Hash Ribbon Indicator Fractal Not So Good for Bears
This isn't good for the bears. This indicator is playing out a fractal along with the price action that can't be ignored.
Look at my chart about the 1- and 2-year MA fractal playing out right now.
I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even if it looks like it **might** break the trend, I have to give that less of a chance. Imagine something occurring every second of every day for 10 YEARS. It's probably just best to assume it's going to happen tomorrow until it doesn't.
I believe that the bottom is in.
Don't lock horns with the bull.
Look at my chart about the 1- and 2-year MA fractal playing out right now.
I'm sorry, but as an analyst I'm going to have to give a 9 year trend line more credence than a three month old one. Until it's broken, I'm BULLISH long term, even if it looks like it **might** break the trend, I have to give that less of a chance. Imagine something occurring every second of every day for 10 YEARS. It's probably just best to assume it's going to happen tomorrow until it doesn't.
I believe that the bottom is in.
Don't lock horns with the bull.
Note
COVID caused a new bottom shortly after this chart was made. It's now almost a year later and we're past the halving and have gotten our cluster of Hash Ribbon BUY signals, the last of which just fired. It's GO time.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.