BTC: Whenever This Signal Flashes...
On a macro timeframe, whenever the Hash Ribbons indicator flashes for Bitcoin, it is followed by a run up. You can see this on multiple occasions in the past several years of Bitcoin's history.
What is the Hash Ribbons indicator?
This indicator tries to identify periods where Bitcoin miners are in distress and may be capitulating. These periods can occur when the price of BTC is at major lows, and may therefore present a good opportunity to buy the dip.
What is the Hash Ribbons indicator?
This indicator tries to identify periods where Bitcoin miners are in distress and may be capitulating. These periods can occur when the price of BTC is at major lows, and may therefore present a good opportunity to buy the dip.
Nota
Here is the chart on the monthly timeframe, showing the 2018/2019 bear market bottom.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.