ChartNChill
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Bitcoin Pi Cycle Top Risk Indicator
In this article, I’ll walk you through the #bitcoin Pi Cycle Top Risk Indicator — a tool based on the well-known Pi Cycle Top Indicator.
By the end, we’ll have a new lens to analyze $BTC market cycles. 👇
First, a quick recap of the original Pi Cycle Top Indicator. It uses two moving averages:
— 111-day MA (111DMA)
— 350-day MA × 2 (350DMA x 2)
A bullish crossover (111DMA crossing above 350DMA×2) historically predicted BTC tops within 3 days.
However, one sould know that in 2021 the signal
By the end, we’ll have a new lens to analyze $BTC market cycles. 👇
First, a quick recap of the original Pi Cycle Top Indicator. It uses two moving averages:
— 111-day MA (111DMA)
— 350-day MA × 2 (350DMA x 2)
A bullish crossover (111DMA crossing above 350DMA×2) historically predicted BTC tops within 3 days.
However, one sould know that in 2021 the signal
Starting to see some intriguing levels for smaller #altcoins in general:
First chart — Ratio of altcoins (outside top 10) to Bitcoin on a log scale. Why log? Because the channel looks neat. The ratio is now sitting on dynamic support - though it still has the room to go lower if the channel breaks.
Second chart — Mid & #LowCaps vs large caps. We're already seeing a slight bounce from a key trendline.
Most altcoins have been underperforming hard for a while. It's hard to believe it is going to change anytime soom with all the macro uncertainty.
But what if the tide’s about to turn...? 👀
First chart — Ratio of altcoins (outside top 10) to Bitcoin on a log scale. Why log? Because the channel looks neat. The ratio is now sitting on dynamic support - though it still has the room to go lower if the channel breaks.
Second chart — Mid & #LowCaps vs large caps. We're already seeing a slight bounce from a key trendline.
Most altcoins have been underperforming hard for a while. It's hard to believe it is going to change anytime soom with all the macro uncertainty.
But what if the tide’s about to turn...? 👀
$ETH market dominance has dropped to a historically significant zone. These are the lowest dominance levels Ethereum has seen since 2019 — and its all-time low sits at 7.09%. It has never dipped below that in its entire history.
Meanwhile, the #ETH/BTC pair is still 10-15% above its 2019 bottom — also getting very close.
It’ll be interesting to see how Ethereum reacts here. *grabbing popcorn*
Meanwhile, the #ETH/BTC pair is still 10-15% above its 2019 bottom — also getting very close.
It’ll be interesting to see how Ethereum reacts here. *grabbing popcorn*
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