How may we not see this?
History doesn’t repeat itself, but it surely rhymes. We skilled a crypto market crash this week due to a series of occasions, however may have we predicted this? Appears sure.
Some helpful instruments point out when Bitcoin — and your entire 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 identical 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’ll 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 advocate investing in something as nothing is assured. Every little thing I write on the subject is for informational and academic functions solely. At all times do your analysis.
