OPEN-SOURCE SCRIPT
BTC Pi Cycle Top - Diminishing Version (As seen on ITC)
This is an indicator shown on Into The Cryptoverse. Video posted on Nov 25 2024.
The video goes to explain that the Pi Cycle top indicator has successfully called 3 market tops (1 via backtesting, and 2 subsequent in a row). The video goes on to say that there is a chance, due to diminishing returns, that this indicator may not detect the 2024/2025 market top due to this.
This indicator, which is a modified version of the Pi Cycle top, is made using the formula 111 DAY SMA / (350 Day SMA * 2)
The indicator shows that there have been diminishing peaks , and to take this into consideration, as a descending trend can be seen by drawing a trendline across these peaks.
youtube.com/watch?v=yOp27xcksAw&ab_channel=BenjaminCowen
The video goes to explain that the Pi Cycle top indicator has successfully called 3 market tops (1 via backtesting, and 2 subsequent in a row). The video goes on to say that there is a chance, due to diminishing returns, that this indicator may not detect the 2024/2025 market top due to this.
This indicator, which is a modified version of the Pi Cycle top, is made using the formula 111 DAY SMA / (350 Day SMA * 2)
The indicator shows that there have been diminishing peaks , and to take this into consideration, as a descending trend can be seen by drawing a trendline across these peaks.
youtube.com/watch?v=yOp27xcksAw&ab_channel=BenjaminCowen
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