The Most Profitable Buy Signal In Bitcoin Just Triggered

[AJBot]

The latest trend in the Bitcoin “hash ribbon” indicator has just formed a pattern that has historically been a buy signal for the crypto. Bitcoin Hash Ribbon Buy Signal Goes Off As Miner Capitulation Comes To An End As explained by an analyst on Twitter, the BTC miner capitulation phase seems to have ended today after going on for 71 days. Before trying to understand what the “hash ribbon” indicator does, it’s best to first take a look at the “hashrate” metric. The hashrate is a me ...

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[Shaffy]

The market seems to be in accumulation phase, or very close to that point. While this indicators could signal that it's time to buy, others are showing that we could still go lower from here. Using dollar cost averaging would be a good strategy at this point in case price goes lower.

 

[nana kwasi1]

The market appears to be in, or very nearly in, the accumulation period. While some indicators suggest that it may be time to buy, others suggest that we may still decline from this point. At this point, utilizing dollar cost averaging would be a wise move in the event that prices decrease.

 

[Sotherefore]

The market seems to be in accumulation phase, or very close to that point. While this indicators could signal that it's time to buy, others are showing that we could still go lower from here. Using dollar cost averaging would be a good strategy at this point in case price goes lower.

The consolidation between 20 and 18 thousand dollars has been for a long time. It might be possible for us to see the price of bitcoins and other cryptocurrency reversing completely from here.