BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Hash Ribbon Buy

The Bitcoin Buy signal which occurs about once a year just fired.

Note: The halving is just 2 weeks away. Expect another signal within the next 3 months, like 2012 and 2016.

Historically this means that the next 30 days is a great time to accumulate more Bitcoin .
đź‘‘ Beat Bitcoin with premium TradingView algos --> http://www.capriole.io/indicators

Comments

incredible.
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so is this preparing for another dive and a further signal?
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What is this red vertical bar on the right side of the hashribbon chart?
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Legendary.
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Mine still says buy but showing a red line on 1day and 4hr what does that mean? Can anyone help
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No longer flashing buy signal on BraveNewCoin Liquid Index for Bitcoin. Flashed buy when I looked on 25th but disappeared when I looked 26th. Any ideas?
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Whooha! Thanks for this :)
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The Hash Ribbon Indicator

"Because of the effect of negative sentiment and price action during deep bear markets and times of miner capitulation, the best time to buy Bitcoin is typically somewhere in the middle of the “miner capitulation” period. But of course, this cannot be known until after the fact."
"A simple 1- and 2-month simple moving average of Bitcoin’s Hash Rate can be used to identify market bottoms, miner capitulation and — even better — great times to buy Bitcoin." - Charles Edwards

source > https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836
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We're grateful for such an interesting indicator.
+1 Reply
Great job man! Appreciated :)
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