BTC Pi Cycle Bullrun SignalHello friends
Today im going to show you a good reason for next Bullrun in Bitcoin.
Pi cycle includes 2 Moving Average:
One Long MA and One Short MA.
when we devide this 2 MA the result equals PI number (around 3.15)
The best Long MA is 471 DAY and the best Short MA is 150 DAY.
I illustrate them in BLX chart and yo see the last 2 times that Pi cycle Bottom works properly.
the first Bottom was on JAN 2015 and second Bottom was on JAN 2019 and NOW on JAN 2023 (as i show them with Red Circles in my chart)
the indicator signal a Potential Bottom for BTC.
If Short MA (RED) surpass Long MA(GREEN) we call it a PARABOLA and the Bottom confirmed.
If you think more about that you understand this cycle happened every 4 years actually on January.
2015 - 2019 and NOW 2023.
So i explained Technical and Time Cycle Analysis for this Strong Indicator.
Hope it predict Bottoms WELL.
Be Profitable
Thank You for reading my Idea
Share me your Opinion.
Do you think BTC make a bottom NOW?
Strongsignal
AVAX LONGAVAX/BTC STRONG SIGNAL
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LONG BNGO FLY!Hello everyone, according to Elliot waves analysis, we are currently leaving Elliot wave 4, which was in the form of symmetrical triangle, our fifth wave will land approximately at 17-19$-21$.. so short term target is around that area. Good luck everyone😌🚀🚀🚀
Note: This is Elliot's impulsive wave, that came into fib retracements in a very bullish way retracing so correctly.. consolidation that happened during 4th wave generally is always in triangle form, 5th sub wave of triangle was finished yesterday.. so today we had to have breakout.
What if this would be an hourly chart ?Then, you would go out ASAP I presume.. In fact, it is not an hourly chart but the monthly chart of the German DAX index. When you look at the chart form a monthly perspective you see how devistating the damage of the March Corona sell-off actually is. It could very well be that just this week the bulls gave a last show for now.. Some observations:
Most significant is that in March, price dropped well below the long-term trend by down-crossing the support that is connecting the dips of the last 11 years. Now recovery we have seen up until now, but I much doubt wether we can expect more. let alone we can enter this trend again. Also we hit the 50 month's Moving average which could likly act as resistance.
The peak in Januar '18 was only slighly lower compared to the recent highs at the beginning of 2020. Just indicating that the patterns of higher tops and higher bottoms gets exhausted. Than, looking form the RSI, we see some strong negative divengence and movement of the RSI below or near the 50 line.
Expect continuation soon of the the downwards pathway towards the area of 8100 - 8300.
This week is key...
AUD/USD is about to pullbackWe've got 2 possibilities right now :
either AUD/USD is going to break the VWAP and decreasing or it 's going to pull back which means that there's a correction currently.
The volumes are particularly lows which indicates the sellers are there but lack of strength.
A confirmation from the market is needed to that point to sell or to buy with confidence.
There's no strong signal yet to do it.
ETH/USD is in a range and is stuck to the VWAPETH/USD is currently low with very low volumes.
ETH/USD is in a range right now. It's not the time to enter in the market yet.
there is no impulse and no strong signal which would allow you to enter in the market as a winner.
Better wait the beginnig of a trend.