not sure what to make of this ?
On other price charts for BTC the PI Cycle lines are apart by roughly $800 somewhere around the 75% level, looking back at the hitorical data when the PI reaches the 75% range we have seen a rather large parabolic move upwards leading to a cross and then a double cross and a period of cooling, there is not however enough historical data to judge the 2017 pi cycle on the CME. Generally I like to use the CME chart for certain ingicators such as the ADX, DMI and Momentum on higher time frames because the readfings can be alot cleaner, I liken it to switching to the Hikin Ashi candals to weed out noise on youre indicators making them closer to a leading indication or maybe a very closely trailing indication. My question for the masses is are the PI moving averages toughing early bnefore the last run up or are we getting a legitimate cross of the PI on the correct time frame.
My 2 senarios are as follows. Senario number 1 is the CME serves as a leading indication for the PI cycle and we should expect a move upwards and a cross very soon ... next week followed by a cooling period where we will then debate the issue of a double top cycle IE. 2013 or a single cycle IE. 2017 price projection for this move is somewhere in the range of
73K - 
88K with some prolonged downside following
Senario 2 and my bias for this idea the CME just like its name implies represents future price action... (duh) we are seeing a cross on the PI cycle now on the CME but will see a true cross on the BTC price in 1 week (this is the weekly futures chart)
Id like to know what u all think about this data
My 2 senarios are as follows. Senario number 1 is the CME serves as a leading indication for the PI cycle and we should expect a move upwards and a cross very soon ... next week followed by a cooling period where we will then debate the issue of a double top cycle IE. 2013 or a single cycle IE. 2017 price projection for this move is somewhere in the range of
73K - 88K with some prolonged downside following Senario 2 and my bias for this idea the CME just like its name implies represents future price action... (duh) we are seeing a cross on the PI cycle now on the CME but will see a true cross on the BTC price in 1 week (this is the weekly futures chart)
Id like to know what u all think about this data
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.