As I published yesterday, the pi indicator crossing has correctly predicted the last three BTC cycle tops within 3 days of those tops. The pi indicator lines are green and gold on the chart, and the gap between these lines has closed by over $5k since Jan 1. The gap has narrowed by another $80 since yesterday, and now stands at $1.98k. At this rate, the crossing should occur in roughly 25 days, suggesting a BTC top in 28 days, which would be many months earlier than in other cycles, but given the volatility and parabolic nature of BTC up trends, we could go to $100k+ before hitting a top. Who knows?
It's possible there's a double top in this cycle, since the character of the investors has changed considerably since the last top/dump. Or perhaps this time the pi crossing will not indicate a top. I'm bullish and very long BTC, but the pi indicator has been extremely accurate in predicting tops, so I'm watching it closely.
On a side note, notice Bollingers on 1D are creating a somewhat narrower channel, but other timeframes should be analyzed depending on your trading time horizon.
It's possible there's a double top in this cycle, since the character of the investors has changed considerably since the last top/dump. Or perhaps this time the pi crossing will not indicate a top. I'm bullish and very long BTC, but the pi indicator has been extremely accurate in predicting tops, so I'm watching it closely.
On a side note, notice Bollingers on 1D are creating a somewhat narrower channel, but other timeframes should be analyzed depending on your trading time horizon.