{"id":8430,"date":"2022-09-09T22:26:55","date_gmt":"2022-09-09T22:26:55","guid":{"rendered":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/09\/bitcoin-bottoms-as-easy-as-pi\/"},"modified":"2022-09-09T22:26:55","modified_gmt":"2022-09-09T22:26:55","slug":"bitcoin-bottoms-as-easy-as-pi","status":"publish","type":"post","link":"https:\/\/freakcryptos.com\/index.php\/2022\/09\/09\/bitcoin-bottoms-as-easy-as-pi\/","title":{"rendered":"Bitcoin Bottoms: As Easy As Pi?"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div wp_automatic_readability=\"85.782394366197\">\n<p>In this episode of NewsBTC\u2019s <a href=\"https:\/\/www.youtube.com\/watch?v=VXfyLKxyCCw&amp;list=PLcOfhdUALFaOXvxuoWoCWZoYXc7iq-brg\" target=\"_blank\" rel=\"noopener\">daily technical analysis videos<\/a>, <span style=\"font-weight: 400\">we evaluate previous Bitcoin bottoms and tops utilizing the Pi Cycle Bottom and Pi Cycle Top indicator. \u00a0We additionally dive into current feedback from John Bollinger, creator of the Bollinger Bands.\u00a0<\/span><\/p>\n<p>Take a take a look at the video beneath:<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0September 9, 2022<\/h2>\n<p style=\"font-weight: 400\">This video offers an in depth take a look at Bitcoin market cycles utilizing the Pi Cycle Bottom indicator and different instruments. A current change between Tony \u201cThe Bull\u201d and the creator of the Bollinger Bands can also be a subject of dialogue and corresponding evaluation.<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"VUtXPvGLbbo\"><iframe loading=\"lazy\" title=\"Bitcoin Bottoms: As Easy As Pi\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/VUtXPvGLbbo?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<h3>Are Bitcoin Bottoms As Easy As Pi?<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.lookintobitcoin.com\/charts\/pi-cycle-top-indicator\/\" target=\"_blank\" rel=\"noopener\">Pi Cycle Bottom indicator<\/a> fired again in July, however worth motion retested lows for a second time. Looking again throughout historical past, it&#8217;s visually clear that the device has been pretty exact in its high and backside alerts.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">For additional reassurance, we used technical indicators just like the <a href=\"https:\/\/www.newsbtc.com\/topic\/relative-strength-index\/\">Relative Strength Index<\/a> and LMACD.\u00a0 As a reminder, the LMACD is the logarithmic model of the MACD, which offers alerts throughout excessive timeframes that permit for higher comparability from cycle to cycle.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bearish momentum ran out of steam at the very same level prior to now two market cycles on weekly timeframes, which simply so occurred to coincide intently with the pi cycle backside indicator firing. RSI additionally reached oversold ranges each earlier cases.\u00a0<\/span><span style=\"font-weight: 400\">Layer in some cyclical instruments, and we&#8217;ve what seems to be a sample. <\/span><\/p>\n<p>\u00a0<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-501816 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-860x513.png\" alt=\"BTCUSD_2022-09-09_14-16-56\" width=\"860\" height=\"513\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-860x513.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-460x275.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-768x458.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-1536x917.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-2048x1223.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-750x448.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-16-56-1140x681.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">A historic take a look at previous Pi cycle Bottom and Top alerts. | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" wp_automatic_readability=\"8.890977443609\">\n<p lang=\"en\" dir=\"ltr\">While everyone seems to be extremely bearish and anticipating new lows in <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>, instruments with 100% success price counsel the worst is behind us and are in sync with previous cycle bottoms. <a href=\"https:\/\/t.co\/mrk0zJFFhK\">pic.twitter.com\/mrk0zJFFhK<\/a><\/p>\n<p>\u2014 Tony &#8220;The Bull&#8221; Spilotro (@tonyspilotroBTC) <a href=\"https:\/\/twitter.com\/tonyspilotroBTC\/status\/1568214506278453248?ref_src=twsrc%5Etfw\">September 9, 2022<\/a><\/p>\n<\/blockquote>\n<p>\u00a0<\/p>\n<h3>Examining The Bollinger Bounce<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">The <a href=\"https:\/\/www.newsbtc.com\/topic\/bollinger-bands\/\">Bollinger Bands<\/a> have been not too long ago behaving as previous setups, with the newest being the underside at $29K the primary time, earlier than it finally breaking down after it was revisited this yr.\u00a0<\/span><\/p>\n<p>The final main backside additionally had an identical, but much less pronounced bullish divergence on the RSI. The present setup additionally seems to be much like the October 2019 \u201cChina Pump\u201d the place Bitcoin climbed greater than 40% in below 72 hours.<\/p>\n<p>The same transfer of such magnitude would take the main cryptocurrency by market cap to greater than $26,000 per coin by Monday afternoon. However, the device\u2019s creator, John Bollinger, <a href=\"https:\/\/twitter.com\/bbands\/status\/1567256569544609792?s=21&amp;t=uwAwd3Gx-HX5pV3YvVzR6g\" target=\"_blank\" rel=\"noopener\">warns<\/a> that the present setup lacks the mandatory \u201csqueeze\u201d for a \u201chead fake\u201d \u2013 terminology that&#8217;s particular to the wave the Bollinger Bands behave.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-501817 aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-860x489.png\" alt=\"BTCUSD_2022-09-09_14-18-47\" width=\"860\" height=\"489\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-860x489.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-460x262.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-768x437.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-1536x873.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-2048x1164.png 2048w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-750x426.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/09\/BTCUSD_2022-09-09_14-18-47-1140x648.png 1140w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><\/p>\n<pre style=\"text-align: center\">Is this an identical setup? | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\" target=\"_blank\" rel=\"noopener\">BTCUSD on TradingView.com<\/a><\/pre>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\" wp_automatic_readability=\"8.8815789473684\">\n<p lang=\"en\" dir=\"ltr\">It wasn&#8217;t a correct Squeeze so it may well&#8217;t be a Head Fake.<br \/>But, if we reverse tomorrow it could possibly be good commerce.<\/p>\n<p>\u2014 John Bollinger (@bbands) <a href=\"https:\/\/twitter.com\/bbands\/status\/1567256569544609792?ref_src=twsrc%5Etfw\">September 6, 2022<\/a><\/p>\n<\/blockquote>\n<p>Learn crypto technical evaluation your self with the NewsBTC Trading Course. <a href=\"https:\/\/www.newsbtc.com\/trading-courses\/\">Click here<\/a> to entry the free academic program.<\/p>\n<p><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/tonyspilotroBTC\"><b><i>@TonySpilotroBTC on Twitter<\/i><\/b><\/a><b><i> or be a part of\u00a0<\/i><\/b><a href=\"https:\/\/t.me\/TonyTradesBTC\"><b><i>the TonyTradesBTC Telegram<\/i><\/b><\/a><b><i> for unique every day market insights and technical evaluation training<\/i><\/b><b><i>. Please observe: Content is\u00a0academic and shouldn&#8217;t be\u00a0thought-about funding recommendation.<\/i><\/b><\/p>\n<pre>Featured picture from iStockPhoto, Charts from TradingView.com<\/pre>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/watch-bitcoin-btcusd-september-9-2022\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of NewsBTC\u2019s daily technical analysis videos, we evaluate previous Bitcoin bottoms and tops utilizing the Pi Cycle Bottom and Pi Cycle Top indicator. \u00a0We additionally dive into current feedback from John Bollinger, creator of the Bollinger Bands.\u00a0 Take a take a look at the video beneath: VIDEO: Bitcoin Price Analysis (BTCUSD):\u00a0September 9, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[20,4117,4118],"class_list":{"0":"post-8430","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-bitcoin","9":"tag-bottoms","10":"tag-easy"},"_links":{"self":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/comments?post=8430"}],"version-history":[{"count":1,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8430\/revisions"}],"predecessor-version":[{"id":8431,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/posts\/8430\/revisions\/8431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media\/8432"}],"wp:attachment":[{"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/media?parent=8430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/categories?post=8430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/freakcryptos.com\/index.php\/wp-json\/wp\/v2\/tags?post=8430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}