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Bitcoin Pi Cycle Top Indicator - Daily Timeframe Only

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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
Versionshinweise:
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
Open-source Skript

Ganz im Spirit von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es besser verstehen und überprüfen können. Herzlichen Glückwunsch an den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Veröffentlichung unterliegt den Hausregeln. Sie können es als Favoriten auswählen, um es in einem Chart zu verwenden.

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