The 2.4 mayer multiple has in the previous bull cycle been a good point for the Bulls to pause and consolidate. As linear (i.e. conservative, because it is more likely to curl up) extention of the current 2.4Mayer Multiple trajectory can get BTC to 34k in January, or at least 39k in March
This is an update to a previous post noting the resemblance of the Mayer Multiple breakout to the trend in early 2013. Unfortunately, that post and several others were apparently in violation of TradingView rules because I had linked to my twitter account and emails.
Anyways, since then the multiple has reverted back to the 2SD line. I'm increasingly convinced...