Post
Topic
Board Speculation
Re: Hash Ribbons Indicator is now close to a Buy Signal
by
dragonvslinux
on 28/12/2019, 10:12:46 UTC
Hash Ribbons confirmed it's 10th buy signal in 9 years yesterday on the Daily chart, make of it what you will:



Here's the zoomed out / back-tested look of 2015-2019 buy signals from this indicator:



The 3 Day chart is also signalling a buy, confirmation would arrive tomorrow with the close of the current candle:



The Weekly chart however, that has been signalling "hash recovery" has been unable to maintain this MA bull-cross:



And for reference sake, the Monthly chart is still signalling capitulation (but is much less reliable indicator on this time-frame it seems):



Longer-term time-frames are yet to confirm this hash recovery, as well as price follow through, but already seeing buy signals on lower times-frames.