Hash Ribbons

30 paź 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 paź 2019

Informacje o Wersji

Updated shape titles.

30 paź 2019

Informacje o Wersji

Cleaned up chart/code. No technical changes.

12 lis 2019

Informacje o Wersji

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

No technical changes.

16 lis 2019

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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 lis 2019

Informacje o Wersji

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 lis 2019

Informacje o Wersji

Added "Capitulation" and "Recovery" text to plot

19 lis 2019

Informacje o Wersji

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

23 lis 2019

Informacje o Wersji

• 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 lis 2019

Informacje o Wersji

Small fix for intra-day time frame management.

29 lis 2019

Informacje o Wersji

Minor code tweak.

3 lut 2020

Informacje o Wersji

Minor code optimization - no logic change.

27 kwi 2020

Informacje o Wersji

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

4 lip 2022

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sourcing

5 lip 2022

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Sourcing update

6 lut 2024

Informacje o Wersji

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