WhenToTrade

Bitcoin shows cyclic sell signals on daily and weekly charts

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BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Two of my favorite cyclical technical indicators show sell signals on the daily and weekly Bitcoin chart.

The first top indicator is a parameter-less ultra-smooth, zero-lag momentum indicator based on the current dominant cycle. The second, bottom indicator is a cyclic smoothed RSI indicator using the current dominant cycle. The main dominant cycle in Bitcoin is currently 268 day. Therefore using a cRSI length on the daily of 67 (4th harmonic ) and 38 on the weekly charts (268/7).

Signals on the chart have been marked with dotted lines and sell/buy arrows when both indicators are in alignment. Buy/sell arrows are synced between the daily and weekly chart.

An interesting alignment is forming right now.

The two indicators are available as open-source versions in the "related ideas" section.
Lars von Thienen

Cycle Analysis Tools
https://www.whentotrade.com

TradingView Cycle Knowledge Docs
https://docs.cycle.tools/books/tradingview-cycle-analysis-indicator

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