MATICBTC neatly moved in a Fibonacci Channel and fell down to 100% bottom of that channel.
Two detectors predicted the top
Golden Ratio Top Detector (UO_GRFM)
Mayer Multiple
Golden Ratio Top Detector also showed the potential bottom correctly.
Future? As long as it coasts above SMA350/6h, I will consider it a bullish opportunity and keep collecting.
Also...
Adjusting some settings on the Major Mayer Multiple, for example the Slower MA (SMA #B) to 400 (instead of 300) and the MMM EMA to 50 (instead of 14) we obtain some interesting results, other setting are also interesting but for mid/long term cycles this two changes can be revealing.
I also started using an RSI applied to the MMM EMA and I may integrate that...
Since the chart of the script (indicator) changes on each update this Idea Is an Example on how the Major Mayer Multiple can be used with default values.
This indicator is obviously a lagging indicator and it shouldn't be used alone nevertheless we can clearly see how it can be used to somehow detect larger cycles but also minor ones if each setting is properly...
