BitcoinLong
Bitcoin Hash Ribbons Buy Signal
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.
[u]Recent buy signals[/u]:
Nov 2020: $19,375
Jul 2020: $9,303
Apr 2020: $7,706
Dec 2019: $7,384
Jan 2019: $3,514
The obvious trade. Reward/risk: 6.5:1.
Hash Ribbons indicator:
Stock to Flow Rainbow indicator:
Logarithmic growth in 2021:
[u]Recent buy signals[/u]:
Nov 2020: $19,375
Jul 2020: $9,303
Apr 2020: $7,706
Dec 2019: $7,384
Jan 2019: $3,514
The obvious trade. Reward/risk: 6.5:1.
Hash Ribbons indicator:
Stock to Flow Rainbow indicator:
Logarithmic growth in 2021:
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