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Picycletopindicator

Bitcoin Events and the PI Cycle Top Indicator ### Chart Description : * Title :* Bitcoin Weekly Cycle Analysis with Key Indicators and Events * Time Frame :* Weekly * Indicators :* - * Pi Cycle Top Indicato r:* - This indicator uses two moving averages: - 111-day Moving Average (111DMA) - 350-day Moving Average multiplied by two (350DMA x 2) - *Functionality:* When the 111DMA crosses above the 350DMA x 2, it historically signals that Bitcoin might be reaching a peak in its market cycle. This indicator has been noted for its accuracy in predicting Bitcoin's market tops to within days. * Event Markers :* - * U.S. Election Dates :* - Marked on the chart are vertical lines at the points where U.S. presidential elections occurred. This helps in analyze how political events influence Bitcoin's price movements. - * Bitcoin Halving Dates :* - Highlighted with vertical lines. Bitcoin halvings occur approximately every four years, reducing the reward for mining new blocks by half, which typically impacts Bitcoin's supply and often leads to price appreciation due to increased scarcity. * Cycle All Time Highs :* - Place markers on the chart where Bitcoin has reached its all-time highs in each cycle. This can provide context on how close the peaks are to halvings or elections, potentially illustrating patterns or correlations. * Price Prediction * $148 in Q3 2025
CRYPTO:BTCUSDLong
by thedronedetector
BTCUSD: Time for a correctionOutlook for the remainder of the year. The ETF inflows have generally remained positive at new ATH levels, while volume remains low and price remains flat. This suggests considerable distribution from OTC sellers, namely longer-term holders, per HODL waves analysis. It's been 3 months since breaking ATH in March, with price unable to move higher. The consolidation at higher levels remains bullish until $60K is broken to the downside (foodgates moment), which would confirm the current range ($60K-70K) as longer-term distribution, rather than accumulation. First stop will likely be a re-test of the 50 Week MA around $50K after the floodgates for selling opens below $60K. With relatively low accumulation volume, I'm not expecting it to hold as support, but instead return to the 200 Week MA around $40K, likely after a re-test of previous support in order to confirm it as new resistance (around $60K). The 20 Week MA is currently around $63K, so below this level, there will already likely be an increase in selling pressure. The Weekly RSI is otherwise facing rejection from overbought levels >70, similar to late 2021 (minus the strong bearish divergence back then). The culmination of breaking the 20 WMA and confirming RSI rejection by returning to $60K, would be the catalyst for the break of support. As also noted (N.B.) the Mid Pi Cycle Top occurred in march, around $68K-$70K, with price unable to maintain the momentum above this rising MA multiplier, unlike in December 2020 at $21K.(1) The post-halving "Miner Capitulation" has also been signalled by Hash Ribbons indicator, not so dissimilar to summer 2020 that encouraged consolidation and a miner correction.(2) I'm not particularly expecting Path B to play out, unless there is a catalyst for a more full-blown capitulation, leading to a 65% haircut in price. Examples include ETF holders getting cold feet leading to panic as price goes below opening ETF prices , or otherwise some negative regulatory news. A -45% move down to $40K should otherwise be more then sufficient to build up momentum for a 2025 bull market reaching $100K+. Should price reach GETTEX:25K to $30K levels (path B), there could be a "delay" within the usual cycle, with higher parabolic prices nearer to $200K. After the 3x from 2017 to 2021 ATH, 2x seems reasonable in 2025 however ~$138K. (1) www.lookintobitcoin.com (2) capriole.com
COINBASE:BTCUSDShort
by dragononcrypto
What is Bitcoin Pi Cycle Top Indicator?Hi folks, 🎯In this content, we will explore the Bitcoin Pi Cycle Top Indicator and how it can be used. 🎯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. This once again demonstrates the cyclical nature of Bitcoin price action over long time frames. However, in this instance, it does so with a high degree of accuracy over the past 7 years. 🎯Let's take a look at how the Pi Cycle Top, which helps us find the previous peak of Bitcoin, has performed in the past. 📌Yellow Trend --> 111DMA Green Trend --> 350DMA 📌As of April 2021, our indicator intersected with the 111DMA and 350DMA, and a peak signal was given at 63K. Bitcoin, then experienced a deep sell-off, falling to 29,000. 📌However, there are two important points to note. Whenever Bitcoin's price movement falls below the 111DMA, it has been exposed to selling pressure. In addition, whenever it manages to maintain a sustained move above the 111DMA, a rise called a "relief rally" begins. 📌So, when did the bull come, or when will it come? Whenever we witness Bitcoin's price above the 350DMA, for example, in December 2020, a serious bull run begins (you can also check previous periods). With the movement starting in December 2020, Bitcoin has experienced over 250% rise. 🎯Neither on-chain data nor technical data alone is sufficient to understand the price movement of any product. However, if we correctly interpret the indicator mentioned here, we can reduce our risk ratio. See you in the next informative content.👋🏻👋🏻
Education
by Bullfighterr
5
Bitcoin Analyze (Similar Movements ❗️❓)⚖️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
BITSTAMP:BTCUSD
by pejman_zwin
11
Follow Up BTC Double Pi Cycle Top 2022??See my previous Idea for the beginning of this thought process... If BTC would Double Pi Cycle Top this time it would probably be a longer time between tops BTC dropped 50% in 14 bars/weeks so far this time... Top to Top was 35 weeks in 2013-14 and 4.5X This time I gave it 55 weeks , not quite double and a 4X to $260K the chart is in log Scale so boxes mark a Log price point This is possible wilth-in the time frames Next Pi Cycle Top in April-May 2022 I'll save this chart and re-visit as time goes along..
BITSTAMP:BTCUSDLong
by Chefrusty
New Pi Cycle Top Indicator From MamoCoin(Republishing my share on Mamocoin's new pi cycle top indicator, as I forgot TW's House Rules and included a youtube link.) I just wanted to share a new pi cycle top indicator created by www.tradingview.com I made some very minor changes to it in order to also identify BTCUSD's 1st peak in what I call the Consolidation Phase, but the original indicator is completely on Mamocoin. This is the link to his analysis where he shared it. It's obvious that he put in a lot of hard work into it, and it is a very impressive indicator. Thanks very much, Mamo!
INDEX:BTCUSD
by AlphaBravoCharlie77
Pi Cycle Indicator From ScratchHi traders! As you know, BTC has made all time high not so far ago. That’s why we decided to tell you about one of the most powerful indicators that helps traders to recognize the market reverse after peaking. Well, today we’ll speak Pi Cycle Top Indicator . The indicator consists of two Moving averages: 350DMA*2 and 111DMA. In fact, 350/111=3,153 which is really close to Pi=3,142. Probably, it demonstrates the cyclicality of Bitcoin. Moreover, it is confirmed by last 3 cycles of BTC market and all times the indicator gave a signal, trend reversed. How to work with Pi Cycle indicator? When the 111 moving average reaches the 350DMA*2 it means that BTC is on its peak and it’s time to quit the position. However, we’d advice you to use it with other indicators and oscillators, to look for the trend reverse or continuation patterns and so on. DISCLAMER : Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Education
by Skyrexio
17
BTC Pi Cycle Top Indicator Signal.The Pi Cycle Top Indicator as created by Philip Swift has caught the eye of many traders and analysts (Including myself) as a possible tool to "call the top" of this market cycle. It is giving the "Signal" now, so should I automatically sell as it has always been a good idea previously to sell when the signal is given?? I would say that we can disregard the Pi Cycle Top signal in this case for the following reasons. All other Momentum Oscillators and Volatility metrics were giving obvious highs at each of the previous signals. This time the setup is distinctly different on both volatility metrics and on momentum oscillators, with most volatility metrics being close to their lows, and momentum oscillators hovering just slightly above their midlines. Personally (this is not financial advice, I am not a financial advisor) I will be completely disregarding the Pi Cycle Top signal as a consequence. I am interpreting the momentum oscillators coming back down near their midlines as a "Bullish reset" giving them room to run to the upside and volatility dropping near its lows as giving room to expand. I will remain bullish on Bitcoin until I see momentum oscillators breaking below their midlines or an obvious higher Timeframe reversal.
BITSTAMP:BTCUSDLong
by The_Caretaker
19
Pi Cylce Top Bitcoin is INVALID for this bull cycle!!Welcome everybody, My name is Rutger and today i want to discuss the Pi Cycle Top indicator. I think that the Pi cycle top indicator does not work in this bull run. Because this time is really different than other bull cycles, it is never good to say that this time is different, but I will show you why it is really different this bull cycle. First of all bitcoin balance of exchange is dropping very hard, that is a very bullish sign. We usually see that when the balance on exchanges move up, we reach the end of the Bull market. The opposite is happening right now. Secondly when we look into the charts we can see that everytime the Pi Cycle Top crossed, it was in the red area of the log growth curves indicator. As you can see on the chart, we are not even close yet. ( in 2013 we also did not hit the red area of the log growth curves for the first peak cycle top. But it did HIT the 96 RSI level ). The third thing is, that always when the Pi Cycle Top crossed we were at the 96 RSI level. This time we are in the purple zone not overbought not oversold. Also this bull cycle has been crazy so far with institutions buying and big companies like Tesla and Microstrategy buying. Bitcoin is now for the first time a $1 trillion dollar asset. Which means that big investing company's are also allowed to buy bitcoin. So with all these fundamentals + Technical analyses. I think the Pi cycle top is not valid this time. What do you guys think, let me know below! Please like this post so we can get a lot of different people to look at this and discuss this further.
BITSTAMP:BTCUSD
by Rutgercrypto
7