Hello all,
So I thought I would put together a handy guide to top indicators and how to call the top in this Bitcoin bull run. Here are my personal 5 criteria that I think are relevant for calling a top. If Bitcoin satisfies 4 out of 5 of these criteria, I will be comfortable in calling a top.
1. Price of Bitcoin approximately doubles within two weeks. This is a simple one. Two weekly candles with a doubling in price from wick to wick is historically a solid indicator that we've hit the top.
2. Bitcoin dominance falls into the 30-40% range amid a face-melting altcoin rally. https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
This happened in 2017 and I do believe it will happen again as retail investors scramble to gobble up anything with a whiff of "crypto" to it.
3. At least one long-term logarithmic target is hit, summed up very well by MasterLuc's latest post: https://www.tradingview.com/chart/BTCUSD/zzbhCPLm-Long-term-targets-approaching/
4. Pi Cycle top indicator crosses. https://www.lookintobitcoin.com/charts/pi-cycle-top-indicator/
5. Monthly Mayer Multiple exceeds 2.4 for at least one month. https://www.buybitcoinworldwide.com/mayer-multiple/
These are my personal favorite ones but feel free to share yours, and enjoy the spoils of this historic bull run my friends!