Cryptocurrency Be[In]Crypto takes a look at the Mayer Multiple (MM) and its components in order to determine if BTC is close to a bullish trend reversal. What is Mayer Multiple? The Mayer Multiple (MM) is an oscillator that is calculated using the ratio between the BTC price and its 200-day moving average (MA). Afterward, the Mayer Multiple indicator (blue) is afterward created by taking the difference between the BTC price and its 200-day MA. The 0.8 (green) and 2.4 (purple) oscillators are then plotted in order to determine market tops and bottoms.  Movements above the 2.4 oscillators have historically coincided […]

Be[In]Crypto takes a look at Bitcoin (BTC) on-chain indicators, specifically the Spent Output Profit Ratio (SOPR) and the RHODL Ratio. BTC SOPR SOPR is an on-chain indicator that shows if the market is in a state of profit or loss. Readings above one (black line) show that the market is in aggregate profit, while those below one show aggregate loss.  The main characteristic of bullish trends is that SOPR bounces at the one line instead of falling below it. SOPR broke down below one (black circle) in Jan. 2018. This suggested that the bullish trend had come to an end.  Afterwards, the bottom […]

BeInCrypto takes a look at Bitcoin (BTC) on-chain indicators, more specifically the realized and market capitalization and their relationship with each other. Realized and market caps The market cap (MC), is derived by multiplying the total number of coins that are minted with the current BTC price. The realized cap (RC) uses a slightly different formula. Instead of the current price, it uses the price at the time they last moved. As a result of this modification, it can be seen as a more accurate representation of the current value of BTC. One of the main features of the realized […]