with the evolution of the market, one could wonder if it will always remain relevant.
What do you think?
Give your opinion in the comments, it is always interesting to compare them. đ
