PaulNorris

Bitcoin analysis-Be aware of the Hash ribbon buy signal

Long
BITSTAMP:BTCUSD   Bitcoin
Hash Ribbon buy signal is a powerful buy signal in Bitcoin history. We can take a look at the Bitcoin daily chart, if you buy bitcoin when the hash ribbon buy signal occurs and hold until the top, the gains are fantastic. Whenever hash ribbon shows red, the price tend to consolidate for a while, and when the buy signal flashes, it usually means that price will at least enter a short term uptrend.

Right now we can see that Hash Ribbon has already turned red, which means that in the next few weeks, hash ribbon will flash another buy signal. It can be a good place to accumulate Bitcoin. But don’t just simply put all your money on that buy signal. Accumulate Bitcoin as early as you can before the bull run may be a better choice to reduce FOMO if you are confident on Bitcoin price in short and long term.
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