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 ...
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