Weekly Hash Ribbons buy signal confirmed, price: $43,829 (CB). This would be the 12th buy signal in 9.5 years if not mistaken, after the most aggressive miner capitulation since 2021 with hash rate dropping by more than 50%. . This buy signal is the first in 8 months as well as first of 2021, since the price of $19.375 last year.
Recent buy signals :
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.
Did you buy $BTC?
The Bitcoin Hash Ribbon Buy (indicator released October 2019) was exactly one month ago today.
Let's check in on performance to date:
- Max downdraw: -5%
- Max Returns: +26%
So far, all within the normal historical range.
Let's review BTC after all the hype of the current pullback.
It's been amusing reading analysis from so-called experts on Reuters and Yahoo finance. The Youtube videos by 'gurus' are not funny, they are just plain sad!
So let's look at some of the arguments from the VSPs (very serious people):
1) the so-called 'crash' was caused by Hash Rate ...
Bitcoin Hash Rate is reaching higher levels. Although it hasn't reached ATH levels, it has almost completely recovered from the China mass-exodus (if there was any at all!). Hash rates and prices are highly correlated, and the hash ribbon has already published a green buy signal.
Opposing my own views in my last post, Bitcoin has a high probability of...
Essentially, I just assumed the days of bull and bear rally between each halving will be the same.
Counting from halving, 546 days of bull rally. That Nov 8, 21, I personally think its alittle short as bitcoin increase in days of bull rally after each halving. And we are extremely bullish this year.
I personally think we will top out at Janunary like the last...
Bitcoin is about to flash a buy signal tomorrow from the hash ribbons indicator. This shows miner capitulation is over and hash rate is on the rise again.
This signal does not occur often but when it does there are usually nice rallies.
I would expect Bitcoin to make one last push here this year blowing away its all time high then crashing hard near the end of...
Hash Ribbons tells us to remain patient for the buy signal as capitulation continues
MA Ribbon suggests further downside, but price is at Weekly MA support
Bullish broadening wedge in the making, not yet confirmed
Buyers vs sellers accumulation zone in yellow
Based on the January 2020 VPVR model:...
Bear Market Confirmed
Symmetrical contracting triangle on the weekly, broke out, retraced and initiated bull market,
PI Cycle top was April 11th signaling the end of bull market, this occurred during a massive ascending wedge.
Currently what I see is a massive head and shoulders on the weekly.
Combined with Metcalfe law fair value at around 8k range on the...
Major disruptions in the hashrate falling off the curve.
First was a major outage in Chinas Xinjiang blackouts on Apr 17 followed by huge outflows from Binance on the 18th.
Second massive event to hashrate is still playing out. Large miner operations are exiting China because of the...
Hey guys and gals I wanted to give an update to my idea for BTCST/USD (first idea tagged). My first idea was that we had already broken out of the symmetrical triangle we have been in since the 1:10. After seeing how it's behaved it looks to STILL be within this pattern and I have updated the chart accordingly.
Elliot wave analysis: We are in wave 2 currently...
This extremely accurate indicator based on the $btc hashrate by Charles Edwards is about to flash the buy signal. This indicator typically flashes once a year and is already back! This marks a really profitable month to come. More info on this indicator + check out the TrendKing bot by Charles, which is the only bot I found that actually stays level during drops!...
Today Bitcoin broke its support trend line after the Bitcoin network hash rate dropped 50% from 218 EH/s to 109 EH/s due to the power outage in Xinjiang China.
According to "news.bitcoin.com/bitcoin-hashrate-drops-xinjiang-blackouts-blamed-btc-price-slides/", the founding partner at Primitive Crypto, Dovey Wan said :
"Xinjiang and Sichuan combined together have...
Hash rates may be bottoming here.
Obviously Craig Wrights court case is something to speculate on, but the case has been pushed out until mid this year ~June unless it is once again pushed out.
If evidence doesn't show that Craig is irrefutably Satoshi (Which is most likely the case) obviously that is bearish news.
However slight this chance may be, that he is...
Bitcoin hash rate rises to new all-time highs amid acute price consolidation and range trading.
Max Keiser believes that fiat money is losing power and Bitcoin is the ultimate winner.
Bitcoin price remains unchanged for the second day of trading this week. The stagnation has been its cup of tea for a few weeks now. However, the hash rate parameter of the...