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Bitcoin: Pi Cycle Top Indicator

2024-08-21 Entertainment
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Benjamin Cowen
Benjamin Cowen
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Description

The Pi Cycle Top indicator was created by Philip Swift back in 2019 to predict Bitcoin's top within three days. It has gained great popularity when it also predicted Bitcoin's local top within three days back in April 2021. The indicator signals a top whenever the 111 DMA crosses above the 350 DMA * 2, these crossovers are shown as white dotted lines in the chart. The name "Pi Cycle Top" comes from the fact that the fraction 350/111 is as close as one can get to Pi (3.1415...) when dividing the integer 350 by another integer. The Pi Cycle Bottom indicator was created by Doncic, who was inspired by Philip Swift's Pi Cycle Top indicator. This indicator was therefore created at a later time, around June of 2021 and by a different author. The indicator signals a bottom whenever the 150D EMA crosses below the 471D SMA * 0.745, these crossovers are shown as white dotted lines in the chart. The name "Pi Cycle Bottom" comes from the fact that the fraction 150 * Pi (3.1415...) is about 471. One could argue that because of the increased arbitrariness of moving average types and numbers (such as the .745 multiplication), that this indicator should be treated differently from the pi cycle top indicator. Follow Phillip Swift on Twitter: https://twitter.com/PositiveCrypto Into The Cryptoverse Premium SALE: https://intothecryptoverse.com Into The Cryptoverse Newsletter: https://newsletter.intothecryptoverse.com/ LIFETIME OPTION: https://intothecryptoverse.com/product/subscription-to-the-premium-list-lifetime/ Alternative Option: https://www.patreon.com/intothecryptoverse Merch: https://store.intothecryptoverse.com/ Disclaimer: The information presented within this video is NOT financial advice. Telegram: https://t.me/intocryptoverse Twitter: https://twitter.com/intocryptoverse TikTok: tiktok.com/@benjamincowencrypto Instagram: https://www.instagram.com/bjcowen/ Discord: https://discord.gg/UGwc6eR Facebook: https://www.facebook.com/groups/intothecryptoverse Reddit: https://www.reddit.com/r/intothecryptoverse/ Website: https://intothecryptoverse.com/

Top Comments (10)

@21__Million 2024-08-21

I appreciate you for making such great videos. May suggest if you could summarize/give conclusion at end of the video that will help lot of people to understand. Thanks

134 11 replies
@Wes-75786 2024-08-21

Waiting for the Ben Cycle indicator

48
@mehdizoghi4498 2024-08-22

I’m a data scientist, I really appreciate that you talk based on the data and not based on nonesense like other Youtubers

43 2 replies
@bssb936 2024-08-21

Thanks Ben. In April 2021 when it crossed it was generally ignored by masses as we were all convinced that btc was going to 100k.

41 5 replies
@anthonyfox477 2024-08-21

OG - who else is looking at diminishing ratio of pi cycle top!! Lots of people rely on this metric as a good standard. Interesting to consider a case where it doesn't flash this time.

23 3 replies
@Eric-sk1rp 2024-08-21

When social interest peaks, I want Ben to put out every Top indicator video there is

23
@SteevE-G 2024-08-21

Hi Ben, The low PI level, recorded at just 1 in early 2021, can likely be attributed to the fact that it was the first of two peaks that year. Had this initial peak not occurred, allowing only the October/November peak to take place, I believe the PI cycle might have reached higher levels. I bring this up because, looking ahead to 2024-2025, it seems we are taking more time to develop the bull run. This could potentially allow the PI cycle to achieve its level 1 target. In my view, it’s gearing up to work once again. You’re absolutely right, though—once we hit the 0.85 mark, and especially as we approach 0.9, it will be crucial to monitor the signal and manage our portfolio very carefully.

19
@benjaminjcowen 2024-08-21

Into The Cryptoverse Premium SALE: https://intothecryptoverse.com

18 3 replies
@wasdaddy13 2024-08-21

I’ve been waiting for this video a long time

5
@philipclarke6826 2024-08-21

Thank you once again Ben! I like referring to the '2019 Camp'. Put my tent there.

4

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