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So i've been playing with these hash ribbons and some oscillators around hash-rate ..
interestingly enough, whenever you get one of these blue dots that encourage you to "buy" (not investment advice!) bitcoin goes up another +/- 40% (sometimes as much as 100%) afterwards before topping out.
That would take us into $15k territory.
By that time i would suspect bulls to be over confident and also over leveraged, which would make for a perfect liquidation moment and some subsequent time to consolidate and clear things up a bit ...
not saying thats bound to happen ... but it has happened more often than not previously, so there's that.
Have fun!
interestingly enough, whenever you get one of these blue dots that encourage you to "buy" (not investment advice!) bitcoin goes up another +/- 40% (sometimes as much as 100%) afterwards before topping out.
That would take us into $15k territory.
By that time i would suspect bulls to be over confident and also over leveraged, which would make for a perfect liquidation moment and some subsequent time to consolidate and clear things up a bit ...
not saying thats bound to happen ... but it has happened more often than not previously, so there's that.
Have fun!
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that is not to dismiss that, yes, this is all to be taken with a grain o' salt.