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.
you posted it in december 7 to drop but it was when bull.market started
chameleon23
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Lars, is there a reason to use the 2nd, 3rd or 4th harmonic of the dominant cycle, rather than just half of the dominant cycle as a cRSI input? Does it provide earlier entries? Or perhaps a harmonic can be used on lower timeframes for intraday trading? Thank you.