Post
Topic
Board Speculation
Re: Hash Ribbons Indicator confirms 10th buy signal in 9 years
by
dragonvslinux
on 31/12/2019, 08:58:52 UTC
Just found the medium thread about this indicator (after sometime I know  Roll Eyes), so have added in the Risk/Reward Returns table (based on Daily buy signals):

For reference sake, with the December 2019 buy signal at $7,245, that suggests a dip between 3-15%, this would calculate the next swing low around $7025-$6,160, with around $6,600 as an average. While $6,400-$6,500 might not be the bottom, this reliable indicator is none the less suggesting we are very unlikely to break below $6K.
If I find the time, I will try and make a table & chart that represents the min-max & average time after the buy signal that the low arrives, as I realise in 2015 this was nearly a year...