As you know, BTC has made all time high not so far ago. That’s why we decided to tell you about one of the most powerful indicators that helps traders to recognize the market reverse after peaking. Well, today we’ll speak Pi Cycle Top Indicator.
The indicator consists of two Moving averages: 350DMA*2 and 111DMA. In fact, 350/111=3,153 which is really close to Pi=3,142. Probably, it demonstrates the cyclicality of Bitcoin. Moreover, it is confirmed by last 3 cycles of BTC market and all times the indicator gave a signal, trend reversed.
How to work with Pi Cycle indicator? When the 111 moving average reaches the 350DMA*2 it means that BTC is on its peak and it’s time to quit the position. However, we’d advice you to use it with other indicators and oscillators, to look for the trend reverse or continuation patterns and so on.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.