Rare Signal Emerges Hinting Now Is The Best Time To Buy Bitcoin
The time-tested hash ribbons indicator flagged a rare buy signal on Friday, suggesting now is the best time to buy bitcoin.Hash ribbons, an indicator with a proven track record of spotting opportunistic entry points for bitcoin, has flashed a buy signal suggesting now is a prime period to purchase the peer-to-peer currency.Knowing when is the best time to make an investment is the desire of many but the accomplishment of few. Indeed, investment strategies such as dollar-cost averaging (DCA) have emerged to remove the guesswork from the equation and enable a more stress-free investing....
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Advanced NVT was already hinting that Bitcoin was "seriously cheap," but has now printed a rare buy flag. A Bitcoin (BTC) price metric which made BTC “look seriously cheap” at $56,000 is now in rare oversold territory.In a tweet on Dec. 6, Philip Swift, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming from Bitcoin’s Advanced NVT Signal.Advanced NVT deflates in Bitcoin price routAdvanced NVT calculates whether Bitcoin is overbought or oversold at a certain price point using market capitalization and network volume.In late November,....
A rare bullish bitcoin signal, the difficulty ribbon compression, has started pumping up for the first time since the bull run started. The Bitcoin Difficulty Ribbon Compression Goes Up As pointed out by a BTC analyst on Twitter, the difficulty ribbon compression seems to be going up for the first time since the bull run […]
Crypto analyst Tony Severino has revealed a rare chart formation, which presents a bearish outlook for the XRP price. This comes amid a market downtrend, with concerns that XRP may have topped in this market cycle. Rare Chart Pattern That Sparked 87% XRP Price Crash Resurfaces In an X post, Severino revealed that the XRP monthly LMACD has crossed bearish for the third time ever. He noted that the past two bearish crossovers resulted in an 87% and 71% drawdown after the signal fired. The analyst added that this signal, this time around, is still unconfirmed. As such, he remarked that....
The popular meme known as Pepe the Frog is gradually becoming a tradeable CounterParty asset through the Bitcoin Blockchain known as Rare Pepes, they are created with pictures of Pepe and are held in the Rare Pepe Wallet. Rare Pepe cards can be transferred like cards through the browser-based wallet. Rare Pepe cards. According to Bitcoin.com, each card design has to be voted by the Rare Pepe Foundation which issues all Rare Pepe card XCP assets. The Foundation is there to ensure the card images are dank and relate to Bitcoin or cryptocurrency in general. Once approved, the cards are....
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 […]