This indicator is based on the 1M and 2M hashrate moving average and has given very strong BUY signals in the past once hashrate comes back up, but there is still room to go, no confirmations yet, and it could be still be a dead cat bounce.
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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.