Last night August 9, one of the best buy indicators in bitcoin flashed a buy signal: Hash Ribbons. The Hash Ribbons Indicator created by Charles Edwards uses the thirty and sixty-day moving averages of bitcoin hash rate to determine when miner capitulation has occurred, and uses this to estimate local bitcoin bottoms.
The Daily Dive #039 - One Of The Biggest Buy…
Last night August 9, one of the best buy indicators in bitcoin flashed a buy signal: Hash Ribbons. The Hash Ribbons Indicator created by Charles Edwards uses the thirty and sixty-day moving averages of bitcoin hash rate to determine when miner capitulation has occurred, and uses this to estimate local bitcoin bottoms.
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