PI
$PI - Pi NetworkPi Network might have just made it to the Guinness Crypto Record! Launched trading at $0, 01 cents on the 29.12.2022 on Huobi, it topped $345 exactly 24 hours later, that was only the IMPULSE WAVE, this impulse wave seems to be consolidating in the range $50 and $100, that puts waves 3 and 5 at over $1k! This is coin which has been mined for free on mobile phones since the project started in 2019 had a massive run in 24 hours, with 33 million active users world wide, it's trying to do something Bitcoin failed to do - a fair distribution to most people! Couldn't believe my Pi portfolio on the 30.12.2022 for a coin that I mined for free! The free mining on Pi Network is still active anyone with a mobile phone can still mine it for free although the mining rate has drastically gone down, but with 4 to 5 invitees actively mining you can still get 2,88 Pi per day at the current trading rate of $68, that's $195 per day!
PI INDUSTRIES ANALYSIS!!RSI INDICATOR: is something which says the actually part of the price should be placed.
cups and handles is a very bullish price pattern formation.
and top of that, if rsi indicator is forming such pattern, then to speak on to it, the stock is a very great stock.
i have check the fundamentals. the rations, sales analysis are very greatly performing.
the two black line are the trend formation after the corona 2019 crash.
and blue line is the old trend.
the stock did gave its all time high recently. its possible to go more higher, since there is no drawback, or major risks associated to this stock.
recent quarters too outperformed from the analyst projected estimates.
great stock for swing trading and long term .
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.
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.
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
🔥 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.
"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! =)
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.
flirting at the neckline (bullas tp)lotta bear confluence here...which is my local bias. i do think recent low was a longer-term bottom we will range at for a lil while but nfa...
resistance is 2pi arc of the smaller circle you see (radius = between those two tops)
bearshark zone as well (included some bull harmonic possibilities)
ihs neckline
ihs and hs "fakeouts" are actually just PA following a curved neckline imo (just like irl :-) ) ...trendlines are not straight
NFA...expect the unexpected! a break here would be bullish to mid-twenties imo (w/successful retest)...lots of alts looking juicy if that happens
pi in the skyfib "circles" made from tops & moved to big 2021 summer bottom
phi & pi and harmonics, square roots, integers
multiplying/dividing by 10 as well...wonder if that's independent of scale (would make sense if your scale is 10:1 or 100:1 or whatever)
i generally use 100:1 on the daily and 1000:1 on the weekly for leftbrain reasons but always wondering if the secret sauce is just finding the right scale on the right TF (427:1 or 232348971.34738920:100 or something...looking at the chart thru the cycle as a lens to find points of resonance...frequency...harmony...i think this is what Gann means by squaring the chart but i have not read him yet)
fresh air and sunshine maxi this week
Cycle Bottom Indicator [CBI] - Log Chart & Historic Bottom AnalyThis post looks at the following items to assess BTC possible upcoming cycle accumulation ranges, next cycle bottom and historic lowest price possible:
* Cycle Bottom Indicator & CBI Extensions
* Log Chart key support and resistance levels
* 200W SMA (Simple Moving Average) Historic Cycle Bottom Support
* Historic Cycle Accumulation Zone
* 300W SMA Historic BLACK SWAN event under evaluation support
The premise considered in this post is BTC is currently in the Bear Market phase of a new cycle and is approaching a new cycle bottom and accumulation range.
CYCLE BOTTOM INDICATOR
As per prior posts. The extension dashed lines extrapolated out in this chart at this point of time estimate a cycle bottom may be put in around August 2022 (based on current moving average inputs).
GOLDEN BOX
As per discussions regarding the 150W and 200W SMA, the potential upcoming golden box represents the price and time we might spend in a cycle accumulation range (based on prior historic price behavior). Historically the 200W SMA has resembled a key line of defense for the bulls where buyers has stepped in during the darkest days in Crypto to defend price. The bouncing nature of price between the 150W and 200W SMA suggests this in the past this is a range 'Smart Money' has targeted for cycle accumulation when believed BTC has been sufficiently oversold and is undervalued. Prior Cycle Golden Box has been drawn for comparison reference.
GREEN BOX
The 300W SMA resembles the worst case under evaluation support SMA reached during an extreme 'Black Swan' event (unexpected event which causes wide spread panic selling in the market). The as drawn potential upcoming Green Box between the 200W SMA and the 300W SMA represent the time and price ranges we may experience in the drawn scenario (not historically we have not spent much time in the Green Box and the COVID event is the first time we have reached these levels of undervaluation to date). NOTE: Prior Cycle Green Box has been drawn for comparison reference.
LOG CHART
The above Worst Case Analysis is combined with some simple TA and Key Historic Support levels on the Log Chart. The worst case Cycle Bottom shown on the chart price levels assumes the current trend direction and uses measured moves which align with key long chart support / resistance levels and potentially the 300W SMA (Violet line).
square (rooting) the circleobvi not financial advice (are you HIGH??), just been posting sketches here mostly bc i need the help keeping track of them lol
just eyeballed the top circle here, thinking i should disregard wicks (which is what i usually do when i draw regular fibs/i make them so the wicks are 1.09 or 1.128), then when i clicked my 'square roots' template, saw .707 (square root of .5, and also half of square root of 2....1.414 is sort of like the 1.618 of squares re: self-similarity/fractals btw, bradley f cowan explains it pretty well) and .886 (square root of .786) called the wicks. THRILLING STUFF, felt cute might delete
i added 3.14 for funsies bc sorry not sorry...pi cycle is real and pi is important. i mean we're talking cycles here, cmon. we're on the pi arc now, and the horizontal tangent (bottom) makes sense too
when you get similar ideas at different ratios i don't think that's flip-flopping btw, it's confluence/recursion
bullish on fresh air, sunshine, and hydration this week
was recently gifted w/Bradley F Cowan, highly HIGHLY recommend along with other gurus:
michael s jenkins
gann (astro just as time cycles, not necessarily w/meaning ascribed bc that's a whole can of worms)
jim bartelloni
larry pesavento
candleboxAI and gannjourneyman
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.
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 =).
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!
Bitcoin Pi-Cycle Bottom IndicatorBack in June, I managed to find two moving averages that only cross when Bitcoin reaches it's cycle bottom, similar to Philip Swift's Pi-Cycle Top indicator.
The Pi-cycle pair used here is the x0.475 multiple of the 471SMA and the 150EMA (EMA to take into account of short term volatility).
I have an in depth analysis on my medium page.
Trader Dončić
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.
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.