Pi Cycle Top.
When the 111-day moving average pierces 2× the 350-day, blowoff tops historically arrive within days.The short trend has pierced 2× the long trend. On Bitcoin, this condition has fired within days of every cycle peak. Distribute aggressively — historical hit rate is excellent.
The short trend has fallen to half the long trend or below — capitulation conditions on the macro chart. Accumulation zones historically resolve up.
On BTC the indicator has flagged every cycle peak: November 2013, December 2017, April 2021. The lag from trigger to local top has been days, not months. It's blunt — a binary cross — but the historical hit rate is remarkable.
The chart shows the ratio SMA111 ÷ (2 × SMA350). Above 1.0 = top condition active. Approaching 1.0 = parabolic risk building. Far below 1.0 = no top signal in sight.
On a younger asset the indicator is less battle-tested — often only one major cycle of history so far. Use it as a signal alongside Mayer and Z-Score rather than a standalone trigger.
Backtest: long until the cross fires, then cash. Re-enter on the symmetric low-side cross (ratio < 0.5×, indicating mean-reversion lows). Long-only, single trigger per cross.