Bitcoin Hash Ribbons Trigger Rare Bull Market Capitulation Signal
An important fundamental health signal of the Bitcoin network just crossed into “capitulation” territory, which in the past was associated with downside risk. However, the tool’s creator says that it wasn’t designed to give sell signals, and shouldn’t be interpreted that way. But because of how profitable its been used as a buy signal over […]
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On-chain data shows the Bitcoin Hash Ribbons are signaling that the miners are still under immense pressure as their capitulation continues. Bitcoin Hash Ribbons Are Yet To Signal End Of Miner Capitulation In a post on X, CryptoQuant community manager Maartunn has shared what the latest trend in the Bitcoin Hash Ribbons has been looking […]
Bitcoin signals are usually a good way for traders to know what is coming into the market. They might not always be accurate, but they help to provide information on possible movement patterns in the market. Things like bitcoin green candles will show if the asset is going into another bull market. And usually, these indicators are used to place trades in the market. On this note, the last time that this signal was triggered, the price of BTC grew 250% following it. Related Reading | Bitcoin Dominance Down As Market Hits $2 Trillion, Altcoins Are Taking Over The bitcoin hash ribbons....
Hash ribbons tell investors to buy BTC again for the first time in five months as BTC price consolidates below $20,000. An “elegant” Bitcoin (BTC) metric that predicted its run to $12,000 in August has flashed bullish again for the first time since July.As noted by creator Charles Edwards on Dec. 3, the Hash Ribbons indicator is now signalling for buyers to enter the Bitcoin market.Hash ribbons post rare "blue dot"Uploading an annotated chart to social media, Edwards, who is also the founder of digital asset manager Capriole, noted similarities between Bitcoin now and before previous....
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. Expert Says Generational Buy Signal Is In The Cards Over the last few months, Bitcoin experienced one of its largest bull market crashes on record – enough to get the market to....
After rising by more than 28% over the 16 days, the Bitcoin price was rejected at key resistance at $68,500 on Sunday. Since then, the BTC price is displaying a slight pullback, but according to Charles Edwards, the founder of Capriole Investments, investors can expect the bullish momentum to continue. Edwards shared the chart below and stated via X, “BREAKING: Hash Ribbon buy signal just fired.” Why The Bitcoin Hash Ribbons Matter This statement is significant, as the hash ribbons have historically been a reliable indicator, with an 84% accuracy rate in predicting....