Bitcoin Hash ribbons gave a buy signal today!
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.
Here is a table showing the max downdraw from the buy signals given by the Hash ribbons indicator.
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