A Generational Bitcoin Buy Signal Is Almost Back

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sobota, 7. augusta 2021, 8:00

A Generational Bitcoin Buy Signal Is Almost Back

Bitcoin price has made a decent recovery from the lows put in around $28,888 and the yearly open, but still has ways to go to catch up the all-time highs.

A buy signal could trigger just days from now, according to the creator of the tool – crypto expert and founder of Capriole Investments Charles Edwards. Not only is this buy signal significant, it has a reputation for being Bitcoin’s most profitable.

Za posledných pár mesiacov Bitcoin experienced one of its largest bull market crashes on record – enough to get the market to question if a bear market had begun.

The dramatic collapse was in part driven by an exodus of miners from China and related energy FUD. It caused the Bitcoin hash rate to also plummet, which in turned caused the hash ribbons to cross back over to capitulation.

Related Reading | The Idea That The Bitcoin Bottom Is In Is Broadening

According to the creator of the tool, Charles Edwards of Capriole Investments, a buy signal should arrive some time this coming week. But what exactly does this mean? There are buy signals galore in technical analysis. This can occur when there’s a TD9 during a downtrend, a decisive close through the middle-Bollinger Band, or at a crossover of the MACD.

Na budúci týždeň je pripravený nákupný signál hash Ribbon

— Charles Edwards (@caprioleio) August 5, 2021

However, the Hash Ribbons buy signal is the buy signal known for the most profits in Bitcoin ever. The last signal of each cycle is especially strong, reaching as much as 5,000% and 3,000% ROI in the past.

The first of the two finale signals took Bitcoin from $20 to $1,200, and the second sent the cryptocurrency from $500 to $20,000 per coin and made it a household name.

Related Reading | How A Hammer & The Golden Ratio Could Mean 6 More Months Of Bullish Bitcoin

To, čo príde potom, môže byť ešte dramatickejšie, keď bude celý svet v pozore. Zdá sa, že existuje zákon klesajúcich výnosov a bolo viac kapitulačných fáz a nákupných signálov ako počas akéhokoľvek iného cyklu.

Tieto faktory by mohli zmeniť konečné výsledky, ale samotný nástroj je úspešný.

Hash Ribbons sú kĺzavý priemer založený na Bitcoin difficulty and hash rate. It is supposed to indicate when miners have given up and have started to sell their coins.

Ak alebo keď príde budúci týždeň, ako hovorí Edwards, môže to byť začiatok ďalšieho býčieho impulzu v krypto – a môže to byť posledný pred koncom cyklu.

Sledujte @TonySpilotroBTC na Twitteri alebo prostredníctvom telegramu TonyTradesBTC. Obsah je vzdelávací a nemal by sa považovať za investičné poradenstvo.

Originálny zdroj: NewsBTC