Can the Pi cycle top predict the bottom?
Can the Pi cycle top predict the bottom as well? Yes it can, it has on three different occasions. Coupled with the investors tool not only has it predicted 3 bottoms within 10 days but also the percentage within 7%.
In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%.
both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support.
SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks.
We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have.
Cheers and thanks for looking
If you have any questions or comments please don't hesitate to comment below.
In order to see view this you must be on the one day chart and use the investors tool with the Pi cycle top indicator. When the Orange line has crossed down below the the bottom of the investors tool trading range in the past it was precisely at the bottom within 10 days and has done this on three occasions that all marked the bottom. 2015 was the first time and it fell 53% (you can scroll back to see) 2018 was the second @ 45% fall and the third time was June of this year that fell 49%.
both times afterwards price action met this line (Pi Cycle orange) as resistance including this year. On both other occasions the end of the bear market was marked as soon as price action broke above and then held this line as support.
SO far it's all playing out perfectly, so for me only have we market the bottom we could be ready to flip this line in the next few weeks.
We should never use just one indicator to come up with a conclusion so it's our job to find more of them. Let's see what you have.
Cheers and thanks for looking
If you have any questions or comments please don't hesitate to comment below.
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Bitcoin has made a new uncharacteristic low. This can happen although it was unexpected. There could be some concern as the price could break even lower if it doesn't hold at 18.1k on the weekly. Let's keep an eye on it.
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