BITCOIN: HASH RIBBON SIGNALS
Updated
This signal activates very rarely, in short, this is the third time in the history of bitcoin. It works based on the conditions of Price, Hashrate and Difficulty and in conjunction with favorable conditions for bitcoin mining.
- Consider the average values of Bitcoin, Hashrate and Difficulty.
When mining comes out of the contraction phases, like the current one, there are strong signs of recovery on the dynamics of bitcoin prices. And in essence when the hashrate increases and the prices are positive for a verified and prudent period, one enters into Bull phases. In short, it is not that there will be no discounts, but they are very important signs in the long term.
For those like me who have predicted a Halving around 6k USD it seems that the time has come to suck our fingers.
However the creator observes
"However, this may be the most high risk signal to date.
Why?
- All Halvings have had another capitulation
- Miners are running at break even today
- Global recession = tighter liquidity = credit crunch
In 2020 there is a greater probability of more miners defaulting. "
So ... it's still a difficult entry!
Mining and price must go through the halving phase and it is a delicate step. However, it is at this time that large numbers can be made if you play ahead of time.
Certainly for many miners these are not easy moments.
- Consider the average values of Bitcoin, Hashrate and Difficulty.
When mining comes out of the contraction phases, like the current one, there are strong signs of recovery on the dynamics of bitcoin prices. And in essence when the hashrate increases and the prices are positive for a verified and prudent period, one enters into Bull phases. In short, it is not that there will be no discounts, but they are very important signs in the long term.
For those like me who have predicted a Halving around 6k USD it seems that the time has come to suck our fingers.
However the creator observes
"However, this may be the most high risk signal to date.
Why?
- All Halvings have had another capitulation
- Miners are running at break even today
- Global recession = tighter liquidity = credit crunch
In 2020 there is a greater probability of more miners defaulting. "
So ... it's still a difficult entry!
Mining and price must go through the halving phase and it is a delicate step. However, it is at this time that large numbers can be made if you play ahead of time.
Certainly for many miners these are not easy moments.
Trade active
TEST LEVELS: RESISTANCETrade active
I'm sorry hereTrade active
Bearish Divergence at 1H timeframe
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.