As many tried to call the bottom in the past days with past indicators and just failed as right now the situation seems to be too extraordinary and its completly different than it has ever been for Crypto in a 13 year history. Reasonably so as we are nearing double-digit inflation and a massive recession.
Today, Im gonna take a look at the Pi-Cycle Bottom indicator that could be big in the upcoming days, as the indicator so far could predict all the bottom with a precise date. To simplify, once the Red line (150 EMA) crosses the blue line (471 ) the bottom is in. Right now the red line is set to cross the blue line on July 11th/12th. In just a few days, so are we really that close?
The Pi-Cycle Bottom Indicator (pic from TheRealPlanC , Twitter)
A bottom in the next days may seem impossible as the whole year is basocally left and we will likely just see bad stuff happening such as a recession at the end of July, so it cant be? Well right now it seem like people are getting euphoric on a fake pump, the unfolding of that pump could cause real havoc to under 16k if it really is supposed to be a exit plan of some whales.
Also just as you can see in 2013, even after the bottom we could crab in the same range for months coming and that seems the only way this indicator does not fail but anyway we would need to see one of teh worst days of crypto in the coming days to make this happen.
Pi-Cycle bottom will likely fail but it once again illustrates how different this times are and that you can not predict the bottom just like that currently as there is way too much macro uncertainty that crypto and possible even stocks did not saw for a looong time.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments