YAS0

The Hash Ribbon Indicator JUST CROSSED!

The Hash Ribbon indicator haven't cross since May 2021. Hash Ribbon indicator looks at potential period where Bitcoin Miner struggles to support the Bitcoin network. When this happens, some miners may capitulate, sell to fund operation, or turn some mining rigs off. This indicator looks at the 30 daily MA dropping below 60 daily MA. - indicated in the first chart and closer look in the 2nd chart with a stronger yellow box. The 30 daily MA moving below 60 daily MA will most likely happen for a period of time. This doesn't indicate the bottom, but it does measure a period of time where Bitcoin's price may look very attractive. Puell Multiple is low! This indicator on the bottom panel of the first chart looks at Bitcoin miners and their revenue. A low number means that they are not as profitable. Not financial advice but historically these periods have some of the most attractive Bitcoin prices.