We are only 2 months before the top

I kept saying for a while that the bull run will end this summer, maybe June or July. Most probably in June. Prices have been rising for more than a year and as we will be getting towards the top, we will witness high volatility and extreme price action.

I have written a lot about that, to prepare the ground for everyone that reads my posts, as this is something everyone in the field knows already, and with my posts I am trying to help those new in Bitcoin to make wise decisions, not get caught in FOMO (Fear of Missing Out) and not lose money they can't afford to lose.

The most important part is this. As most in read.cash I also think that during this bull run there is only one Coin that hasn't performed as it should have.

Bitcoin Cash has started late but is now more promising than ever and it will not miss a good chance to become wider known, having a better image as a useful blockchain network that has good chances for adoption.

In the next two months we can witness perhaps another attempt for a flippening, as Bitcoin Cash has tried twice in the past, and was very close to succeeding. Altcoins are having a party again, and we see even XRP making moves. I don't know what to think of XRP so I usually try to ignore it. I don't find it to have a lot to offer, and in fact Bitcoin Cash suits me better.

Moreover, we see altcoins like LINK and DOT having established in some of the top positions, above traditional assets like Litecoin and Bitcoin Cash. I don't see these two and a few more staying at high places for a long time.

Anyway, the bull run is coming to an end, sooner or later. We have to be ready, take some profit, buy a few things we wanted and get ready for prolongued summer vacations, partying and find some time to relax. Summer is approaching and one thing we need more than anything is freedom and some time off.

Back to the topic though, as a new indicator for the bull run ending soon this time was posted on twitter by PlanB, the trader responsible for the S2F model for Bitcoin and the relation of scarcity and halvings with the increase of demand.

RSI is reaching extreme oversold conditions. It seems that this run may have been faster, but lets not forget that recovery started in early 2019 and it played out differently with a big reason being the Plus Token Ponzi that was the main reason for the 2019 mini bull run and the Bitcoin recovery. The price didn't stay too long at $3000 and now we are reaching closer to the top of this bubble.

#Bitcoin is looking strong at RSI 92. Still not above RSI 95 like 2017, 2013 and 2011 bull markets. I calculated BTC price needed for RSI 95 at April close: $92K. Let's see what the Coinbase IPO will do today.

PlanB in this tweet, is again bullish, which is relative in my opinion as when we are so close to the top, what is the meaning of being bullish? We traded and made five to ten times our money. This guy just wants to make another double up, and this is just greed. It can go to $120K but any financial advice from PlanB is just a joke. This is a very bad trader that is stuck on a prediction he acquired from other charts that can be found five years before this one was involved.

Closing I have to comment on this tweet, which is something that most beginners should know. We are not joking when we say not to invest money you can't afford losing. We trade, we buy low and sell high, but these are the guys that buy high and want to sell higher. A $3000 drop is nothing and a $30,000 drop is very possible too.