Mayer Multiple: Trace Mayer"s indicator

Mayer Multiple: Trace Mayer

You probably heard of multiple indicators, but this one is interesting for a few reasons. First reason, it is created by Trace Mayer, the person who is the early BTC investor who "Bought At $.05".



The second reason is that (Mayer Multiple) MM is a pretty simple, yet powerful indicator. The MM formula is defined as “the multiple of the current bitcoin price over the 200-day moving average.” As simple as that!



But why is it interesting? When the market goes up, it"s bullish. When it goes up too fast, it"s a bubble. When he goes down - it"s bearish. When he goes down too fast - this is a bottom. The important number is 2.4 that"s based on historical data. When the MM is above 2.4, it means that bitcoin is in the speculative bubble. Whe ...
Read more about "Mayer Multiple: Trace Mayer"s indicator" on coinatory.com

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