The Indicator Pi Cycle was been very accurate in the past. It has been quite effective in determining tops and bottoms. About Pi Cycle Indikator TOP: It uses the cross of 111 day SMA and 350x2 day SMA. About Pi Cycle Indikator BOTTOM: It uses the cross of 150 day SMA and 471x0.745 day EMA. And the RSI is below 50, which is also a clear bottom signal imo.
My recommendation as always: Buy the dips and hodl. 😀
--
Let's see what happens. Happy trading.
BTCINVESTING
--
--
My Post Apr 17, 2021 "BTCUSD: Whats about PiCycle? A bearish signal?"
[url= ]
My Post Dec 15, 2021 "BTCUSD: Difference - Bearish Downtrend | Bullish Accumulation"
[url= ]
My Post Apr 15, 2019 (3 year ago!). I was one of the first btw. ;-)
@ekerks3000, you will never see 500 usd btc. or even 5000. but I am sure you are counting your pnl for your shorts already
WorldEconomics
â‹…
The title would be better stated "I personally believe, in my opinion, the bottom is in for Bitcoin"... you state it with a certainty that is baseless. You forget March 2020? Bitcoin got cut more than 50%.. the worst asset by percentage during the March 2020 sell off. Trust me, you have ZERO clue what the bottom is. I do, its $0. There are no plunge protections for bitcoin. When it goes, it goes. With the horrible economic data and looming July 29th recession risk, I don't see how it goes up. Bitcoin is conjoined to the hip with stocks, and from what a little birdie told me, stocks don't typically go up when the economy is going down. But who knows, today, good is good, bad is good, and good is bad.
TheBullspot
â‹…
This is another joker. This is going down.
BTCINVESTING
â‹…
@TheBullspot, lets see. more than 90% are bearish. this is for me the sign that the bottom is in imho. thx for your comment. :-)
CRYPTORIONcom
â‹…
DCA in since 2 weeks. So I'm happy about the PI-Cycle feedback. Started to DCA in because it felt like the bottom for me :) Great Chart! Keep it up
Set some bids around $500