Bitcoin's hash ribbon buy signal: how good is it?A look at the performance of the hash ribbon indicatorBitcoin's hash ribbon indicator recently flashed a buy signal. This relatively rare event is considered by Bitcoin investors to be a great buying opportunity. But is that really the case? Should you go long on Bitcoin based on the most recent buy signal? The Ecoinometrics newsletter gives you insights from crypto and macro data to help you make better investment decisions. We spend hours every day gathering data, creating metrics and bringing them to life with data visualizations that allow you to quickly get to the heart of things. We then distill all that knowledge in each issue of the newsletter with less words and more charts so that you get insights, direct to the point, in five minutes or less. Join more than 23,000 investors here: Done? Thanks! That’s great! Now let’s dive in. Bitcoin's hash ribbon buy signal: how good is it?The takeawayThe Bitcoin hash ribbon buy signal is a rare event, occurring only about twice a year. While it doesn't consistently yield the highest returns, it has historically been effective at:
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Wednesday, July 31, 2024
Bitcoin's hash ribbon buy signal: how good is it?
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