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%.
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🔗Blockchain Fundamentals - MCCD - Miner Capitulation & Convergence Divergence
(a.k.a. Hash Ribbons)
Miner Capitulation has been talked about alot recently in the news and on twitter. I wanted to join the in fun and add my own spin on things.
This shows the 30 (yellow) and 60 (orange) day moving average of the hash rate of bitcoin. I added an...