BTCUSDT - HASH RIBBON BUY SIGNAL
Hash Ribbon indicator has given a Buy signal. You can back test yourself on the daily chart. When it gives a buy signal, the price does not immediately react to it, but it is an important indicator for understanding future price movements.
We cannot say that we will continue the bull season. However, BTC entered a voluminous and strong trend after the 29k deviation from the 30k support.
The coronavirus and the general situation in the world are not positive. But BTC is technically and fundamentally looking good. Basically, the fact that the regulators do not react harshly and that the cryptocurrency exchanges do not have problems with the regulators also has a positive effect.
Binance is having problems in Europe and various countries, but seems determined to overcome these problems.
We can say that the regulations they made in derivative products show us Binance's willingness to make agreements with regulators.
Some people say that we are in the "complaceny" era of past BTC cycles. But that might not be the right argument.
The price action we have experienced in past bull cycles remains well above this bull. Of course, the volume required for the price is much higher than before, and this should be taken into account. But BTC is stronger socially and institutionally than before.
Past cycles may not be exactly repeated. Don't just focus on bulls or bears when making investment decisions. As you can see, there are altcoins that have made 70% 110% recently. It doesn't seem that there is much left behind from the bull period we experienced a few months ago.
Actually, I just came here to say the hash ribbons buy signal, but it's been a relatively long post. Stay safe....peace
We cannot say that we will continue the bull season. However, BTC entered a voluminous and strong trend after the 29k deviation from the 30k support.
The coronavirus and the general situation in the world are not positive. But BTC is technically and fundamentally looking good. Basically, the fact that the regulators do not react harshly and that the cryptocurrency exchanges do not have problems with the regulators also has a positive effect.
Binance is having problems in Europe and various countries, but seems determined to overcome these problems.
We can say that the regulations they made in derivative products show us Binance's willingness to make agreements with regulators.
Some people say that we are in the "complaceny" era of past BTC cycles. But that might not be the right argument.
The price action we have experienced in past bull cycles remains well above this bull. Of course, the volume required for the price is much higher than before, and this should be taken into account. But BTC is stronger socially and institutionally than before.
Past cycles may not be exactly repeated. Don't just focus on bulls or bears when making investment decisions. As you can see, there are altcoins that have made 70% 110% recently. It doesn't seem that there is much left behind from the bull period we experienced a few months ago.
Actually, I just came here to say the hash ribbons buy signal, but it's been a relatively long post. Stay safe....peace
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