Some fractal magic.
Not expecting much from this, but interested to see how it compares this time around.
> This is not financial advice, I'm not a financial advisor. <
The Mayer Multiple has proven over time to be a relatively good signal to get back into cryptocurrencies, also based on BTC making higher highs, I feel now is a good time to buy a big chunk of bitcoin, if we do continue to go lower, which is possible I will hold onto my coins but be accumulating throughout next year. Although I do not feel we will go below 6,000...
The Mayer Multiple (named after investor Trace Mayer) is a statistical estimator which can be used for investing strategies.
Mayer Multiple = Spot Price / 200 Daily Moving Average
The 200 daily moving average covers the last 40 weeks of trading and is considered a major long-term support/resistance so it is not chosen arbitrarily here.
The Mayer Multiple...