[Daily Discussion] - Sunday, August 08, 2021 Bitcoin Markets

Posted: 07 Aug 2021 09:00 PM PDT

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Posted: 08 Aug 2021 09:31 AM PDT

The pi cycle top indicator predicts tops when the 111DMA cross with the 350DMAx2

So far it has been correct every time which is 4 times so far

We're going to use this formula to compare it's final 111 days with the 239 (350-111) days preceding it

b=239a+111b/175

b=3.734a

''b'' is the average price of it's final 111 days before the top

''a'' is the average price of the 239 days preceding those 111 days

So for the pi cycle indicator to cross, the average price of the final 111 days need to be 3.734x greater than the 239 days preceding it

Example scenario 1:

If bitcoin happens to top 111 days from today, using the 239 DMA which is 42k,

42x3.734=156.828....So, the next 111 days would need to average 157k

Example scenario 2:

If bitcoin were to top at the end of April 2022 at 200k, bitcoin would need to average approx 42k for 2021

Conclusion:

For bitcoin to be confluent with most other top indicators (roughly 200k). Bitcoin needs to average approx 40-45k for the 239 days.

If bitcoin were to reach 200k next year, it may appear strange but bitcoin looks like it might become ahead of schedule

Bitcoin averaging 40-45k for 239 days looks unlikely unless the pi cycle top ends up much higher than 200k

It's possible the pi cycle indicator cannot work with lengthening cycle theory because it assumes a strong final 111 days and a weak 239 days

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