Maybe, Maybe Not, Bitcoin 2015 triangle and MM corelating bull.
Interesting to see the second impulse print of a long symmetrical triangle pattern in correlation to the MM going bull, last time we saw this was in 2015, both breaking out and resting in similar fashion.
Rarely does the MM go green, never has been this green, never been this green with this much of a triangle constriction.
--- Those who don't know the MM ---
The Mayer Multiple is calculated by dividing the Bitcoin Price by the 200 day moving average of the price. In this adjusted version, I apply a log transform and then a 4-year z-score.
Rarely does the MM go green, never has been this green, never been this green with this much of a triangle constriction.
--- Those who don't know the MM ---
The Mayer Multiple is calculated by dividing the Bitcoin Price by the 200 day moving average of the price. In this adjusted version, I apply a log transform and then a 4-year z-score.
Comment:
Not sure why the MM is not updating on my chart but we have entered the blue zone, blue zone previously gives us around 819 days of movement to the upside meaning we could get a climbing price 2023-2024 and an explosion top towards the end of this.