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+--- Thread: Pi Cycle Top Indicator calls top (/showthread.php?tid=6154586)
Pi Cycle Top Indicator calls top - Ace Boogie - May 19, 2021
I've mentioned the Pi Cycle top indicator a few times throughout this cycle in various posts over the past year.
For those that don't know it was created by Phillip Swift (@PositiveCrypto) to fit top of cycles retrospectively following the last market cycle. He found that for the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It turns out that it called this local top pretty well. Whilst it could be argued that this isn't the top of the market cycle, the indicator worked a charm, at least in the short term.
https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/