The Mayer Multiple has officially turned black!
Let's go over how rare this signal truly is!
October 2011 / 85days - Price 2.13 Dollars
January 2015 / 9days - Price 178 Dollars
December 2018 / 11days - Price 3300 Dollars
Average of 35days with 2011 included without 2011 we talking about 10days average , this is by far the rarest Bitcoin oversold signal you're going to get.
Now the lowest Mayer Multiple Band is 18.2k which is in line with the last CME GAP!
Last time we hit the lowest band was March 2020 covid crash which tapped it perfectly!
This could be the key at pinpointing the bottom. The question is when , well it could very well happen this week since bitcoin has never closed under a 200 weekly moving average. If Bitcoin did hit 18.4k close to the CME GAP then close the week above 22.3k which would be the 200 weekly.
something like this playing out
CME TA -
Mayer TA-
Mayer's ratio is at 0.55 ,very interesting times!
Let's go over how rare this signal truly is!
October 2011 / 85days - Price 2.13 Dollars
January 2015 / 9days - Price 178 Dollars
December 2018 / 11days - Price 3300 Dollars
Average of 35days with 2011 included without 2011 we talking about 10days average , this is by far the rarest Bitcoin oversold signal you're going to get.
Now the lowest Mayer Multiple Band is 18.2k which is in line with the last CME GAP!
Last time we hit the lowest band was March 2020 covid crash which tapped it perfectly!
This could be the key at pinpointing the bottom. The question is when , well it could very well happen this week since bitcoin has never closed under a 200 weekly moving average. If Bitcoin did hit 18.4k close to the CME GAP then close the week above 22.3k which would be the 200 weekly.
something like this playing out
CME TA -
Mayer TA-
Mayer's ratio is at 0.55 ,very interesting times!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.