BTC/USD - awaiting for positive momentum to generate the buy sig
Hello Everyone,
The 30-day movig average of the hash-rate crossed the 60-day moving average. But we did not generated the buy signal... yet. There is the second one condition. If we will read about the "hash ribbons" indicator, we will see that the condition is positive momentum.
So, If only the price movement generate the positive momentum than will automatically appear the most bullish and powerful buy signal at Bitcoin. The buy signal on "hash ribbons" indicator. This indicator is powerfull as "Puell multiple" as both are based on specific metric for Bitcoin - hash rate.
Best regards,
Paweł
The 30-day movig average of the hash-rate crossed the 60-day moving average. But we did not generated the buy signal... yet. There is the second one condition. If we will read about the "hash ribbons" indicator, we will see that the condition is positive momentum.
So, If only the price movement generate the positive momentum than will automatically appear the most bullish and powerful buy signal at Bitcoin. The buy signal on "hash ribbons" indicator. This indicator is powerfull as "Puell multiple" as both are based on specific metric for Bitcoin - hash rate.
Best regards,
Paweł
Dear All,
In a few days should be published new islamic fatwa of FIQH Council of North America (FCNA) regarding Bitcoin. Until that time there was a lot of interpratations if Bitcoin is Halal (legal) or Haram (illegal). The new fatwa, as I understood, precise that mining, saving and trading Bitcoin is Halal (legal). But we must know the price, so Haram (illegal) are trasations with delayed payements like futures or options. As I understand, options are Halal if they are a real hedge security for a real future transaction and is not a speculation itself. If they are speculation than are Haram.
This is very big progress in understanding of the role of Bitcoin an Bitcoin itself. Because mostly (previous) fatwas precised that even mining, saving and trading Bitcoin (even with known price) is Haram. Now it comes into change.
Concluding, our muslim brothers are also participants of big part market and they shall not be excluded from taking advantages of decentralized digital currencies...
If this fatwa will be published by the FCNA, it will be a real bullish information.
Peacefully and with all best wishes,
Paweł