Showing posts with label Chart. Show all posts
Showing posts with label Chart. Show all posts

Tuesday, January 5, 2021

Mayer Multiple Indicator Chart

- What the Mayer Multiple is:

The Mayer Multiple was created by Trace Mayer as a way to analyse the price of Bitcoin in a historical context.
It does NOT tell whether to buy, sell or hold.
The Mayer Multiple is the multiple of the current Bitcoin price over the 200-days moving average.

Why 2.4?
Simulations performed by Trace Mayer determined that in the past, the best long-term results were achieved by accumulating Bitcoin whenever the Mayer Multiple was below 2.4.
Since the simulations were based on historical data, they are purely educational and should not be the basis of any financial decision.

https://mayermultiple.info/

Monday, January 4, 2021

Bitcoin Rainbow Chart

The Rainbow Chart is not investment advice! Past performance is not an indication of future results. The Rainbow Chart is meant to be be a fun way of looking at long term price movements, disregarding the daily volatility “noise”. The color bands follow a logarithmic regression (introduced by Bitcointalk User trolololo in 2014), but are otherwise completely arbitrary and without any scientific basis. In other words: It will only be correct until one day it isn’t anymore.

https://www.blockchaincenter.net/bitcoin-rainbow-chart/

Rainbow Chart continues its way inside the channel, clearly marking the highs and lows of Bitcoin