OPEN-SOURCE SCRIPT

Bitcoin Difficulty Ribbon [aamonkey]

This is another tool to find big cycle bottoms that is very unknown yet effective.

The Difficulty Ribbon speaks to the impact of miner selling pressure on Bitcoin`s price action.

When network difficulty reduces its rate of climb, miners are going out of business, leaving only the strong miners who proportionally need to sell less of their coins to remain operational, this leads to less sell pressure and more room for bullish price action.

The best times to buy Bitcoin are zones where the ribbon compresses.

The ribbon consists of simple moving averages of Bitcoin network difficulty so the rate of change of difficulty can be easily seen.
Bitcoin (Cryptocurrency)bottomfinderBTCUSDdifficultydifficultyribbonMoving Averages

Script de código aberto

No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.

Quer usar esse script no gráfico?

Aviso legal