Pi Cycle Bottom Indicator, which is just a modified pair of moving averages, has just flashed a bottom, which is just another data-point to confirm my thesis that the bottom is likely in for this bear market. Does it mean we won't revisit the lows once more (17.6k)? No, anything is possible. In investing and trading all we have are probabilities.
There are many other charts I have posted which bring confluence to the fact that the bottom is likely in for BTC.
If you aren't averaging in over the next 6 months, then you aren't a savvy investor, in my humble opinion. You're a herd follower and listen too much to the fear-mongering "Macro" narratives pumped out through the media and on crypto-twitter.
This is typical of markets, always looking for sentiment shift before getting their feet wet. This is a fine strategy, of course, but not for maximum gains. Every % move up from the bottom, diminishes the returns you'll get exponentially in the long run. Don't sit on your hands too long.
As always, this is NOT FINANCIAL ADVICE, just my opinion and what I am personally doing. I am all in for the long haul. 2025 is my time-frame to start harvesting profits and likely exiting entirely.
But with a grain of salt... This indicator is a "curve fitting" indicator. It has been modified to match up with past bottoms from the author.
No to discredit it, but it's still uncertain to use it for future signals considering it was "aligned" on past data. Time will tell.
Andy_D
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@DietToothepaste, yeah well, same goes with the Pi Cycle Top Indicator... which called the first peak of this cycle ... either way.. shouldn't be used as the only data-point, but rather, for further confluence..
This indicator is a "curve fitting" indicator.
It has been modified to match up with past bottoms from the author.
No to discredit it, but it's still uncertain to use it for future signals considering it was "aligned" on past data.
Time will tell.