We Are Skirting on the Edges of a Bitcoin Miner Capitulation

BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Bitcoin Hash Ribbons are extremely close to a potential Miner Capitulation.

Should a Capitulation occur (crossover of the ribbons), it is not the time to be buying Bitcoin .
The best times to buy Bitcoin is on Hash Rate recovery, as identified by this indicator.

For now, we are "still in the green", and Bitcoin's price may have already bottomed.
However, until we see continued Hash Rate growth, and separation of these Ribbons, we cannot be sure.

This is one of the most important indicators to be watching right now regarding Bitcoin's health… as when miners hurt, the market will hurt too.
Nov 16
Komentarz: No inversion yet!
Nov 18
Komentarz: FYI - notes on current situation, and likelyhood of capitulation:
Nov 18
Nov 19
Komentarz: Miner capitulation just confirmed.
Nov 19
Transakcja zamknięta: osiągnięto wyznaczony cel
Excellent ! Please keep us posted at next capitulation recovery :)
+1 Odpowiedź
So according to this indicator it was good to buy BTC all the way down from 20k to 6k. Makes sense lol
+2 Odpowiedź
@Germio, He did mention that the best time to buy is during hashrate recovery. You could read it too. The way I see it, its looking simple. sell when it turns red, buy back when it turns green. How hard is it to infer that even ?
+1 Odpowiedź
Thank you @cryptosako, correct!

@Germio - if you want to understand the indicator better, you can also read more about it when you follow me on Twitter/Medium
Excellent work! keen to test out your indicator and will analyse vs the historical data when I get home.

The mining difficulty adjustment built into bitcoins design is incredible!
@mattchimoku, cheers! I have done quite a lot of testing, it has worked superbly over the last 10 years.

You can read more about the results if you follow me.
+1 Odpowiedź
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