Never make a decision based on 1 single indicator!
Some say that miners have less influence on price action. Possible! This Buy signal suggests that there is lesser miner's sell pressure as they are selling at a lower profit/or even at a loss.
So moon in q4? It has high win rate, almost always in profit 3 months after it flashes. So in hash ribbons we trust? Or this time might be different, almost all markets looks so bearish and might be just hopium and 13k still awaits.
pedrogarrinhas
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@fomo_god, 2x Correct 1) it is not a signal flashed today and tomorrow moon. 2) it can go to 13k!
I think I saw it flash one time and the next day BTCUSD dumped...it might happen again! The post was only to highlight the "buy signal".
fomo_god
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@pedrogarrinhas, well maybe you're right. It can dump to 13k in a week and moon to 100k in a quarter just like it did on 2020, dump to 4k then moon to 60k in a year. It's a wild wild west market, just need diamond hands to hold through the storm even if it means losing 50% in the meantime.
pedrogarrinhas
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@fomo_god, US Mid term elections are coming, SPX at resistance, DXY moving higher, Oil is lower => inflation can drop, China-Taiwan/Russia-Ukraine...put it on a pot and mix it... One day at the time.
Today's buy signal will be tomorrow's sell signal! :P