BTC - Strange times for the Hash Ribbons
The Hash Ribbons haven't produced a blue dot yet. This is not the first time it takes a bit longer (it can take up to several weeks in fact).
But I am wondering if we might see another miner capitulation first before we see a blue buy signal dot.
With everything that is going on right now with the BTC miners, it's a strange time for indicators like the Hash Ribbons.
If miners will start to move from China to other countries, this will have a serious impact on the hashrate.
So in my opinion we could see another miner 'capitulation' again before getting a blue dot.
Let me know what you think about this :)
But I am wondering if we might see another miner capitulation first before we see a blue buy signal dot.
With everything that is going on right now with the BTC miners, it's a strange time for indicators like the Hash Ribbons.
If miners will start to move from China to other countries, this will have a serious impact on the hashrate.
So in my opinion we could see another miner 'capitulation' again before getting a blue dot.
Let me know what you think about this :)
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