Bitcoin shows cyclic sell signals on daily and weekly charts
Two of my favorite cyclical technical indicators show sell signals on the daily and weekly Bitcoin chart.
The first top indicator is a parameter-less ultra-smooth, zero-lag momentum indicator based on the current dominant cycle. The second, bottom indicator is a cyclic smoothed RSI indicator using the current dominant cycle. The main dominant cycle in Bitcoin is currently 268 day. Therefore using a cRSI length on the daily of 67 (4th harmonic ) and 38 on the weekly charts (268/7).
Signals on the chart have been marked with dotted lines and sell/buy arrows when both indicators are in alignment. Buy/sell arrows are synced between the daily and weekly chart.
An interesting alignment is forming right now.
The two indicators are available as open-source versions in the "related ideas" section.
The first top indicator is a parameter-less ultra-smooth, zero-lag momentum indicator based on the current dominant cycle. The second, bottom indicator is a cyclic smoothed RSI indicator using the current dominant cycle. The main dominant cycle in Bitcoin is currently 268 day. Therefore using a cRSI length on the daily of 67 (4th harmonic ) and 38 on the weekly charts (268/7).
Signals on the chart have been marked with dotted lines and sell/buy arrows when both indicators are in alignment. Buy/sell arrows are synced between the daily and weekly chart.
An interesting alignment is forming right now.
The two indicators are available as open-source versions in the "related ideas" section.
