The Hash Ribbons haven't produced a blue dot yet. This is not the first time it takes a bit longer (it can take up to several weeks in fact).
But I am wondering if we might see another miner capitulation first before we see a blue buy signal dot.
With everything that is going on right now with the BTC miners, it's a strange time for indicators like the Hash Ribbons.
If miners will start to move from China to other countries, this will have a serious impact on the hashrate.
So in my opinion we could see another miner 'capitulation' again before getting a blue dot.
Let me know what you think about this :)
But I am wondering if we might see another miner capitulation first before we see a blue buy signal dot.
With everything that is going on right now with the BTC miners, it's a strange time for indicators like the Hash Ribbons.
If miners will start to move from China to other countries, this will have a serious impact on the hashrate.
So in my opinion we could see another miner 'capitulation' again before getting a blue dot.
Let me know what you think about this :)
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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.