Fooling around with the Pi Cycle Top Indicator: www.lookintobitcoin....cycle-top-indicator/
Also found in TradingView's indicators for free.
The consolidation fractal is from 2017 cycle, however the same idea of the brief consolidation was also present in 2013 rise.
" Indicator Overview
This current BTC consolidation would probably take us briefly below 30k. Cycle top by April fools, lol.
Also found in TradingView's indicators for free.
The consolidation fractal is from 2017 cycle, however the same idea of the brief consolidation was also present in 2013 rise.
" 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.
- Pi Cycle Top is useful to indicate when the market is very overheated. So overheated that the shorter term moving average, which is the 111 day moving average, has reached a x2 multiple of the 350 day moving average. Historically it has proved advantageous to sell Bitcoin at this time in Bitcoin's price cycles.
This current BTC consolidation would probably take us briefly below 30k. Cycle top by April fools, lol.