BITCOIN - This indicator has never failed since 2017.

2023년 8월 14일

Hello Trading View friends!
I bring here a reading about Bitcoin!

The hash ribbons indicator is known for accurately pinpointing BTC buy points. And it has long served as a benchmark for crypto traders.
Since 2017, there have been 7 buy signals on the weekly chart.
All these signals were quite profitable.

Now note the following:
The close of the BTC weekly candlestick generated a new buy signal on Hash Ribbons, the eighth.
This was highly expected by many traders in the crypto market.

Another interesting fact:
This new buy signal in BTC occurs precisely at a time when the asset touches the bottom of an upward channel again.
This is undoubtedly a beautiful momentum for BTC.

Another beautiful sign is that again a wedge appears to be breaking upwards.
The targets would take us to 40k.

Hope this helps.

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