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Pi-cycle

Pi-Cycle Bottom PossibilityThis is the 2015 Pi-Cycle Bottom Indicator copy and pasted over the current price and aligned with yesterday's crossing. There are some similarities between the price action in 2015 and now. If something similar plays out, we may see some significant downside in the next few days. This wouldn't be a surprise as the CPI print yesterday was 9.1% and downside in most markets is to be expected. Similar to yesterday, in 2015 the price was in a small uptrend when the indicator crossed, which turned out to be a bull trap. This could play out in a similar fashion.
INDEX:BTCUSD
by MarkLefevre
2
Did we confirm bottom on BTC?Pi cycle bottom and top indicator has been pretty accurate over the history of bitcoin price action. It is currently once again flashing "bottom." If history repeats itself we may see a price action similar to what I projected in the chart aligned with the long term trendline. The Pi Cycle Indicator forecasts the cycle top and bottom of Bitcoin’s market cycles. It attempts to predict the point where Bitcoin price will peak before pulling back or will bottom before it takes off. It does this on major high time frames and historically has picked the absolute tops and bottoms of Bitcoin’s major price moves throughout most of its history.
BITSTAMP:BTCUSD
by CryptoBreakers
8
BTCUSD cringe log chartThe idea that something which never happened can't happen is a silly one On high timeframe BTC goes up from inception "So it's just gonna go up from here and never look back. Why ? because it never does." That is so silly - it also never tested a previous cycle top until last month - never closed below the 200 weekly or whatever until last month Pattern breaks While I do think the low 10k is a good buy, I don't understand why it couldn't oscillate around these price for years, or decades, lose this range and never go back or pump the million ? Why not? "goofy prediction dude" Same was said to the one targeting 30 when we were above 60
INDEX:BTCUSD
by Copege
1
🔥 Bitcoin Pi-Cycle Bottom Indicator Signals Bear Market BottomBefore we dive deeper into the analysis I want to give a quick overview of what the pi-cycle bottom indicator is, "The indicator comprises a 471-day simple moving average (SMA) and a 150-period exponential moving average (EMA). Furthermore, the 471-day SMA is multiplied by 0.745; the outcome is pitted against the 150-day EMA to predict the underlying market's bottom." In short, the Pi-Cycle bottom indicator is similar too the Pi-Cycle top indicator, but with different values. Historically, the Pi-Cycle bottom indicator has signaled the BTC bear-market bottom within 3 days of the signal. This would mean that the BTC bottom will be in within the next three days. However, will the pi-cycle bottom indicator work again this time? There's only two previous instances of the indicator working, one can't really deduce statistical validity from an N=2. Funnily enough, people said the same thing about the Pi-Cycle top indicator last year. In hindsight, the Pi-Cycle top indicator did a great job signaling the technical top for the current BTC cycle (technical top = top based on indicators and on-chain metrics). Will this time be different? Maybe. The current macro-economic outlook is vastly different from the previous cycles. Bitcoin's correlation with the stock market has never been this high and, with inflation still on the rise and a recession looming, stocks are more likely to go down than to go up in the near-future. Unless today's CPI numbers will cause a huge 20%-30% sell-off, I don't think that BTC will bottom within the next three days. Time will tell. Nevertheless, I think that this indicator is one of the better bear-market bottom indicators. Bottoms never occur when people expect it.
INDEX:BTCUSD
by FieryTrading
11
"bTc hAs No VaLuE AnD WiLL CrAsH bELoW 10K"...PI CYCLE BOTTOM!!!I LOVE PICKING BOTTOMS...AGGRESIVELY...WITH HARD WOODEN STICK!!! xD P.S. I saw the 111DMA has almost crossed the "350DMAx2" in the beginning of April 2021 and COULD NOT STOP LAUGHING ABOUT THE MORONIC PI CYCLE "INDICATOR" WITH IDIOTS LOOKING AT IT BECAUSE WE WERE GOING TO 100K FOR BTC "AT LEAST" AND WAS EVEN ASKING IN TWITTER IF SOME STAGRAM FLUENCER RIGGED THOSE LINES FOR FAKE FAME....a month later in the middle of May -> ELON MUSK AND THE CHINESE COULD NOT STOP LAUGHING AT OUR STUPIDITY TO THINK IT IS GOING STRAIGHT TO 200K 500K AND THE MOON............ Will act accordingly this time instead of ridiculing SIMPLE MATH and those obviously clever guys that came up with that EXACT (+-2 days) TRIGGER FOR BTC TOPS AND BOTTOMS! =)
COINBASE:BTCUSDLong
by u3KbPTeH
4
Pi-Cycle Bottom Will Cross Tomorrow Most LikelyThe Pi-Cycle Bottom will most likely cross tomorrow. If the indicator remains predictive, and consistent with itself, the bottom should occur within a few days of it crossing. This would imply significant downside coinciding with an important CPI/Fed meeting this week. There is precedent for the indicator crossing and BTCUSD falling -40% within the following few days. I've wavered quite a lot on the question of whether the macro bottom is in. Mostly due to Ben Cowen's credibility and views, I'm currently leaning towards the bottom not being in and significant downside still to come. The pi-cycle bottom crossing in this context may impy we will see a large downside move in the next week.
INDEX:BTCUSD
by MarkLefevre
1
BTCUSD Price Sitting on Bottom of Swing-Low Trend Line BUYThis is one of the best buys I think I've ever published; price action over the last 3 months wicked down to the red line we see here and quickly bounced; good support at this zone; going up 3k a month from here on out; at least that's my prediction. Does it break this log scale chart? My fundamental of economics doesn't suggest that it will until there is not exponential fiat currencies in circulation. Mass adoption will be accelerated when 10% of crypto market cap is 25 trillion and half the worlds' wealth is equal to 250 trillion dollars. We still have 100x to go from here before it breaks this log chart.
BITSTAMP:BTCUSDLong
by EMJ123
1
Pi Cycle Top Elongations Circled demonstrating lower highsPi Cycle Top Elongations Circled demonstrating potential lower Pi Cycle highs; such a prediction puts in worst bear case scenario a wick down to $28k for Bitcoin; however strong upwards support occurs in the overall upwards linear trend in February 2022; we reached a bottom of this pi cycle's market until the halving of 2024 and the 16 months prior and post-halving. Any candlestick closes below this level would be potentially devastating for price action and potentially break the linear logarithmic scale to which we have abided by until now. My impression/prediction is that of the Founder/CEO of MicroStrategy; that we will always move our currency to a stronger currency; and the holy grail of all known currencies is that of blockchain. Exponential 100x from here! Cheers! Shout out to the future; from your 8 year younger self! It'll at least be on their conscious for not listening; not mine =).
BITSTAMP:BTCUSDLong
by EMJ123
1
Bitcoin Pi Cycle Top Paralell Channel, RSI & Volume from 2011This is a detailed analysis of the Logarithmic Bitcoin USD Price Chart. Pi Cycle Top, as taught to me by Joel Bishop, a bonifide badeass who knows his bitcoin cycles. He has published content and must give him the credit for teaching me about this indicator or indicator function on trading view. Hope this helps anyone wrap their heads around where price is headed based on the logarithmic scale. Staying in the parallel channel, price could reach as little as 20k or even 15k, but would present an amazing buying opportunity imho. This cannot be construed as financial advice, only my prediction of where I believe price will be at by the beginning of 2024. Thanks and enjoy!
BITSTAMP:BTCUSDLong
by EMJ123
1
HOW-TO: Cosmic Pi Cycle #3This HOW-TO tutorial will show how to use markers and the channel fill to re-enter and exit positions. 🪐 SETTINGS (Indicator 1) Mult: 1.25 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.9 Top Markers: OFF Bottom Markers: ON 👩‍🏫 COMMON PATTERNS 🗠 A After the appearance of a fake primary top marker the price level at the time of the marker (horizontal bar) is successfully tested from below. This is a bullish signal. 🗠 B Following a large bullish trend after the appearance of a false primary top marker, the appearance of a secondary top marker together with the gradual stabilization of the price is a bearish signal. 🗠 C & D Similar to the testing of the price at "A" but here the price is tested from below. The general strategy is to short when the price drops below the level indicated by the horizontal bar (the price at "C" when the price reverses at the edge of the channel). 🗠 E, F & G Favorable times to enter long positions is when the price drops sharply and touches the borders of the channel from above. Generally if you find appropriate Mult values using the markers you will also enable the channel to display accurate support and resistance levels.
AMEX:SPYEducation
by cosmic_indicators
HOW-TO: Cosmic Pi Cycle #2This HOW-TO tutorial will show how to use both markers and the channel to successfully predict price reversals. 🪐 SETTINGS (Indicator 1) Mult: 1.55 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.85 Top Markers: OFF Bottom Markers: ON 👩‍🏫 COMMON PATTERNS 🗠 A & G As price stabilizes after a volatile trend and is about to re-enter the Pi Cycle channel the secondary markers confirm the anticipated entry. The suggestion is that volatility will resume but there are no hints as to the direction of the next trend aside from the general angle of the price entry into the channel. 🗠 B, C, D, E & H The Pi Cycle channel itself is a great way to predict price reversals. The price approaching or touching the borders of the channel, inside and out, is an indication that a price reversal is likely. 🗠 F A false primary marker reversal signal is easy to spot because here it appears after the bullish price momentum reverses and the price begins to fall. The general rule for using primary markers is that they are effective before a price reversal and no new highs or lows should be made after its occurrence.
TVC:SILVEREducation
by cosmic_indicators
HOW-TO: Cosmic Pi Cycle #1This HOW-TO tutorial will show how to setup the Mult value and how to use primary and secondary markers. 🪐 SETTINGS (Indicator 1) Mult: 1.7 Top Markers: ON Bottom Markers: OFF 🪐 SETTINGS (Indicator 2) Mult: 0.85 Top Markers: OFF Bottom Markers: ON 👩‍🏫 MULT The Mult value has to be set anew for every symbol / timeframe combination. The way to set the Mult correctly is to look at the span of the entire chart and through trial and error decide where the markers look the most correct (🗠 A, C & E) . You can also look at the channel fill and set the Mult so that the highs and lows hit around the borders of the fill (🗠 F, G, H & I) . 👩‍🏫 MARKERS Primary (circle) markers make sense either when the price flattens out or when they appear at or near the very extreme of a steep price rise or fall. If a primary marker appears in the middle of a bullish (🗠 B) or bearish (🗠 D) trend you can wait until the possible appearance of a secondary (square) marker (🗠 C & E) to better estimate any major price reversals. Note that since secondary markers are a weaker signal than primary markers, the price reversal signals they may give can be related to smaller trends than those of the primary markers.
NASDAQ:NDAQEducation
by cosmic_indicators