MultiversX Tracker is Live!

Hash Ribbon Indicator on Bitcoin just gave Capitulation Signal

All Cryptocurrencies

by COINS NEWS 161 Views

Hey,

Hash Ribbon is an Indicator which has given very perfect buying/capitulation indications in the history of Bitcoin. It has just given Capitulation Signal today.

Hash ribbons take the 30-day and 60-day moving average of the Bitcoin hash rate, which is used to determine when sufficient miner capitulation has occurred.

Whole Blog from NASDAQ on Hash Ribbon - https://www.nasdaq.com/articles/bitcoin-mining-hash-ribbons-as-a-market-indicator

We are currently in the same phase as of 2018 and when Capitulation hit BTC in 2018, it went down 50%. In May 2021, it went down almost 50% after Capitulation signal.

Similarly, today we see a Capitulation alert on BTC chart. Let's see how it will end up.

https://s3.tradingview.com/snapshots/e/eafZA5ep.png

submitted by /u/ImThour
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments