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1/ #BTC 
price is sky-rocketing, reaching for the all-time high, can we break through $20k in this run?
Mayer Multiple Price Bands suggest the following… Let´s have a look!
price is sky-rocketing, reaching for the all-time high, can we break through $20k in this run? Mayer Multiple Price Bands suggest the following… Let´s have a look!
2/ In March this year, the Mayer Multiple Price Bands gave a great bottoming signal, just as in prior market cycles. https://twitter.com/CryptoKea/status/1238821057366085644?s=20
3/ The break-through into the bullish channel (yellow band) in April 2020, hinted at more upside to come. https://twitter.com/CryptoKea/status/1255773275063570432?s=20
4/ Since May 2020, price tested the bottom of the bullish channel several times, only to confirm it as significant support, just as it offered important support in all prior bull market phases. https://cointelegraph.com/news/bitcoin-price-analyst-says-this-can-prevent-a-big-btc-drop-in-q3-2020
5/ Since beginning of October 2020 #BTC price is in lift-off mode. Is this the run to $20k and above? In prior bull market phases, price had generally respected the bullish channel for a minimum period of 10 months, we are about 6 months in now. Is this time different?
price is in lift-off mode. Is this the run to $20k and above? In prior bull market phases, price had generally respected the bullish channel for a minimum period of 10 months, we are about 6 months in now. Is this time different?
6/ Two prior bull markets are not enough to base a strong opinion on; however, it is noteworthy how many days out of #BTC ´s existence price respected this channel in a bull market. IF momentum allows for a similar play out, this would mean, that price would not break through ...
´s existence price respected this channel in a bull market. IF momentum allows for a similar play out, this would mean, that price would not break through ...
7/ ... the upper resistance of the bullish channel (yellow band) just yet.
Looking at (on-chain) fundamentals indicating investor sentiment & significant resistance levels (e.g. MVRV/NUPL, DAA/ Price to Metcalf´s Value, Fear & Greed Index etc.), ...
Looking at (on-chain) fundamentals indicating investor sentiment & significant resistance levels (e.g. MVRV/NUPL, DAA/ Price to Metcalf´s Value, Fear & Greed Index etc.), ...
8/ I would put current market setting in the following stage compared to prior bull markets.
Does this all together then suggest that a correction is near? No, but it adds to the likelihood of a potential, significant resistance slightly above current prices. If the Mayer ...
Does this all together then suggest that a correction is near? No, but it adds to the likelihood of a potential, significant resistance slightly above current prices. If the Mayer ...
9/ ...Multiple Price Bands proof themselves effective once again, and #BTC ´s daily closing price finds resistance at around ~$18.6k (increasing by ~$90/day), where does price go next? According to history, price either touched or briefly came back close to the channel support...
´s daily closing price finds resistance at around ~$18.6k (increasing by ~$90/day), where does price go next? According to history, price either touched or briefly came back close to the channel support...
10/ ... suggesting a correction to anywhere between channel support at ~12k (increasing ~$50/day) and $14k, I wouldn´t bet on it though, this is BTC afterall, crazy things can happen.
11/ What´s the good news? Price quickly formed an ascending wedge, causing a huge price breakout to the upside a few months later, leading in both cases into insane and steep price parabolas.
End/
Is this chart live somewhere? Yes, thanks to @digitalikNet ! https://digitalik.net/btc/mayer_bands
What are the Mayer Multiple Price Bands exactly?
https://twitter.com/CryptoKea/status/1207684352412454912?s=20
…and how are they calculated?
https://twitter.com/CryptoKea/status/1207686025587429378?s=20
As usual, this thread is no financial advice
Is this chart live somewhere? Yes, thanks to @digitalikNet ! https://digitalik.net/btc/mayer_bands
What are the Mayer Multiple Price Bands exactly?
https://twitter.com/CryptoKea/status/1207684352412454912?s=20
…and how are they calculated?
https://twitter.com/CryptoKea/status/1207686025587429378?s=20
As usual, this thread is no financial advice
