The Puell Multiple is going to be the key for knowing when the cycle top is reaching its conclusion. Is it going to tell us the week or the day? of course not this is one of the reasons the Pi Cycle failed because there will never be a model that gives you the exact date of future events unless you discovered a crystal ball in that case DM me.
So with Puell , we can get a possible idea of the cycle top, you can see clearly that whenever we reach Extreme Zone 2 (Yellow Circles) a cycle top is reached. Also this area I marked in red has a lot of confluence, price reacts very aggressively in this area , last cycle those 40% pullbacks touched this area time and time again.
At the moment we have come right down to this confluence area so a big move is building up in the background. When price broke above this confluence area last cycle , it took 230days to reach cycle top if the cycle repeats the cycle top would land somewhere in August 2021. Something to keep in mind also is that whenever we broke past Extreme Zone 1 (blue box area) price peaked within on average of 21 days , things move very quickly once we enter this zone.
www.lookintobitcoin....arts/puell-multiple/
So with Puell , we can get a possible idea of the cycle top, you can see clearly that whenever we reach Extreme Zone 2 (Yellow Circles) a cycle top is reached. Also this area I marked in red has a lot of confluence, price reacts very aggressively in this area , last cycle those 40% pullbacks touched this area time and time again.
At the moment we have come right down to this confluence area so a big move is building up in the background. When price broke above this confluence area last cycle , it took 230days to reach cycle top if the cycle repeats the cycle top would land somewhere in August 2021. Something to keep in mind also is that whenever we broke past Extreme Zone 1 (blue box area) price peaked within on average of 21 days , things move very quickly once we enter this zone.
www.lookintobitcoin....arts/puell-multiple/