Bitcoin hash ribbon showing signs of weakness Capitulation??? If so 9k btc could be the next target
Hello everyone, if you like the idea, do not forget to support with a like and follow. BTCST is sitting around a strong demand zone in green so we will be looking for buy setups. on H4: BTCST formed an inverse head and shoulders pattern but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. Trigger => ...
DOGEUSD Rating: STRONG BUY Target: $0.17 FMW
BTC/BCH: STRONG SELL BTC implements side chains which can be controlled by unwarranted influence of power which defeats the purpose of a transparent public Blockchain that's benefits all stakeholders. Hash Warning! Caution is Warranted. Fibmarketwatch.com
If history repeats a similar move the final Hash Ribbons signal that was posted prior to the historic bull run in ETH returned nearly 4,300% over 126 days. If a similar moves happens then ETH will target $23k by April 2021. We are still very young into the upside in ETH. Buying here at spot would be a one time heavily discounted opportunity. We will have days in...
Bitcoin energy value grater than BTC price by ~40% along with ATH BTC hash rate. What does it mean 🙄🙄🙄
We are still inside the ascending triangle
as with the BLX chart on the 1d TimeFrame, the recent drop from 9k to 3.7k is the first time that price action has gone below a major low confirmed by the blue circles in the hash ribbon indicator. the blue circle that flashed in jan. 2020 confirmed the major low of 6.3k in dec 2019. that price was around USD 6.3k. now that the price action has fallen to 3.7k...
Here's hopefully a clearer picture of the first instance of price falling beneath the previous major low as indicated after the fact, by the blue circles of the hash ribbons indicator.
This is a fair estimate of BTC channel + my 2 favorite indicators, no need to look for MAs or RSI to make good decisions on the macro cycles
Bitfinex longs at ATH level and keep climbing. -What happened before at bear market 2018? (Number 1 Situation) When price at $6000 level some miners closed their mining systems because mining was not profitable enough for them. After they closed their system hash ribbons indicator warn us like " Capitulation " ( It means that, hash power that generating from...
Bitcoin Hash Ribbons are extremely close to a potential Miner Capitulation. Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin. The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator. For now, we are "still in the green", and Bitcoin's price may have already bottomed. However, until...
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