BEST Mayer Multiple

18 Des 2019

Hello traders

I'm not a HODLer by any means. I know when to sell (or I think I know....) when an asset starts going against me too much.
Even if it's a "long-term" investment.

My mentor used to telling me this: "If a short-term trade becomes a long-term investment, then you're in for a hell of a ride".
I have no clue if Bitcoin/BTC will go back up or not - I don't even care because I'm an intraday trader.

What if BTC was actually a way to accumulate more fiat? Satoshi fooled us

I coded this Mayer Multiple according to the specifications below. By the way, I'm a big fan of Willy Woo. I've been monitoring all his work since I learned about crypto (10 minutes ago.... it's a joke come on)
https://charts.woobull.com/bitcoin-mayer-multiple/

Scaling

To respect the Mayer's multiple model, I recommend to select the Logarithmic scaling as shown below
imgur.com/a/zSI71tE

What Mayer's model says

Using the reference below, the model says we're in the oversold zone. But, we can be in that zone for months/years...
When a model says an asset could bounce in a 1000-7000 USD range... well... I don't know how I would be able to perform optimally with that insight. This is very subjective and not a recommendation.

Mayer's Multiple model reference

All the BEST
Dave