Bitcoin Analyze (Similar Movements ❗️❓)⚖️
Updated
In this post, I tried to use from Pi Cycle Top Indicator for finding similar movements between two cycles, First cycle:2013-2014-2015, Second cycle: 2020_2021_2022.
🔅Indicator Overview🔅
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111-day moving average (111DMA) and a newly created multiple of the 350-day moving average, the 350DMA x 2.
Note: The multiple is of the price values of the 350DMA not the number of days.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
🔴I was able to find 5 similar movements between two periods and according to my counting waves (My previous posts), I think that the sixth movement at cycle 2 will happen like cycle 1.
What is your idea about these movements ❗️❓
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
🔅Indicator Overview🔅
The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days.
It uses the 111-day moving average (111DMA) and a newly created multiple of the 350-day moving average, the 350DMA x 2.
Note: The multiple is of the price values of the 350DMA not the number of days.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
🔴I was able to find 5 similar movements between two periods and according to my counting waves (My previous posts), I think that the sixth movement at cycle 2 will happen like cycle 1.
What is your idea about these movements ❗️❓
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅'like'✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
Note
Bitcoin Analyze (Road Map)!!!🗺️ (Update)
Note
Bitcoin Analyze❗️(Update)❗️👆
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