The Hash Ribbons appear to be getting smaller or closer together and there are only 2 lows that need to be reached to clear out all the CME H4 Gaps. There is one between 8850 and 8910 and another between 7610 and 7660.
Bitcoin faces the trend line resistance again, now the price action in the lower time frame shows the trend is getting weaker after halving . The past week you can see bitcoin is kissing the overhead trend line multiple times but failed to close above it. The MACD , volume shows bearish in daily.
Fundamentally, the hash ribbon seems to have another cross over...
Background:
We all know about the halving but the misconception is that everyone assumes that it will go up from here. Looking at the charts we still see bearish structures and bearish indicators. And looking at past halvings, we see a pattern of dump, retrace, dump, moon. Taking that into consideration, my bearish scenarios can still playout with a long term...
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...
This signal activates very rarely, in short, this is the third time in the history of bitcoin. It works based on the conditions of Price, Hashrate and Difficulty and in conjunction with favorable conditions for bitcoin mining.
- Consider the average values of Bitcoin, Hashrate and Difficulty.
When mining comes out of the contraction phases, like the current...
Hash Ribbon Buy signal is occuring.
However, this may be the most high risk signal to date.
Why?
- All halvings have had another capitulation
- Miners are running at break even today
- Global recession = tighter liquidity = credit crunch
In 2020 there is a greater probability of more miners defaulting.
All prior halvings had another capitulation within 3...
$6,000s is the break even cost of mining Bitcoin. Will miners dump? According to Hash Ribbons 30/60 Day Crossover and Hash Rate dropping below 200 Day Signal Line... this looks uncomfortable. 😬 One scenario is that miners may have stopped supporting the network to save on electricity and will just HODL their coins up to the Halvening (cost of mining after that...
The bullish case is here:
VPVR Point of Control, since $3K in September 2017: $8,188
Price has closed for two consecutive weeks above this PoC
Hash Ribbons buy signal - December 2019
1 & 2 Year MA bull-cross - January 2019
Price above MA Ribbons - January 2019
MACD bull-coss on Weekly - January 2019
The is continued analysis from the below,...
If you're long term on cryptos this is one of the worst places to sell because it's sitting right on top of the trend line defined by historical miner capitulation.
People waiting for 3k are going to be disappointed. This line also expects the support region to be at the old all time high in April 2021 which means it will probably reach and exceed the old all...
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.
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,...
The chart speaks for itself. The extrapoled price comes from the "2018 miner capitulation" that caused the price to drop 50%. Will we go back to $3,800? Unlikely, but clearly this is possible if the capitulation is as aggressive as 2018. Notably the VPVR is supporting the price target of $3,800, as is the extrapolation, with forecasted price for the block halving...
![BTCUSD: [BTC] Healthy Retracement After Halving.](https://s3.tradingview.com/s/SGzd2Bu0_mid.png "[BTC] Healthy Retracement After Halving.")
