Of when we can expect the next Bitcoin top to arrive. The indicator has a inverse head and shoulders, with a amplitude that projects to reading of 2. Or 2X the 200d simple moving average. Some people will say doing TA on a indicator is foolish. Well I just did. And will be keeping a close eye of this important level.
Hi guys, So in this video, I'm showing you two of my favourite bitcoin indicators that show that bitcoin is looking to start the next phase of the bull run and not enter into a capitulation event down 40% that people are calling for. These indicators are free to use on TradingView and are: - NVT signal line - Mayer Multiple Bands Nothing in this video is...
In the last bull run temporary highs topped around the 2.4 Mayer Multiple. And the final blow-off top, topped at the 3.5 MM. So far this run it has played out identically. The current consolidation has put the btc price below the 1.7 MM again, so we can go up for another leg up. The current 2.4MM is around 92k. With a still rising 200MA 100k is not unlikely as...
We are currently held by the 2.4 Mayer Multiple. This is very very bullish. The 3.5 Mayer Multiple was a level where BTC has topped out before. I added linear extentions of the current mayer multiples. these are way more conservative that what the mayer multuple will be, because the 200MA is curving up, i.e. not-linear. If this continues as it is, a summer target...
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
In 2017 we grinded & lost the Mean Mayer Multiple band (white) Then we reclaimed it & backtested it twice (red box) Now we grinded & lost the Mean Mayer Multiple band (white) Then we reclaimed it & backtested it twice (redbox) Then we did 460$ in 13days. Will we do it again? who knows.
drop a like if this helps you out :) The Mayer Multiple is an insane indicator that helps investors know when its a good time to accumalate investments and when price enters into a bubble phase and its time to sell investments. whenever the indicator dips below 1 the histogram turns green. I set my value to 0.85 (found this works better)
In nutshells, BTC is short-term bearish and mid-term and long-term bullish The longer the BTC price stay away from 3.4k, the less likely the 3.4k will be revisited again. Three failed attempts at 10k have signaled the short-term bearish sentiment. Low volatility and volume in the past month could be the precursor to the big price movement. Fundamental...
Hello everyone, Some quick analysis with this divergence observed on NASDAQ:GPOR . High probability. Watch for the break of the blue line as this will confirm or infirm this analysis. Happy trading,
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 long liquidation of nearly 1.2 billion yesterday has cut the OI on Bitmex by nearly half. The bullish structure is broken, but the price managed to stay above the 3k low. Is this the the moment of paradigm shift for Bitcoin? Will the Macro (Fed repo injection) have positive impact on BTC price? How BTC price closes this week will have the tremendous impact...
Just another quick observation on the Mayer Multiple and trend analysis.
We are trading at the 200 Day moving average and the Mayer Multiple is looking pretty good, we have a S&R Flip, and are trading at a level i can't quite explain why, but the interactions of this level in past history of Mayer Multiple led to significant price moves. I'm using this tool as a road map to find strong buying and i believe we are at a good buying...
HVP has not indicated that we have met a new high in terms of volatility and MM is not showing signs of an upward break. This indicates we may follow the previous trend BTC has followed throughout conception. Previously after we reach an ATH, we retrace back down to our logarithmic curve and bounce along it multiple times before rallying to a new...
I believe we're in the run up toward bubble territory. This means that there is a big upside possible, but we shoudl take profit when there's a clear breach of 2.4 mm and as soon as a top is becoming visible.
Looking at the Bitfinex Long:Short ratio, and the Mayer Multiple, id looks like an over extended and overleveraged to the Long Side. However price action to me is bullish. Should i only have candles i'd be buying. Well i just find important to remember of those two indicators from time to time.
Ravencoin seems to be in a great position to go long. Aside from my possibly amateur wave counts, RVN is on a support as well as being oversold using my version of the Mayer Multiple. There's also Bullish MACD divergence as well. Putting all of these together leads me to believe that RVN is a safe buy for now and I don't see much of a reason for it to keep going lower.
Hello! I am not a professional trader. I just like to look at the charts and try to find similarities over time. Recently I noticed a similar pattern for The Mayer Multiple (the multiple of the current Bitcoin price over the 200-days moving average). The time period and the bouncing levels (0.70, 0.60 and 0.50) look very similar for the years 2014-15 and 2018-19.