Hash ribbon warning Bitcoin hash ribbon showing signs of weakness
Capitulation??? If so 9k btc could be the next target
Hash
BTCST - Wait For The Trigger!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 => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated, BTCST would be overall bearish can still trade lower till the green support before going up. In this case we will be looking for new buy setups to form.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTC/BCH - STRONG SELLBTC/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
Hash Ribbons Signal Suggests $23k ETH by AprilIf 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 the not so distant future where we will see $1000 green candles.
Bitcoin energy value vs BTC priceBitcoin energy value grater than BTC price by ~40% along with ATH BTC hash rate. What does it mean 🙄🙄🙄
bitstamp first with hash ribbons indicator?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 a couple weeks ago, is it in fact the first time this has happened? from what i can tell, it is. but smarter / better / more experienced traders than me have told me i'm mistaken.
i'd love to know what i'm not seeing. if you spot something i missed, would you please comment below? Thanks!
update to Bitstamp Hash Ribbons Indicator firstHere'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.
Supper Guppy+Hash RibbonsThis 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
BTC MINERS' WIN + WIN STRATEGYBitfinex 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 all miners has decline trend.)
In other words 30 SMA - 60 SMA are death crossing.
Important thing here ; even miners turned off their systems BITFINEX LONGS were growing. At the same time price found bottom before as you see.
I am assuming; some miners were sold as much as they can and they dumped the price while they opened long on BITFINEX. (Win + Win)
First Win : They have good long position as you see price at $3100-$3500
Second Win : Some miners had to close their machines and they had relative more BTC award from mining.
-What i am expect now? (Number 2 Situation)
Almost same situation here as you can see. Price is dropping, BITFINEX longs are growing, Hash ribbons showing us " Capitulation "
I am assuming that they are dumping price again but they are secure their BTC value at BITFINEX to opening a long.
They get lower entry for long. Small miners are closing their machines because they know that its not profitable enough right now.
As a conclusion ;
I am thinking as a miner, i can sell as much as i can from spot exchange to dump price. And opening a lower long while this is happening.
And shakeout weak miners as much as i can. Try to reduce difficulty to get more benefit.
SO, its not mean that we found our bottom yet. Still lower price on the table but one more good thing as bull,
After miners run out of BTC, they won't sell until halvening. And i am assuming that price will growth.
Nothing here financial advice. Follow and like for more. Thanks.
We Are Skirting on the Edges of a Bitcoin Miner CapitulationBitcoin 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 we see continued Hash Rate growth, and separation of these Ribbons, we cannot be sure.
This is one of the most important indicators to be watching right now regarding Bitcoin's health… as when miners hurt, the market will hurt too.
