Bitcoin Pi Cycle Bottom Indicator says the BOTTOM IS IN! 🚀

The crypto market indicators are all flashing bottom signals! The Bitcoin pi cycle bottom indicator has called the market bottom on multiple occasions in the past! The moon boys are making youtube videos about it every day now, HOWEVER! We know better. We know that the cryptocurrency asset class, is part of a larger economic ecosystem - and therefore we understand the fact that we need to step back, assess the situation, and ask ourselves if these indicators have utility in this cycle or is it all a trap? We perform a Bitcoin price analysis and a historical perspective from the stock market throughout it's history to determine if this time is different? Or if we've seen it all before.

#bitcoin #picyclebottom #cryptocurrency #bearmarket

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[ruimedina]

I deeply appretiate all your videos. The care and nuance that you bring to the discussion is incredible and I just wanted to express how grateful and thankful I am for your videos. Have been watching for a couple months and your work here is just incredible! Thank you so much!

[davidegan]

Please keep making videos and giving your view points. You are the best crypto youtuber.

[Gerdam]

I cant understand how you don't have millions of followers. Your analysis is sublime, even artistic.

[YahalloChan]

Finally a good youtuber that knows what they are talking about it's crazy how people get bullish all of a sudden although I am open minded of this being the bottom it's just hard for me to think we are going to recover to ATH in this environment. I feel like newer investors are spoiled in a way since they never experienced a multi year bear market (they are used to quicker recoveries) and I feel that will cause a domino effect that will lead to the most disastrous crash they never seen before. I don't think btc or crypto will die since I am long term bullish, but staying on the sideline waiting can potentially be life changing. Either way I'm ready for either direction and nice content will for sure sub! :D

[Beck-Stein]

There are so many slime balls in the crypto space. I stopped listening to noise and now only focus on Jay for almost a year now.

[blueguitarist]

Totally agree Jay. I remember you showing in another vid the S&p dropping to the 39 year moving average. No one in the crypto market takes that into account

[AHHHHHHH]

Your channel reminds me of James Investanswers. Keep up the good work

[kurtisjackson]

Good job. All these things you speak of are true. The question is when will these interest rate hikes become unmanageable for the amount of debt the country has. You must remember they have never had this amount of debt when they raised interest rates in the past. I believe they have 1 or 2 more hikes before they will have to reverse course and turn on money printer or start lowering interest rates. Good point you make though.

[sabyasachister]

Absolutely right. These are unprecedented circumstances and all past indicators can get invalidated. Times are so tight that even btc miners are struggling to pay their operating costs and the energy crisis does not look to resolve itself anytime soon. Many more black swan events can occur and shake markets abruptly and to the core. In fact a similar event happenned around 29 Mar, 2022 when btc touched the 200 day MA and many bullish that it would go to 50K. But then the Fed said it would start reducing its balance sheet and the trend reversed. Great video as always and thanks for the detailed analysis.

[Tails_Trades]

I really enjoy your perspective and honestly I don't see anyone showing the things you show. Thank you dude.

[cblanza]

Jay another great perspective video. This one had it all lmao, a little history lesson, (charts from the 1800s in a crypto video lmao, that's got to be a first)! The Civil War (1865), kreuger crash, wwII, great depression, stock market bubble, the great inflation, and finally the first epoch of the cryptocurrency market (and if your analysis holds, we'll be moving into the second epoch). Lmao my dude just did a run through of American economic history. And there are less than 6k subs. What an unjust world.

[johan]

Agree, BTC does not exist in isolation, so you need to see those indicators in context.

[njw]

great analysis, i'm really a big fan of looking at market data and not treating bitcoin as some magical outlier, it's just an over leveraged unregulated risk on asset.

[Eric-itwe]

I would like to see the S&P500 relative to the M2 money supply given the strong correlation between the two, in addition to the graphs shown here. I love the long term perspective to be reminded that there are much larger forces at play beyond the CPI numbers for a couple of months - thanks!

[cryptovillian]

the black shirt is throwing me off ...

[Miketamine]

Calm down brochacho, BTC will not go under 18.000 usd. This is the bottom because it stagnated for weeks in this area after they all crashed hard. If you scare people they will sell now thinking it's still high and the shit will crash because of mass sellers. This is where the HOLDERS get rich and keep on buying.

[Flavius]

Yeah, this îs the bottom definitely, raging bull market from now on! BTC 100k by end of 2021!

[Lorenzo-gtxg]

Pi cycle bottom indicator is not accurate. It's the same with the pi cycle top, I tried shorting when pi cycle top flashed, only got stopped out after few days and BTC keeps pumping.

[nathanielvernon]

There's no triple bullish divergence on the daily time frame. Bottom is not in yet 14k>16k

[KK-sggl]

I don’t care about indicators, as I’m just a HODLER, but for the same reasons you can’t apply the past to the now for one side, you can’t apply it to the other side either. Bitcoin is still early in the adoption phase, the supply inflow gets halved every four years, many coins are already lost, and it’s global, with even countries putting it on their balance sheets. The only other asset close to it is gold, not a single countries stock market. I hope the institutions get scared and sell out, but I doubt they will.

So I’m just saying that even though it took the S&P 10 years to recover in the 70’s, recovery will be much shorter for Bitcoin, due to where it is in its lifetime.

Shouldn’t be trying to time the bottom anyway…oh and “the crypto industry” isn’t Bitcoin.