Teslacoin all-time channel. Bottom needs to be revisited at some point (probably sideways). Mayer Multiple only really went below 0.8 on one occasion in Q1 2016. Buying Tesla with Mayer Multiple at 0.8 was successful on numerous occasions throughout 2011/12, 2015/16 and 2018. However this year has shown weak performance, possible dip incoming.
The Mayer Multiple (named after investor Trace Mayer) is a statistical estimator which can be used for investing strategies. Mayer Multiple = Spot Price / 200 Daily Moving Average The 200 daily moving average covers the last 40 weeks of trading and is considered a major long-term support/resistance so it is not chosen arbitrarily here. The Mayer Multiple...
Yes I know... another bubble comparison ugh. I'm using the Mayer Multiple which is the difference in price to the 200D moving average.
BTC RSI showing Bullish divergence. Short term price levels to watch on Bull break - $6915.27 & $6939.00 Short term price levels to watch on Bear break - $6888.25 & 6859.16 The current Mayer Multiple for BTC is .72 with a BTC price of $6,902.28 and a 200 day moving average of $9,546.76 USD. The Mayer Multiple has historically been higher 90.40% of the time...
This is an update to a previous post noting the resemblance of the Mayer Multiple breakout to the trend in early 2013. Unfortunately, that post and several others were apparently in violation of TradingView rules because I had linked to my twitter account and emails. Anyways, since then the multiple has reverted back to the 2SD line. I'm increasingly convinced...
The Mayer Multiple is the ratio between the close and the simple moving average. This plots the Bitcoin mayer multiple (expressed as a percent) for three different SMA durations.