With the Bitcoin Pi Cycle Top Indicator (created by Phillip Swift) likely crossing in the next few days, does it mean a dump is coming? Historically, the Pi Cycle Top Indicator for Bitcoin was within 3 days of the top. Since we first started covering this indicator a few months ago, it may be time for an update! The global top for Bitcoin was 25 days ago, so unless Bitcoin goes back above $61.6k or so, and then has a major crash within the next week, then the cross of this indicator will not come within 3 days of a major local top. We will certainly keep an eye on this indicator, but we must remember that no indicators retroactively fit necessarily have predictive power, although they certainly could. Where do you see the price of Bitcoin headed in the next few days? Let me know in the comments!
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Just another day in the cryptoverse.
Tops were also always above the 2-y MA multiplier and many other indicators don’t agree… So agreed, this doesn’t look like a good predictive model if there is such a thing for crypto… BTC indicator should be taken with a grain of sat….
Hey Ben. Do you think the price crash from C19 can be the reason by the PI Cycle top is coming now and not at the “real top”?
@robertholmthomsen do you even watch his videos?
Cause if you did you’d know his answer
Ben – you have people impersonating you in the comments – I hope people aren’t stupid enough to fall for it…
My legitimate question is how do you personally account for things that have never happened before in our space until last year? Like all sorts of companies around the world buying crypto. Reason I ask is because we are using past data to help us along the way. But this data doesn’t count a lot that has been going on due to global economic issues.
NVT is still red
W•H•A•T•S•A•P•P
+•1•5•1•3•9•0•0•1•4•2•5•
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Blowoff top ? Been anemic for 2 months (4th wave)
No matter the arising a lot of people are successful and more yet to be successful
I have a high profiting ßít©oin Investment with Prof. Arthur Rafael Aybar no matter the knowledge I think I have acquired , his strategies and expertise is first class in maximizing profit
There are several new revision to this indicator. It’s basically tailored to the top after the fact. Check out this video https://youtu.be/DyteiyG1qYg
Seems it is not the TOP.
No matter the arising a lot of people are successful and more yet to be successful
I have a high profiting Crypto Investment with Prof. Arthur Rafael Aybar no matter the knowledge I think I have acquired , his strategies and expertise is first class in maximizing profit
The perfectly fitted PI cycle chart could not do prediction.
Glad you cleared that up. Seen so many misinformed panic comments over this.
W•H•A•T•S•A•P•P
+•1•5•1•3•9•0•0•1•4•2•5•
The fact the everyone is aware of the pi cycle “prophecy” will keep it from coming true. Reminds me of the “Hindenberg Omen” in 2010 that failed to materialize for the stock market once everyone knew it was coming.
4:00
Am i the only thinking the fake ben to be hilarious? 😂
@Benjamin Cowen thanks 😂
can you gander at RHODL Ratio?
It’s gonna cross next Wednesday when CoinBase goes public. Thoughts?
W~h~a~t~s~a~p~p~ F~o~r~ i~n~v~e~s~t~m~e~n~t~ a~n~d~ t~r~a~d~i~n~g~ 0~9~0~4~0~4~5~7~0~6~2
Jesus Christ
Moving averages show you if the market is overbought or oversold. The idea is to buy oversold and sell overbought. New highs and Now lows will tell you if there is a Top or Bottom forming.
A Lower High followed by a Lower Low is the TOP!
The PI top indicator is like Nostradamus predictions… totally useless and only applied retrospectively
Thanks for the most detailed explanation of Pi indicator
What if they just kiss and we continue to go up a lot more?
im 100% agree with You, people looking one indicator and they get freak out… is so many others indicators showing us we still in the bull market a prefer trust 5 then 1 . all best
they crossed.. What is 120 $ among friends?