Hash Ribbons

30 Okt 2019

Buying during Miner Capitulation yields wonderful returns.

The best buy signals occur on Hash Rate "recovery", and when price momentum is also positive.

Historically, this strategy has yielded average returns to cycle peak of >5000%, with max Drawdown of -15%.

Follow me to learn more about this indicator.

30 Okt 2019

Nota Keluaran

Updated shape titles.

30 Okt 2019

Nota Keluaran

Cleaned up chart/code. No technical changes.

12 Nov 2019

Nota Keluaran

More chart formatting for clarity on "light" TradingView theme.

No technical changes.

16 Nov 2019

Nota Keluaran

Release Notes: Update v1.1

• 
  All prior calculation logic remains unchanged.
  
  This Update includes:
  
• Fix of re-painting issue on live data. This stop false alerts before the daily bar has closed. On live data, yesterday’s Hash Rates will be used regardless of the Bitcoin ticker symbol you are looking at.
  
• Addition of multi-time-frame management. This now gives you the ability to use this indicator on any time-frame (Minutely, Hourly, Daily) and always know you are looking at the Hash rate values from yesterday's close.
  

Enjoy!

18 Nov 2019

Nota Keluaran

Added optional Hash Rate "Growth" Oscillator.

To use, change the indicator setting "Plot Type" to "Oscillator".

For more information, see my TradingView "Idea": "Miner Confusion? An Unusual State in Hash Rate Growth"

19 Nov 2019

Nota Keluaran

Added "Capitulation" and "Recovery" text to plot

19 Nov 2019

Nota Keluaran

• Added chart "alerts" for easier notification
  
• Added chart shape "titles"
  
• Minor chart formatting tweaks
  
• No calculation changes
  

23 Nov 2019

Nota Keluaran

• Added notes in code explaining how to use the "Spring" (copied below)
  
• Added option to display raw Hash Rate
  
• Fixed minor bug where 1 blue circle in 2012 didn't appear on the chart
  

The "Spring" is the confirmed Miner Capitulation period:
- The 1st "gray" circle is the start of Capitulation (1 month Hash Rate crosses UNDER 2 month Hash Rate)
- Last "green" circle is the end of Capitulation (1 month Hash Rate crosses OVER 2 month Hash Rate)
- The "greener" the spring gets (up until blue) represents Hash Rate recovery (it is increasing)
- The "blue" circle is the first instance of positive momentum following recovery of Hash Rate (1m HR > 2m HR). This is historically a rewarding place to buy with limited downside.

28 Nov 2019

Nota Keluaran

Small fix for intra-day time frame management.

29 Nov 2019

Nota Keluaran

Minor code tweak.

3 Feb 2020

Nota Keluaran

Minor code optimization - no logic change.

27 Apr 2020

Nota Keluaran

Updated projected date for the 3rd halving in May 2020.

4 Jul 2022

Nota Keluaran

sourcing

5 Jul 2022

Nota Keluaran

Sourcing update

6 Feb 2024

Nota Keluaran

Updated script to use "Into the block" datasource given Nasdaq data hasn't updated in a month.