BTC Long-Term Analysis: The Pi Cycle Top
I came across a very interesting theory that I've been researching and charting. Created by Philip Swift, The Pi Cycle Top Indicator has historically been effective in picking out the timing of market cycle highs to within 3 days. It uses the 111-day moving average (111DMA) and a newly created multiple of the 350-day moving average, the 350DMA x 2.
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
The Pi Cycle top has been very effective in marking the Tops of Bitcoin markets, and I'll be updating you all when the MA's cross and we have the next cycle top, which is probably a good time to take some profits. Good luck 👍
For the past three market cycles, when the 111DMA moves up and crosses the 350DMA x 2 we see that it coincides with the price of Bitcoin peaking.
It is also interesting to note that 350 / 111 is 3.153, which is very close to Pi = 3.142. In fact, it is the closest we can get to Pi when dividing 350 by another whole number.
It once again demonstrates the cyclical nature of Bitcoin price action over long time frames. Though in this instance it does so with a high degree of accuracy over the past 7 years.
The Pi Cycle top has been very effective in marking the Tops of Bitcoin markets, and I'll be updating you all when the MA's cross and we have the next cycle top, which is probably a good time to take some profits. Good luck 👍
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.