Hello again, I know that some of you are not in favour of Pi Cycle Top Indicator or even RSI but seems like there is too many signals at once indicating intermediate TOP in the price of Bitcoin!
According to MACD etc. this price pullback may be... brutal and will scare many, many early investors! I see price moving down to 40k or even lower so, either you HODL or sell now and re-buy when the price will be closer to support levels - two scenarios visible on the plot. In the long term perspective, we are in the middle of a bull run (according to many Glassnode indicators) so, don't let this pullback shake you off!
Entry and exit strategy for Bitcoin pt2 - Pi Cycle Top crossed, published early April
Entry and exit strategy for Bitcoin pt1 - first RSI bubble is exactly at the point of dotted line, published in late February
According to MACD etc. this price pullback may be... brutal and will scare many, many early investors! I see price moving down to 40k or even lower so, either you HODL or sell now and re-buy when the price will be closer to support levels - two scenarios visible on the plot. In the long term perspective, we are in the middle of a bull run (according to many Glassnode indicators) so, don't let this pullback shake you off!
Entry and exit strategy for Bitcoin pt2 - Pi Cycle Top crossed, published early April
Entry and exit strategy for Bitcoin pt1 - first RSI bubble is exactly at the point of dotted line, published in late February
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