This is a mean reversion indicator that anticipates a local trend reversion. Basically, it is a channel with the mid-line serving as a moving mean baseline. Each of the two curves run up and down within this channel bouncing off from the top and bottom bounds. Touching the bounds serves as an indication of a local trend reversal. The reversal signal is stronger...
This is another tool to find big cycle bottoms that is very unknown yet effective.
The Difficulty Ribbon speaks to the impact of miner selling pressure on Bitcoin`s price action.
When network difficulty reduces its rate of climb, miners are going out of business, leaving only the strong miners who proportionally need to sell less of their coins to remain...
A simple bundle of EMAs with some odd numbers that I found good confluence on 15min, 1h, 4h, 12h, 1d, 1w on BTC and on ALTS.
Works good for dynamic S/R on LTF and high probability target on MTF and HTF.
Try it out during your scans.
Lemme know what you think.
![BLX: Bitcoin Difficulty Ribbon [aamonkey]](https://s3.tradingview.com/q/qXsgIExJ_mid.png "Bitcoin Difficulty Ribbon [aamonkey]")
