The bitcoin network difficulty has crossed the signal line on the 2 day chart and the 3 day chart for the first time ever. This could be an interesting long term sell signal.
Hi, everyone. We are back! Sorry for the long absence. We’ve spent the past few months developing some awesome on-chain indicators, which will be released soon. :) For BTC, we are currently at a crucial state, with many attempts at the 10k mark. All fundamentals considered, we do believe it is only a matter of time for the break to the upside. However, looking at...
A visualization of Bitcoin Hash Rate vs Difficulty. This helps to show why Difficulty is a lagging indicator. Difficulty is like a moving average that only updates once every 2 weeks. Increased Difficulty is not necessarily good... Hash Rates are better for timing capitulation.
Intro Introducing the Bitcoin Difficulty Ribbon. When the ribbon compresses, or flips negative, these are the best times to buy Bitcoin. The ribbon consists of simple moving averages on mining difficulty so we can easily see the rate of change in difficulty. Attribution This Indicator was created by Willy Woo of Woonomics based upon the ideas of Vinny...