WhenToTrade

Bitcoin shows cyclic sell signals on daily and weekly charts

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BITSTAMP:BTCUSD   比特币/美元
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.

Lars von Thienen

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