Pi Cycle Top is closing in very very fast for BTC
Following Benjamin Cowens video on the Pi Cycle Top with regard to BTC. It looks like the cross may occur within the next few days depending on the rate of change continues. But this trend seems quite stable and strong (the closing in on eachother).
Can we still have an impulsive wave up? Or are we now going to see a big irregular correction (ABC/WXY) play out. I've drawn the impulse up, and I'm a bit neutral with regard to whether it will go up. So risk is high atm, no leveraging, and consider limiting your position while its unclear what is happening. Could it be that that final explosion still can happen. Or should we wait, and just focus on the following accumulation phase in the next year or so? Or both...
Choose wisely.
Hat tip to arcanebear BenjaminCowen IntoTheCryptoVerseTrading @dragonflytrading superkitty
Can we still have an impulsive wave up? Or are we now going to see a big irregular correction (ABC/WXY) play out. I've drawn the impulse up, and I'm a bit neutral with regard to whether it will go up. So risk is high atm, no leveraging, and consider limiting your position while its unclear what is happening. Could it be that that final explosion still can happen. Or should we wait, and just focus on the following accumulation phase in the next year or so? Or both...
Choose wisely.
Hat tip to arcanebear BenjaminCowen IntoTheCryptoVerseTrading @dragonflytrading superkitty
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