2013 Market Cycle
January to April 2013:
• BTC price started trading above the PI Cycle Top indicator, signifying a strong
uptrend.
• Price consistently held above the daily 10 EMA for the entirety of the movement,
confirming bullish momentum.
Key Corrections During the Uptrend:
Date Correction (%) Duration
March 6-7 30% 2 days
March 12 24% 1 day
March 23 25% 1 day
March 28 20% 1 day
April 4 18% 1 day
Summary:
• Total of 5 major corrections during the uptrend.
• Price consistently traded above the PI Cycle Top indicator for 70 days until reaching
the top on April 10.
----------------------------------------------------------------------------------------------------------
2013-2014 Market Cycle
October 2013 to December 2013:
• BTC price began another strong uptrend, trading above the PI Cycle Top indicator
starting in October.
Key Corrections During the Uptrend:
Date Correction (%) Duration
October 24 24% 1 day
November 10 20% 1 day
November 19-20 50% 2 days
December 10 30% 1 day
December 13 29% 1 day
Transition to Downtrend:
• A double top pattern emerged after the December corrections.
• The price fell below the 10 EMA, signaling the start of a bear market.
Summary:
• Price traded consistently above the PI Cycle Top indicator for 46 days until the top in
December 2013.
----------------------------------------------------------------------------------------------------------
2017-2018 Market Cycle
May 2017 to December 2017:
• BTC price began trading consistently above the PI Cycle Top indicator in late May
2017.
Key Corrections During the Uptrend:
Date Correction (%) Duration
May 25-27 30% 3 days
June 12 39% 35 days
September 2 40% Shorter than June
November 8 30% 1 day
December 8 23% 1 day
Summary:
Despite temporary corrections, the price maintained its uptrend and traded above
the PI Cycle Top indicator for 80 days until the top on December 17.
---------------------------------------------------------------------------------------------------------------
2020-2021 Market Cycle
December 2020 to April 2021:
• BTC price began trading above the PI Cycle Top indicator on December 17, 2020.
Key Corrections During the Uptrend:
Date Correction (%) Duration
January 9 30% 19 days
February 22 25% 6 days
March 14 18% 12 days
Summary:
• Price maintained its uptrend and traded consistently above the PI Cycle Top
indicator until the cycle top on April 14, 2021.
Overall Observations Across Cycles:
1. The PI Cycle Top indicator serves as a reliable reference for identifying strong
uptrends.
2. Corrections of 20%-50% are common but often see recoveries above the 10 EMA or
50 EMA, depending on the market phase.
3. Prolonged trading above the PI Cycle Top indicator (ranging from 46 to 80 days) often
precedes market tops.
4. Patterns of corrections and recoveries provide insights into market sentiment and
momentum during each cycle.
Additional Insight:
• Over the cycles, every time the price consolidates above the PI Cycle Top indicator
and forms a base over or around daily 10 EMA, it has indicated the start of an
uptrend movement that eventually leads to the market top.
2013
2014
2017
2020
January to April 2013:
• BTC price started trading above the PI Cycle Top indicator, signifying a strong
uptrend.
• Price consistently held above the daily 10 EMA for the entirety of the movement,
confirming bullish momentum.
Key Corrections During the Uptrend:
Date Correction (%) Duration
March 6-7 30% 2 days
March 12 24% 1 day
March 23 25% 1 day
March 28 20% 1 day
April 4 18% 1 day
Summary:
• Total of 5 major corrections during the uptrend.
• Price consistently traded above the PI Cycle Top indicator for 70 days until reaching
the top on April 10.
----------------------------------------------------------------------------------------------------------
2013-2014 Market Cycle
October 2013 to December 2013:
• BTC price began another strong uptrend, trading above the PI Cycle Top indicator
starting in October.
Key Corrections During the Uptrend:
Date Correction (%) Duration
October 24 24% 1 day
November 10 20% 1 day
November 19-20 50% 2 days
December 10 30% 1 day
December 13 29% 1 day
Transition to Downtrend:
• A double top pattern emerged after the December corrections.
• The price fell below the 10 EMA, signaling the start of a bear market.
Summary:
• Price traded consistently above the PI Cycle Top indicator for 46 days until the top in
December 2013.
----------------------------------------------------------------------------------------------------------
2017-2018 Market Cycle
May 2017 to December 2017:
• BTC price began trading consistently above the PI Cycle Top indicator in late May
2017.
Key Corrections During the Uptrend:
Date Correction (%) Duration
May 25-27 30% 3 days
June 12 39% 35 days
September 2 40% Shorter than June
November 8 30% 1 day
December 8 23% 1 day
Summary:
Despite temporary corrections, the price maintained its uptrend and traded above
the PI Cycle Top indicator for 80 days until the top on December 17.
---------------------------------------------------------------------------------------------------------------
2020-2021 Market Cycle
December 2020 to April 2021:
• BTC price began trading above the PI Cycle Top indicator on December 17, 2020.
Key Corrections During the Uptrend:
Date Correction (%) Duration
January 9 30% 19 days
February 22 25% 6 days
March 14 18% 12 days
Summary:
• Price maintained its uptrend and traded consistently above the PI Cycle Top
indicator until the cycle top on April 14, 2021.
Overall Observations Across Cycles:
1. The PI Cycle Top indicator serves as a reliable reference for identifying strong
uptrends.
2. Corrections of 20%-50% are common but often see recoveries above the 10 EMA or
50 EMA, depending on the market phase.
3. Prolonged trading above the PI Cycle Top indicator (ranging from 46 to 80 days) often
precedes market tops.
4. Patterns of corrections and recoveries provide insights into market sentiment and
momentum during each cycle.
Additional Insight:
• Over the cycles, every time the price consolidates above the PI Cycle Top indicator
and forms a base over or around daily 10 EMA, it has indicated the start of an
uptrend movement that eventually leads to the market top.
2013
2014
2017
2020
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.
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.