not sure what to make of this ?
On other price charts for BTC the PI Cycle lines are apart by roughly $800 somewhere around the 75% level, looking back at the hitorical data when the PI reaches the 75% range we have seen a rather large parabolic move upwards leading to a cross and then a double cross and a period of cooling, there is not however enough historical data to judge the 2017 pi cycle on the CME. Generally I like to use the CME chart for certain ingicators such as the ADX, DMI and Momentum on higher time frames because the readfings can be alot cleaner, I liken it to switching to the Hikin Ashi candals to weed out noise on youre indicators making them closer to a leading indication or maybe a very closely trailing indication. My question for the masses is are the PI moving averages toughing early bnefore the last run up or are we getting a legitimate cross of the PI on the correct time frame.
My 2 senarios are as follows. Senario number 1 is the CME serves as a leading indication for the PI cycle and we should expect a move upwards and a cross very soon ... next week followed by a cooling period where we will then debate the issue of a double top cycle IE. 2013 or a single cycle IE. 2017 price projection for this move is somewhere in the range of
73K - 
88K with some prolonged downside following
Senario 2 and my bias for this idea the CME just like its name implies represents future price action... (duh) we are seeing a cross on the PI cycle now on the CME but will see a true cross on the BTC price in 1 week (this is the weekly futures chart)
Id like to know what u all think about this data
My 2 senarios are as follows. Senario number 1 is the CME serves as a leading indication for the PI cycle and we should expect a move upwards and a cross very soon ... next week followed by a cooling period where we will then debate the issue of a double top cycle IE. 2013 or a single cycle IE. 2017 price projection for this move is somewhere in the range of
73K - 88K with some prolonged downside following Senario 2 and my bias for this idea the CME just like its name implies represents future price action... (duh) we are seeing a cross on the PI cycle now on the CME but will see a true cross on the BTC price in 1 week (this is the weekly futures chart)
Id like to know what u all think about this data
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