PI Cycle Top in BTC to the day!

アップデート済

The PI Cycle Top has nailed the top in 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 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
- price peaks on same day of direct listing; as a proxy seems to have peaked out already

So unless can swing past , it looks like the bears could be awakening from hibernation here.

Should a major bear market commence, expect prices to decline all the way to trendline support of $6000-$8000 range...

トレード稼働中

Here comes da pain...