It will soon be unprofitable for many miners to produce more BTC and this has been a great signal in the past. I'm watching this pretty closely for a crossover.
BTC Hash Rate on the weekly time frame combined with technical analysis reveals that we are in a make or break moment...
It's either a Weekly Bull Flag... or a Reversal Candlestick Pattern? 🤷 The miners will decide...
It is very likely that we will see a new ATH in the next 255 days.
This post is an extension of my last one, so if you haven't read my last idea take a look at it first and then come back to this one for a better understanding.
We have a buy signal on the Hash Buy indicator and halving is in 137 days.
I went through the charts to test the significance of...
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.
Bitcoin is currently trading at a ~35% discount to its energy value, suggesting a value opportunity for the long-term investor.
Further, the Bitcoin Energy Value Oscillator shows a near identical 3-step pattern to the prior bull markets.
Miner Capitulation / Hash Ribbons has signaled a buy on daily suggesting that hash rate is stabilizing. Hash ribbons flipped a few days ago and today the SMA 10 crossed over the SMA 20 which is the secondary condition for a long.
Looking at a long term scope, this strategy was supposed to beat even an early buy & hold. Mostly by reducing drawdowns significantly....
The Hash Ribbons indicator confirmed it's 10th buy signal in 9 years yesterday on the Daily chart at $7,245. Historically, this indicator has given the best opportunities for long-term investment during accumulation phases.
The 3 Day chart is also signalling a buy, confirmation would arrive tomorrow with the close of the current candle. The Weekly chart however,...
Bitfinex longs at ATH level and keep climbing.
-What happened before at bear market 2018? (Number 1 Situation)
When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them.
After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from...
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.
Bitcoin Hash Ribbons are extremely close to a potential Miner Capitulation.
Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin.
The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator.
For now, we are "still in the green", and Bitcoin's price may have already bottomed.
However, until...
The current plateau in Hash Rate growth is most unusual for Bitcoin.
The Hash Ribbons 1 month and 2 month moving averages have never been this close - for so long - except during a capitulation event.
We can measure the relative "growth" of the current month Hash Rate (HR) to the prior 2 months as: Growth = (1m HR - 2m HR)/(1m HR)
In November 2019, "Growth" has...
Bitcoin Breaks Down
After weeks of indecision and what appeared to be a strong argument for $10K $BTC, bear pressure finally broke through the lines and took Bitcoin down hard. The carnage on the charts wasn’t limited to $BTC, however, as all the majors ($ETH, $XRP, $EOS, $XLM) took hits in the double-digits. The surprising and impossible to predict turn of...
Bitcoin broke it's own years long support .. it confirmed the previous support as now being a resistance and fell more
nothing new here same as 2015
"YES BUT THIS TIME .... "
A certain "Fecal-Flinger" and his "Fecal-Kissers" are spreading FUD about hashrate dropping and how this will be the end of it, if you actually look at the hashrate you'll notice it kept...
Potential bottom 4k-5.5k.
Eventually 1 btc = 300k if fractal repeats.
Would match up perfectly with halving in 2020.
Halving from 2016 had a huge impact on the price.
Maybe this is why hashrate is not dropping?
I remember when it was at 16 Mh total. The primary evidence of ASICs would be a dramatic decrease in output from non-ASIC hardware (due to difficulty rising disproportionately with price).
In the past year difficulty has increased by 13x (source: chainradar.com 1 year chart) and price has increased by 19x (source: coinmarketcap.com 1 year chart) while the block...
Look:
1. Still continue a extraordinary rising of HASH Rate... (2.5x the normal activity, who have switched on all this mining power ???)
2. Price is decresing.. slowlly.. effect of the HASH Rate
3. Mining machine is not selled anymore, this means that a normal person can't gain from them, how have one in past take it switched off because the power is too low;...
