🗣: Yesterday we received a buy signal on Hash Ribbons and today we fell, why ⁉️
Answer: The Hash Ribbon is primarily an indicator of the
BTC hashrate, it is 2 moving averages, and when after the capitulation of the miners (after the halving), we reached the plateau at least a little and began to recover, MA turned to the bullish side, which triggered the signal.
📝So it's simple - the hashrate has recovered.
💡Of course, considering other metrics, we have a fairly positive long-term picture and hashrate is a fairly powerful fundamental metric, the growth of which is positive for the reliability of the #Bitcoin network. But too much attention to only one signal is not productive.
Answer: The Hash Ribbon is primarily an indicator of the
BTC hashrate, it is 2 moving averages, and when after the capitulation of the miners (after the halving), we reached the plateau at least a little and began to recover, MA turned to the bullish side, which triggered the signal.📝So it's simple - the hashrate has recovered.
💡Of course, considering other metrics, we have a fairly positive long-term picture and hashrate is a fairly powerful fundamental metric, the growth of which is positive for the reliability of the #Bitcoin network. But too much attention to only one signal is not productive.
💰Free Channel — t.me/FeelsStrategy
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
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💰Free Channel — t.me/FeelsStrategy
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
🤵For more info contact — t.me/VolodymyrFeels
🔗 Links — feelsstrategy.com/links
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.