The Hash Ribbons indicator has become very popular lately so I wanted to show how accurate it has been historically. The buy signal came on again last week, which is why there's so much buzz about this.
Note that there is no consistency in the time frames between the hash ribbon buy signal and the actual pumps.
The "BTC closing price divided by hash rate"...
Triple bottom here on the daily for BNBUSDT.
Based on Gann and fib analysis, my upper target is around $606. There'll of course be pulback before a target like that is reached.
Pink line: 50EMA
Orange line: 200EMA