How might we not see this?
History doesn’t repeat itself, however it rhymes. We skilled a crypto market crash this week due to a sequence of occasions, however might have we predicted this? Appears sure.
Some helpful instruments point out when Bitcoin — and your complete crypto market — is oversold or overbought. I talked about this in one other article.
From all of the instruments, just one appears to have predicted Bitcoin being overbought since April thirteenth. It additionally predicted the identical factor in 2013, across the similar interval (April ninth).
The Pi Cycle indicator predicted crashes in 2013 each occasions, in 2017, and now in 2021. I noticed it, however I used to be too cocky and silly to imagine it.
The nice half is we’re not in a bear market but, we are going to expertise a brand new increase till the tip of this yr. We are going to keep watch over the indicator and see.
Disclaimer: I’m not a monetary advisor and don’t suggest investing in something as nothing is assured. Every thing I write on the subject is for informational and academic functions solely. All the time do your analysis.
