OPEN-SOURCE SCRIPT

Bitcoin Pi Cycle Top Indicator - Daily Timeframe Only

Telah dikemas kini
1 Day Timeframe Only

The Bitcoin Pi Cycle Top Indicator has garnered attention for its historical effectiveness in identifying the timing of Bitcoin's market cycle peaks with remarkable precision, typically within a margin of 3 days.

It utilizes a specific combination of moving averages—the 111-day moving average and a 2x multiple of the 350-day moving average—to signal potential tops in the Bitcoin market.

The 111-day moving average (MA): This shorter-term MA is chosen to reflect more recent price action and trends within the Bitcoin market.

The 350-day moving average (MA) multiplied by 2: This longer-term MA is adjusted to capture broader market trends and cycles over an extended period.

The key premise behind the Bitcoin Pi Cycle Top Indicator is that a potential market top for Bitcoin can be signaled when the 111-day MA crosses above the 350-day MA (which has been doubled). Historically, this crossover event has shown a remarkable correlation with the peaks of Bitcoin's price cycles, making it a tool of interest for traders and investors aiming to anticipate significant market shifts.

#Bitcoin
Nota Keluaran
The Bitcoin Pi Cycle Top Indicator has garnered attention for its historical effectiveness in identifying the timing of Bitcoin's market cycle peaks with remarkable precision, typically within a margin of 3 days.

It utilizes a specific combination of moving averages—the 111-day moving average and a 2x multiple of the 350-day moving average—to signal potential tops in the Bitcoin market.

The 111-day moving average (MA): This shorter-term MA is chosen to reflect more recent price action and trends within the Bitcoin market.

The 350-day moving average (MA) multiplied by 2: This longer-term MA is adjusted to capture broader market trends and cycles over an extended period.

The key premise behind the Bitcoin Pi Cycle Top Indicator is that a potential market top for Bitcoin can be signaled when the 111-day MA crosses above the 350-day MA (which has been doubled). Historically, this crossover event has shown a remarkable correlation with the peaks of Bitcoin's price cycles, making it a tool of interest for traders and investors aiming to anticipate significant market shifts.

#Bitcoin
Bitcoin (Cryptocurrency)halveninghalvinghalving2024Moving Averagespicyclepicycletoppicycletopindicator

Skrip sumber terbuka

Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Ingin menggunakan skrip ini pada carta?

Penafian