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Krownscryptocave

BTC Pi Cycle Top Indicator Signal.The Pi Cycle Top Indicator as created by Philip Swift has caught the eye of many traders and analysts (Including myself) as a possible tool to "call the top" of this market cycle. It is giving the "Signal" now, so should I automatically sell as it has always been a good idea previously to sell when the signal is given?? I would say that we can disregard the Pi Cycle Top signal in this case for the following reasons. All other Momentum Oscillators and Volatility metrics were giving obvious highs at each of the previous signals. This time the setup is distinctly different on both volatility metrics and on momentum oscillators, with most volatility metrics being close to their lows, and momentum oscillators hovering just slightly above their midlines. Personally (this is not financial advice, I am not a financial advisor) I will be completely disregarding the Pi Cycle Top signal as a consequence. I am interpreting the momentum oscillators coming back down near their midlines as a "Bullish reset" giving them room to run to the upside and volatility dropping near its lows as giving room to expand. I will remain bullish on Bitcoin until I see momentum oscillators breaking below their midlines or an obvious higher Timeframe reversal.
BITSTAMP:BTCUSDLong
by The_Caretaker
19
THIS CHART LOOKS SHITY ! DOWN TRENDI AM BTC STANDARD GUY . AS UGLYOLDGOAT AND TYLER JENKS ( R.I.P GRANDPA THAT I NEVER HAD) DESCRIBED IT I THINK THERE IS A PLACE TO BITCOIN IN PPLS DAY LIFE AND THE LAST THING I WANT TO LOSE MORE THAN I LOST ALREADY. I MADE A CHOICE FIRST IM A CHARTIST - A NEW ONE, MATURE AND MESSY. VERY VERY MESSY. AND IM LEARNING EVERY DAY TO CHART. THIS IS WERE ALL THE Q&A R EXIST ALL DESIGIONS, FEARS, HAPPINESS, TEARS, MACRO CROWD DESIGIONS, BIG PLAYERS AND MARKET MOVERS ALSO THE PPL THAT R NOT PARTICIPATE IN TRADING ALSO HERE BCAUSE SITTING ON THE BORDER OR NOT KNOWING ABOUT THE GAME IS ALSO PART OF THE MACRO GAME. IN ANY MARKET NOT ONLY CRYPTO. AFTER THIS PROLOG - PLZ ANSWER, DO YOU C THIS CHART BULL ? IF YOU LOOK ON THE TREND - YES IT IS IT IS BULLISH AS FUCKING SHTRONGOL BUT WHAT KEEPS IT UP ? THIS IS WEEKLY CHART AND THERE IS NO VOLUME AND I CARE LESS ABOUT VOLUME ON CANDLES ( THAT ALSO DECLINES AND LOOSING FUEL) BUT IT DOESN'T TELLS YOU HOW STRONG IS THE TREND. VPRV IS TELLING YOU THIS. AND - WHERE IS IT? GREEN BOX ON THE VPRV IS A FIFTH OR LESS THAN PREVIOUS YEARS ALSO FOUND NEW ( TO ME ) DOWN TREND CHANNEL THAT REJECTED ALREADY 5 TIMES - ORANGE ARROWS. USUALLY IF PRICE HITTING SAME RESISTANCE SEVERAL TIMES IT TEND TO BROKE - BUT 5 TIMES ALREADY IN 3 YEARS...? AND IN DECLINING ANGLE? THE YELLOW CIRCLE TELLS ME THAT THE TREND CHANNEL IS LEGIT- SO THE NEXT LOW IS WHAT ? 2500-2000$?? TONE VAYS GONNA GET 2 STEAKS FOR HIS BET ? LOOK AT RSI BREAKING UNDER 50, MACD - SAME. THE GREEN BOX IS THE PLACE WHERE WAS THE LAST SIGNIFICANT VPRV FROM WEEKLY PERSPECTIVE RIGHT NOW WE SITTING ON 50 EMASMA AND ORIGINAL S.A.R( LUCID S.A.R IF YOU SEARCH IN INDICATORS) MOVE TO 8200 PROBABLY WILL FLIP THE S.A.R AND BREAK THE EMASMA- AND THEY R USUALLY NOT CHAPPY INDICATORS ON BIG TF AS WEEKLY THE CHART JUST A CREATE ANOTHER LOWER LOW ... IT LOOKS LIKE FROM 08.2016 LESS AND LESS NEW MONEY COMING IN OR MABY THERE IS MORE MONEY COMING BUT NOT ENOUGH IN AMOUNT THAT NEEDED. ENOUGH TO OPEN "BITCOINS WALLET CHART " SOME HUGE SLEEPING WHALES, SOME HUGE DEAD WALLETS WITHOUT KEYS SOME CRYPTO EXCHANGE WALLETS THAT MOVES IN AND OUT OUR BITCOIN THAT WE TRADE . AND HUGE NUMBER OF WALLETS WITH MICRO AMOUNT OF SATOSHIS. ADOPTION AMONG SIMPLE PPL DECLINING WITH MULTIPLY ALTCOINS- ITS CONFUSING - "BITCOIN.COM" / "BITCOINSV" AND ALTS AND SOME HARD BITCOIN PERSONS THAT STARTS EYEING TO "ANOTHER GREAT UNDERGROUND FARYTALE MONEY" THATS WHY TETHER PROBABLY WILL B THE CRYPTO TREASURY DEPARTMENT ...THEY GONNA PRINT TETHER AS MUCH AS THE ENVIRONMENT NEEDED TO KEEP IN NOT ONLY HUGE AD/PROMO CHARITY FUND CAN HELP SPREAD THE IMPORTANCE OF BITCOIN- IM WATCHING THIS MARKET SINCE END 2017 UNCONDITIONALLY UNBITCOINERS HAVE MUCH HIGHER VOICE THAN BITCOIN STANDARD PPL SO THIS IS MY 50+ CENTS HOPE PPL THAT I TAGGED WILL NOT BAN ME FOR MY MATURE SHIT SORRY FOR MY ENG- LEARNED IT IN LAST 1.5 YEARS SINCERELY ME
BITSTAMP:BTCUSDShort
by justclueless123
2