BTC is nearing its end. Either we fail at the local .702 retrace and fall into a deeper short time frame correction and reset this Pi Cycle indicator a bit, or we go for a blow off top. If we continue to climb here without any major corrections we should see the end of the BTC move and we will enter another bear market. I believe as we reach this blowoff top money will flow from BTC into alt coins. I suggest you get in position soon as the ROI for BTC is done. This is NOT financial advise, but the chart does NOT lie. For the new traders out there, I will keep it simple. When those two green and orange lines cross, the top of Bitcoin is in.
Another Idea is this fractal of 2013 repeats, where we get a blow off top indicator twice. Similar in 2013 we had the first top in April 2013, followed by a retrace for a few months, then a push to another Pi Cycle top. This is possible. What we see after that is a very long bear market.
I agree with your analysis. We have been in a bull run ever since we corrected down to 3500 from the previous ATH of 18k in the last cycle. My question for you is - Where do you anticipate the bottom will be for the next bear market? Do you see it correcting to say 8k-10k range?
airbub
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Why didn’t you set the second set of fibs so that 0.236 was aligned to the 2017 top, the way that 0.236 is aligned to the 2014 top?
I’m watching the pi top indicator as well though, it does look like they’re going to cross soon. But that’s just one indicator.
CryptoFutureLA
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@airbub, I wouldn't put too much emphasis on the fibs. I was looking at interesting ways to draw them that made sense. This is more about Pi Cycle tops. They have been right every single time.