BGMind_Control

I think BTC cycle top is going to correspond with the pi cyc top

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BITSTAMP:BTCUSD   比特幣
Currently the upper bound of the model is sitting at 90k and the lower bound is sitting at 52k. The price is ranging smack at the middle of the MAs. In order for the model to give us a sell signal the price needs to start trading above the upper bound. The local top in May was nailed by the model and if its similar to 2013 the second top in the model is going to be the cycle top. I think this cycle can drawn out all the way up to the end of next year. There is absolutely no chance in my opinion that we are going to have the blow off top this year. I don't believe in the mambo jumbo that everyone is spewing that the price is going to triple in a month. As long as we are above the 21 week ema im good just holding and not sweating the day to day activity of the market.

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