A lot of people are panicking because the Pi cycle top indicator is very close to crossing and every time its crossed within 3 days its called the cycle top, but what we have to keep mind is that this was created after all the cycle tops , so its the first time it will actually be used during a bull run.
We are just under 3% measurement to cross if we compare that to the last cycle 3% measurement we can see that the Pull Multiple was showing that the price was on its last phase going into extreme level 2 zone.
Now take a look at the Pull Multiple at present date ,we have not even entered the extreme zone 1 let alone 2 this for me shows that there is a massive measurement difference between these two cycle top indicators for the first time.
I believe that the Pi Cycle will fail to pin point the top and we will see a sort of double cross appear within a short time , the puell Multiple is the one to really keep an eye on this year.
lookintobitcoin.com/charts/puell-multiple/
lookintobitcoin.com/charts/pi-cycle-top-indicator/
We are just under 3% measurement to cross if we compare that to the last cycle 3% measurement we can see that the Pull Multiple was showing that the price was on its last phase going into extreme level 2 zone.
Now take a look at the Pull Multiple at present date ,we have not even entered the extreme zone 1 let alone 2 this for me shows that there is a massive measurement difference between these two cycle top indicators for the first time.
I believe that the Pi Cycle will fail to pin point the top and we will see a sort of double cross appear within a short time , the puell Multiple is the one to really keep an eye on this year.
lookintobitcoin.com/charts/puell-multiple/
lookintobitcoin.com/charts/pi-cycle-top-indicator/
Note
Double cross on the Pi Cycle has happened as predicted.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.