Hash Ribbon Buy Signal

Inspiring new Traders. The Hash ribbon, which is a function of miners activity and price has flashed a buy signal. As measured on the chart its been worth between 36-45% this year. I've drawn it at 30% which accounts for what appears to be diminishing performance. But regardless, it points towards a reversal in trend, with the likihood that we start setting higher highs along with the higher lows we've seen.

Here what that would look like on the monthly; I'd like to suggest over-performance because its the first move in a new trend and we are to the right of the halvening, but we haven't even gotten close to closing above 12k in the last year.


Behold the buy signal in 2019

The 2016 Halvening's buy signal on a weekly chart

Trade smart, have stop losses, have a strategy for taking profit and size your orders, and of course, own your own trades.