Understanding the HASH RIBBONS Signal:
The HASH RIBBONS signal is based on the interplay of two essential moving averages: the 30-day Simple Moving Average (SMA) and the 60-day SMA. When these moving averages cross in an upward direction, it generates a bullish HASH RIBBONS signal.
The Strength of HASH RIBBONS Signal on Weekly Time Frame:
The HASH RIBBONS...
This may be the shortest but one of the more exciting ideas I've posted. Bitcoin since making its higher high at 31818 has shown signs of bullish strength on the daily and smaller time frames. And although we have seen some bullish price action, the follow thru has been at a minimum until possibly now.
The higher time frames, that being the 3 day and the weekly,...
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 broke out downwards through 42k. It looks like daily close will be below the 200d MA so right now I'm looking at the next heavy support between 30-35k and also at the 50W ma .
It has been a rough week but this could be very bullish news. The hashribbon is very close to flashing BUY . Last time this happend we had a big price increasement so I...
BItcoin has been trapped in a symmetrical triangle for 2.5 years which has a 60% chance of an upside breakout and a 40% chance of breakdown.
While consolidating near the top (red circle), inclining towards a breakup has a higher chance.
A Symmetrical triangle mostly makes a breakout close to 70% of the overall wedge while it is close to 66-68% showing more...
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.
I believe we could witness a resistance test king.
This morning in my 1D chart, where I follow the global price trend also with indicator linked to mining, hash and difficulty the hash ribbon appeared. A very strong signal. I therefore believe that it is possible also given the trend of A / D and the persistence at this level that BTC can try a new test on the...
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.
