Bitcoin Hash Ribbons are extremely close to a potential Miner Capitulation.
Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin.
The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator.
For now, we are "still in the green", and Bitcoin's price may have already bottomed.
However, until we see continued Hash Rate growth, and separation of these Ribbons, we cannot be sure.
This is one of the most important indicators to be watching right now regarding Bitcoin's health… as when miners hurt, the market will hurt too.
Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin.
The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator.
For now, we are "still in the green", and Bitcoin's price may have already bottomed.
However, until we see continued Hash Rate growth, and separation of these Ribbons, we cannot be sure.
This is one of the most important indicators to be watching right now regarding Bitcoin's health… as when miners hurt, the market will hurt too.
Not
No inversion yet!Not
FYI - notes on current situation, and likelyhood of capitulation:Not
Not
Miner capitulation just confirmed.İşlem kapandı: hedefe ulaştı
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.