Hash Ribbons is now confirming a recovery on all time-frames. Needs to close the Daily, as well as ideally Weekly in the green, but already feeling like



No blue buy signal yet, but positive price action post hash rate recovery should provide the signal, if it doesn't lead to a fake-out like in May 2021.



This would be an incredibly bullish sign in the long-term, despite bearish price action at present, based on the history of this indicator:


Last signal was in August 2021. The buy signal only comes around every year or so. Here's some previous data from 2019, though % increases have declined since then: