Hello Trading View friends! I bring here a reading about Bitcoin!
The hash ribbons indicator is known for accurately pinpointing BTC buy points. And it has long served as a benchmark for crypto traders. Since 2017, there have been 7 buy signals on the weekly chart. All these signals were quite profitable.
Now note the following: The close of the BTC weekly candlestick generated a new buy signal on Hash Ribbons, the eighth. This was highly expected by many traders in the crypto market.
Another interesting fact: This new buy signal in BTC occurs precisely at a time when the asset touches the bottom of an upward channel again. This is undoubtedly a beautiful momentum for BTC.
Another beautiful sign is that again a wedge appears to be breaking upwards. The targets would take us to 40k.