The buy signal (in blue) has not yet appeared on the Daily time-frame, we are however close to getting our 4th buy signal in so many years after the bullish MA crossover of the Hash Ribbons shorter & longer SMAs (30 & 60) has occurred. See recent buy signals in past 4 years as well as the returns to current June 27th closing price price of $9,010. Hard not to be feeling slightly bullish right now, pending confirmation.
Month Year: Price (+% since signal to date) September 2016: $616 (+1,360%) January 2019: $3,652 (+146%) December 2019: $7,245 (+24%) April 2020: $7,552 (+19%)
Weekly chart still pending MA crossover:
Monthly chart is still one step behind, not yet green even:
BTCUSD: Network Hash Gives 10th Buy Signal In 9 Years
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Miner recovery signaled on Weekly time-frame, next for the buy signal?