Bitcoin Hash ribbons gave a buy signal today!

in #btc7 months ago

BTC2 hash ribbons accumlating buy signal.JPG

Hash ribbons indicator gave a buy signal today! It's not confirmed on the weekly time frame yet, so their could still be a leg down.. And when you consider the halving coming up soon, we might see one more miner capitulation. And then again see a new buy signal some weeks after the halving. But as history shows on the weekly time frame, it is very good at catching a new uptrend.

Weekly chart:

Here is a table showing the max downdraw from the buy signals given by the Hash ribbons indicator.


Legal Disclaimer : Never invest more than what you can afford to lose. I am not a financial advisor and I am sharing my opinion based off speculation. This post is for informational purposes only and provides only my personal opinion. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.

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