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 :
I've had this chart for a while and wanted to make a log of it so that I can reference in the future
Basically I marked off the previous buy Hash Ribbon signal to the high and made the same for the most recent buy
Waiting to see how it performs from now till December 16th 2021
This was an expansion from this chart I made earlier this year
Hash Ribbons is a long-term signal that is used to indicate macro bottoms on the bitcoin price chart. Analysis of its historical effectiveness suggests it is an important indicator for identifying a buying opportunity.
Unlike the single SMA strategy, the Hash Ribbon works with two simple moving strategies, one 30-day moving average and one 60-day moving average....
Bitcoin is in a very confusing time right now. There are lots of bullish sentiment happening with bitcoin but technically it is looking like the bullishness is beginning to fade and the price action is beginning to look bearish. Whether this is the first sell off or bear trap and price resumes higher in a macro trend remains to be seen. This idea...
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...
This idea is pretty straight forward. The hash ribbon traditionally have been a great indicator of when to buy, aside from what the hash ribbon means for the network. But the hash ribbon is not a sign to get silly with margin nor is it a signal that the price will not set another low. The Covid 19 dump and the bear market of 2015 show that prices can get...
The Ethereum Hash Rate Ribbon indicator has turn green since August 9, 2021. The indicator is one of the most important and reliable indicators as a long-term buy/sell signal. Basically it means that the market low of 1700 USD after the crash in May is a macro event below which the Ethereum market will never fall again.
Bitcoin also has bottomed at about $30,000...
Hash Ribbons officially gave a buy signal after one of the longest capitulations in its history. In fact, this indicator was added to the favorites of 10,000 people on TradingView.
What do you think about this indicator? and share your favorite indicators with us
Best regards EXCAVO
We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not...
So the rare blue hash ribbon buy signal just appeared. Historically, this always was a great time for long term accumulation. Every new ATH always had a new blue hash ribbon buy signal beforehand.
However, while this was in the past great news to get bullish, this time it might be different.
How I interpret it:
Usually when mining become less profitable,...
hash ribbon talks .
on daily time frame we got some moves and signals , which could lead us for a bull-run .
as i see this is a optimistic probability and due to the situation of the over all markets might be failed .
but we have to say what we see in our perspective
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:...