Bitcoin

Hash Ribbons - Another miner capitulation

393
As I said in my previous post, there was a chance we would have a new miner capitulation before the Buy signal appeared.
And here we are today.

It was not unexpected of course with what's going on in the BTC mining industry at the moment.
Let's hope the mining industry gets some relief soon.

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.