Time to take a look back the Pi Cycle Top indicator, by Phillip Swift! We take a close look at this metric and show that the two moving averages are in fact converging, and if we do not have a correction in the next few weeks, then they will likely cross. Historically, crosses of these moving averages have predicted the local top to within 3 days. However, this was developed after prior bull markets. Will it have predictive power? Well we will certainly find out! We also take a look at the Bitcoin peak regression band and the monthly relative strength index (RSI). TA Video by Benjamin Cowen.
