TradingView
ChartCinema
Feb 21, 2020 9:16 PM

BITCOIN 😨 Coin Flip - 📈 TA versus Data Science 📊 

Bitcoin / United States DollarCoinbase

Description

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BTC Hash Rate on the weekly time frame combined with technical analysis reveals that we are in a make or break moment...
It's either a Weekly Bull Flag... or a Reversal Candlestick Pattern? 🤷 The miners will decide...

Comment

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The Indicator on the bottom is the BTC Hash Rate. I modified the Moving Average for "21 days" to filter out the noise.
🔴 Red Dot = Hash Rate crosses below Moving Average
💚 Green Dot = Hash Rate crosses above Moving Average
Combing data science with analysis of supply and demand may be a useful strategy for determining probabilities of price direction.
tradingview.com/.../c1foo8dz-Bitcoin-Hash-Rate/

Comment

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Comment

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Hmmm. Looks like Hash Rate updated and reversed back upwards...
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