Post
Topic
Board Speculation
Re: Hash Ribbons Indicator confirms 10th buy signal in 9 years
by
dragonvslinux
on 30/12/2019, 10:23:52 UTC
And now you have the Weekly confirming the 7th buy signal in 9 years as well:

Weekly chart - has been flirting with recovery stage of miner capitulation, similar to August 2016:

Signals (2011-2019):
$5.28, December 26th 2011 (1)
$6.35, June 18th 2012 (2)
$23.80, February 4th 2013 (3)
$227, January 26th 2015 (4)
$231, May 25th 2015 (5)
$3533, January 7th 2019 (6)
$7385, December 30th 2019 (7)



Average of 1 buy signal every 18 months in the past 9 years. 2 signals have occurred in the past 3 years.

Notably on certain exchanges (such as Bitstamp), the indicator is again signalling a buy on this weeks current opening candle:



If the candle closes with the buy signal, this would be the first time two consecutive weeks have received buy signals Shocked

If these buy signals come through, I will become an uber bull  Grin

And there you have it.