I found this to be an interesting look at the Mayer Multiple indicator and the history of Bitcoin as it relates to trend and cycle changes.
I am not sure if someone may have shared this in the past but I thought either way it would be a good time to share now.
To provide some guidelines to what is shown here:
- The arrows are shown within the chart and the indicator to help show the correct timing of each occurrence (To the best of my ability anyway)
- White arrows represent cycle tops. The Mayer Multiple line crosses over the Threshold (red dotted line) usually shortly before the top (This is setup by default). To note this did not happen in 2019.
- The red arrows represent the end of the bull run and the start of a long to short-term (late 2019-early 2020) bear market. The Mayer Multiple line crosses down the solid red horizontal line (I added this line).
- The green arrows represent the bottoms of each bear market. The Mayer Multiple line crosses down or touches (March 2020) the solid green horizontal line (I added this line).
Other interesting finds:
- Both 2017 and 2020 showed where the Mayer Multiple line did break back up over the solid red horizontal line shown but still after fell back under to resume the bear market.
- For the 2013 double top the Mayer Multiple line just touched the solid red horizontal line shown, it never dropped underneath. Could be used for a future reference but just a good chance that was an occurrence during the time of a younger much cheaper bitcoin.
Does this always have to work? No. But this has so far has been accurate during the history of this asset.
This alone personally does not make feel Short on bitcoin as there are other indicators and factors for me that make it so.
I wanted though to share this as it is pretty interesting to look at how accurate it has been (long-term only) and I hope to provide something different for everyone to look at.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***
I am not sure if someone may have shared this in the past but I thought either way it would be a good time to share now.
To provide some guidelines to what is shown here:
- The arrows are shown within the chart and the indicator to help show the correct timing of each occurrence (To the best of my ability anyway)
- White arrows represent cycle tops. The Mayer Multiple line crosses over the Threshold (red dotted line) usually shortly before the top (This is setup by default). To note this did not happen in 2019.
- The red arrows represent the end of the bull run and the start of a long to short-term (late 2019-early 2020) bear market. The Mayer Multiple line crosses down the solid red horizontal line (I added this line).
- The green arrows represent the bottoms of each bear market. The Mayer Multiple line crosses down or touches (March 2020) the solid green horizontal line (I added this line).
Other interesting finds:
- Both 2017 and 2020 showed where the Mayer Multiple line did break back up over the solid red horizontal line shown but still after fell back under to resume the bear market.
- For the 2013 double top the Mayer Multiple line just touched the solid red horizontal line shown, it never dropped underneath. Could be used for a future reference but just a good chance that was an occurrence during the time of a younger much cheaper bitcoin.
Does this always have to work? No. But this has so far has been accurate during the history of this asset.
This alone personally does not make feel Short on bitcoin as there are other indicators and factors for me that make it so.
I wanted though to share this as it is pretty interesting to look at how accurate it has been (long-term only) and I hope to provide something different for everyone to look at.
***Disclaimer: I am not a financial professional/expert and all ideas from me are all speculation based off of my own research. Please do your own research as well as I am not responsible for others when it comes to their financial decisions.***