Crypto4Everybody

Bitcoin PI Cycle Indicator - MAs with 195% distance

Long
INDEX:BTCUSD   Bitcoin
How would you rate the entry points (yellow cycles) for Bitcoin when you look at the naked chart (see below in the comments)??

We got quite nice entry-points for Bitcoin with less or no more downside every time when the PI Cycle Indicator MAs had a distance of 195%


Of course that is no guarantee for the future and the MAs distance was higher at some points...

...but the probability that Bitcoin is near a bottom is not small looking at these facts in the chart

Tell me your opinion about that dear Crypto Nation 😎

*not financial advice
do your own research before investing

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.