PI Cycle Top in BTC to the day!
מעודכן
The PI Cycle Top has nailed the top in 
BTC TO THE VERY DAY!
Even the creator of this indicator doesn't believe 100% that the top is really in which is a great contrarian sign.
Coupled with a now very strong downturn in the weekly MACD which has historically preceded major downturns / bear markets.
Let's also consider the following:
- Massively bullish sentiment across news media, large banks, trading/investment firms all calling for $100-500k prices
- Ethereum making fresh ATH whileBTC has stopped making new ATH. Same occurred in late-2017/early-2018
- Speculative mania across many shitcoins; 13-year old kids riverboating DOGECOIN, etc.
- Launch of several new ETF products intended to suck in dumb money right before a major spill
-BTC price peaks on same day of 
COIN direct listing; 
MSTR as a BTC proxy seems to have peaked out already
So unlessBTC can swing past 
65K, it looks like the bears could be awakening from hibernation here.
Should a major bear market commence, expectBTC prices to decline all the way to trendline support of $6000-$8000 range...
BTC TO THE VERY DAY!Even the creator of this indicator doesn't believe 100% that the top is really in which is a great contrarian sign.
Coupled with a now very strong downturn in the weekly MACD which has historically preceded major downturns / bear markets.
Let's also consider the following:
- Massively bullish sentiment across news media, large banks, trading/investment firms all calling for $100-500k prices
- Ethereum making fresh ATH while
BTC has stopped making new ATH. Same occurred in late-2017/early-2018- Speculative mania across many shitcoins; 13-year old kids riverboating DOGECOIN, etc.
- Launch of several new ETF products intended to suck in dumb money right before a major spill
-
BTC price peaks on same day of COIN direct listing; MSTR as a BTC proxy seems to have peaked out alreadySo unless
BTC can swing past 65K, it looks like the bears could be awakening from hibernation here.Should a major bear market commence, expect
BTC prices to decline all the way to trendline support of $6000-$8000 range...עסקה פעילה
Here comes da pain...
כתב ויתור
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