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Hash Ribbons & Bitcoin Bottoms

When miners give up, it is possibly the most powerful Bitcoin buy signal ever.

A Capitulated Bitcoin Miner

Bitcoin Difficulty & Hash Rate

Difficulty Ribbons Identify Miner Capitulation 2 Weeks After Hash Rate Ribbons
[Blue: Difficulty Moving Averages
Green: Hash Rate Moving Averages]

The Hash Ribbon Indicator

Table 1 — Returns from Buying at Miner Capitulation
Table 2 — Returns of the Hash Ribbon Indicator
The Hash Ribbon Indicator

What next?




-- | Digital Asset Management | Autonomous quantitative cryptocurrency trading.

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Charles Edwards

Digital asset management | Quantitative autonomous algo-trading. Follow me on Twitter: @caprioleio