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 =).
PI
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.
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.
PI Cycle Top Getting Real Tight for BTCThe Pi Cycle Top Indicator was pretty accurate the past two market cycles and things are getting pretty heated with regards to this this current market cycle.
The RSI sits just above 91 as well and historically 97 is another indicator that the market has reached a top.
I know everyone is calling for 200k BTC this market cycle but what if we get bamboozled.
Just some food for thought.
BTC and the pi algo top predictor? In this video, we go into great detail describing the theory of the pi indicator, Fibonacci multipliers, and how these 2 alone could show how tops were predicted in the past and potentially the upcoming top. This is the stuff people would kill to know ahead of schedule. I would urge you to play with the math behind this.
As above, so below and there is nothing new under the sun...
EUR/USD Sells - Price has broken below the H4 support region and has made new lows on 30min timeframe
- This brings us to a 3v1 bias to the downside for the time being
- A sell stop has been set in order to catch the momentum if it should continue
- Targets set at next level of higher timeframe structure
Request to review the Bitcoin top indicatorI am impressed with first impressions but I need to play with it a bit more. It is rare for me to see an indicator showing tops instead of resistance and support lines. Check it out and post your thoughts. If you see another indicator to share with the space feel free to post your suggestions or input. We are here to help each other succeed.
Trade Safe~
PI Daily chart/Free Mining Sleeping Gem. Massive # of users!Here is an overview of the PI project looking at the daily chart. Year to date we have seen a lot more adoption and some serious price action as a result. PI is interestingly the 4th largest cryptocurrency by NUMBER OF USERS. This sets the playing field for large-scale adoption and we can see in the price range over the last 6 months a gain of over 30,000% from it's low in April 2020.
PI is being released in three phases. The first phase, the one we are currently experiencing only allows accumulation of shares by using their app to "mine" the currency. Downloading the PI app is simple and I found it to be very intuitive. You have the ability to invite others to each gain a small benefit in terms of the number of shares you receive per hour. All it requires is a check-in once every 24 hours to prove you aren't a bot, its extremely simple and you can even have the app remind you when the 24 hours has passed so you never miss out on rewards. Also, if people you have invited are inactive, you are able to "ping" them to notify them that they need to open the app and simply press the button to begin earning again.
Unlike Coin, a similar app which rewards XY Oracle tokens or even BTC/ETH if you saved up truly massive amounts of the currency, the PI project is simply in it's first phase, where the miners receive the tokens as rewards simply for checking in once per day. Following this phase there will be a traditional ICO, and phase 3 looks to get PI listed on some of the large exchanges such as binance, coinbase, abra, kraken etc. Looking at other projects that become listed on these large exchanges we often see decent rallies. We all know people need to buy and sell in order for the price to move, so what makes me so confident that the price of PI will be worth the hassle of the app?
It's simple...with so many people utilizing the app and participating in the ecosystem we are really setup for a launchpad once it becomes easy to purchase, swap, sell, and store. I personally will be HODL'ing all the shares I can. If anyone is interested in checking the project out, you are welcome to use my referral code " JayP420 " to get a boost off the bat and begin earning more than the baseline .20 shares per hour. This of course helps me as well but I want to be clear that I have no affiliation with the company, I am not a financial advisor, and I simply see this "sleeper project" flying under the radar.
Whether it remains fractions of a penny per share or shoots up to hundreds of dollars, profit is profit. I highly recommend that crypto enthusiasts and people in general should take advantage of this easy passive moneymaking opportunity while it is still available. To join in on the project and expand its userbase even further, just follow these simple steps.
1.) Download the PI app on any smartphone
2.) Use the referral code JayP420 for a boost right off the bat for both of us
3.) Check in once every 24 hours to prove you're not a robot
4.) Profit!!!
And the best part is they promise it won't be a drain on performance or battery life unlike COIN, which led me to need a new smartphone when my battery would no longer hold a charge. All that mining for 28$ worth of XY oracle tokens which I have yet to be able to cash out as they are not listed on any major exchange. The new phone cost significantly more than what I made mining with COIN. With PI, I can check in once a day, shut it off and forget it! AGAIN, I AM NOT A FINANCIAL ADVISOR AND I HAVE NO AFFILIATION WITH EITHER COIN OR PI, THIS IS SIMPLY MY OPINION.
Looking at the explosion after this project began seeing more users than ever joining in on the mining, we saw a huge 30,000% rise in price since April. Joining the app is easy, free, intuitive, and a great way in my opinion to introduce people to mining/crypto in general. It's free passive income with such a low barrier of entry it's essentially non-existent. Even my 76 year old father was able to install and use the app without any trouble...he is even inviting friends of his to join in with his referral code! This is how we get the project out there and see it's user base grow even larger. With more users daily and an ICO in the works, this could really be an explosive hidden gem. Having shares weighted at 0$ can only help you when dollar-cost averaging. Good luck to all of you and hopefully we will see this project continue to grow in size as well as bring new users into the crypto space who are looking to make easy passive income without the barrier of entry of essentially any other coin. Just download the app and begin making money!
-CryptoSavant
IMPINJ $PI$PI is just below the buy point. It did a very good volume yesterday. RSI broke the trendline as well. Watch for a breakout of $29.95
12 months Consensus Price Target: $32.67
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
PIBTC: Highly likely to test the Arithmetic MeanHello, wonderful person!
PChain (PI) high potential to test the Arithmetic Mean.
BTCVol24h: -64%
CryptoRatingBot: -61%
* % up/down from last established support
Weekly: Bullish. Red 2 above resistance
PI closed right over 53 support, hold here or retest 46.7?PI rejected off of 60 resistance, went thru 55.45 support (which will now likely be resistance) to retest 53 support level...guessing it'll test around here and lower to the 46.7 level and maybe even lower given recent downgrade, tech selloff & coming holiday before settling around lower support levels til next earnings. I sold July 45 puts for .75 - $75/contract pocketed or shares @ 44.25 recommend anyone seeking to enter/add do the same - solid long!
Potential 9th distribution day on the S&P 500Volume is already tracking higher on the S&P 500 and if the price action remains where it is now around 2150, we'll definitely be looking at a 9th distribution day. To top it off, we will also have a distribution cluster which is 4 or more distribution days over a rolling 10 day period.
The indicator below the chart displays the distribution day count over time. As the count has climbed higher of late, note how the price action has also gotten more wide and loose. If you're long, this isn't what you want to see.
All that said, our individual positions guide us into or out of the market. There are still plenty of names setting up, breaking out, and running. Of late we have seen TWLO, AMBA, and PI just to name a few that have had strong breakouts and gone on to make some quick gains.