bitcoinlimit on Nostr: Spending my lovely Sunday working on a new dashboard: Mayer Multiple. It's a ...
Spending my lovely Sunday working on a new dashboard: Mayer Multiple. It's a statistical model designed to compare Bitcoin’s current price to its long-term historical trend, represented by the 200-day Simple Moving Average (SMA). By visualizing how the current price deviates from this benchmark, the Mayer Multiple provides insights into Bitcoin’s price behavior over longer time frames.
Bitcoin's price distribution is not normal in the statistical sense, making traditional models like Standard Deviation less precise for assessing probabilities. However, this model remains useful for approximating patterns of typical versus atypical price movements. It's important to note that the Mayer Multiple is not a buy, sell, or hold signal but rather a contextual framework for understanding Bitcoin’s position relative to its historical trends.
Bitcoin's price distribution is not normal in the statistical sense, making traditional models like Standard Deviation less precise for assessing probabilities. However, this model remains useful for approximating patterns of typical versus atypical price movements. It's important to note that the Mayer Multiple is not a buy, sell, or hold signal but rather a contextual framework for understanding Bitcoin’s position relative to its historical trends.