Unironically the most useful signal in this market for entries Who ready

Unironically the most useful signal in this market for entries

Who ready

  1. 3 weeks ago
    Anonymous

    >started
    >bottom is lower
    it's over

    • 3 weeks ago
      Anonymous

      Signal fires when the hash rate recovers back over the line, rly good track record. I guess as miners are the final ones to capitulate supply to whales, then marker is reset for them to gain.

      • 3 weeks ago
        Anonymous

        *over the line + some bullish momentum is the full signal

  2. 3 weeks ago
    Anonymous

    Good lord finally. Its unprofitable as FUCK at these low ass prices to mine. Dump the hash rate to fucking 0.

  3. 3 weeks ago
    Anonymous

    Kek I don't pay for electricity at my apartment so this just means big slice of the pie for me.

  4. 3 weeks ago
    Anonymous

    wen buy?

    • 3 weeks ago
      Anonymous

      When the lines cross back over again + bullish momentum hits again. There's a signal on trading view you can watch on daily BTC chart for the go signal. And a blog post about it on medium

  5. 3 weeks ago
    Anonymous

    miners aren’t capitulating fuckwad

    • 3 weeks ago
      Anonymous

      They will soon. There’s no fucking way to make money at scale with these prices and hash rate. It’s gonna be a fucking bloodbath once the XPs start coming online in August

      • 3 weeks ago
        Anonymous

        XPs?
        -t. retard

        • 3 weeks ago
          Anonymous

          [log in to view media]

          • 3 weeks ago
            Anonymous

            Marathon keeps pushing back when that shit is gonna come online. I'm bagholding that shit from 15

            • 3 weeks ago
              Anonymous

              There already not enough capacity in the US for existing machines. Yet they keep pumping out more silicon and pricing it like there’s still places to plug it in

            • 3 weeks ago
              Anonymous

              >keeps pushing back when that shit is gonna come online
              Marathon have to wait for bitmain to get their share of mining done with the machines they paid for

        • 3 weeks ago
          Anonymous

          They will soon. There’s no fucking way to make money at scale with these prices and hash rate. It’s gonna be a fucking bloodbath once the XPs start coming online in August

          S19XP are still 12.5k each.
          I have 50k in my bank account I would scoop them up if any were available.

      • 3 weeks ago
        Anonymous

        They can when new gpu's come later this year. AMD is looking to do 50% more performance per watt, and nvidia is going bonkers with power draw to make god like performance.

        Did you take gpu development into account?

        • 3 weeks ago
          Anonymous

          [log in to view media]

          GPUs are over (pic related).
          If Ethereum doesn’t go POS the mining profitability will go to shit because ETH will dump to oblivion. If it does go to POS mining profitably will still go to shut because what are you gonna mine ETC?

  6. 3 weeks ago
    Anonymous

    yes they are fuckwad

  7. 3 weeks ago
    Anonymous

    For reference the worst signal in recent 5 years gave a +20% rally.

    the 3 last recent signals before that fired at $19.5k in December 2020 before the breakout,
    $9k in July 2020 before the rally to $12k,
    and $7.5k in April 2020 before the rally to $10k.

  8. 3 weeks ago
    Anonymous

    wtf is this chart it hit a new ATH today.

    • 3 weeks ago
      Anonymous

      https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836

      For reference the worst signal in recent 5 years gave a +20% rally.

      the 3 last recent signals before that fired at $19.5k in December 2020 before the breakout,
      $9k in July 2020 before the rally to $12k,
      and $7.5k in April 2020 before the rally to $10k.

      • 3 weeks ago
        Anonymous

        I was wrong it didn't DAA to an all time high, but it's very close.

        There's nothing wrong with the hashrate, your article is from 2019.

        • 3 weeks ago
          Anonymous

          It's worth a full read, it shows miners can't afford to keep running right now & shut off their mining until difficulty smooths out.

          Rather than looking at it as a problem for miners, it's looking at it as a way to time price bottoms. as typically miners selling in these events have created price lows.

          • 3 weeks ago
            Anonymous

            Oh yeah I agree with that.

          • 3 weeks ago
            Anonymous

            so in the next two to four weeks we can expect a fire sale

            • 3 weeks ago
              Anonymous

              Don't be so sure about it, It's typically a lagging indicator, The maximum buy zone usually occur after reversal already occurred.

              • 3 weeks ago
                Anonymous

                Could be shorter or longer but yeah worth keeping an eye on

                If you get bitcoin/USD up on tradingview, set it to 1day candles, and click the indicators button, search for hash ribbons.

                Checking that daily will let you know when the entry signal fires (will show green circles as it progresses, then the blue circle is go time).
                There's also another one "bitcoin production cost" that weirdly price seems to hit even though it's dynamic. currently around 20k.

                very interesting stuff. thanks for sharing anon

            • 3 weeks ago
              Anonymous

              Could be shorter or longer but yeah worth keeping an eye on

              If you get bitcoin/USD up on tradingview, set it to 1day candles, and click the indicators button, search for hash ribbons.

              Checking that daily will let you know when the entry signal fires (will show green circles as it progresses, then the blue circle is go time).
              There's also another one "bitcoin production cost" that weirdly price seems to hit even though it's dynamic. currently around 20k.

          • 3 weeks ago
            Anonymous

            just so you know like almost all previous historical indicators this one too is at risk of being blown out this cycle
            in the past miners were forced to capitulate because of their heavy concentration in china and their outside legal status meant they had no access to funding/loans so they had to sell at any price to keep minimum upkeep costs
            now that chinese miners are shoahed and the hashrate exodused to other jurisdiction especially the usa where big miners do have a wide access to funding they are not forced to sell and can sit on their corns to ride out the storm
            the summer signal was very disappointing in prize action, you'd expect a cratering but it completely missed already once due to aforementioned events
            its already surprising btc didn't dump harder today

            • 3 weeks ago
              Anonymous

              Yeh none of them are immortal I guess, the last one was lacking from the China ban chaos / mining rearrangement, which might be an outlier due to that situation. or not.

              but will give it high weight still considering timing here with how markets look atm, by the time it signals seems like btc likely would have hit fresh lows.

      • 3 weeks ago
        Anonymous

        Holy fuck my n-words, this is gold

        • 3 weeks ago
          Anonymous

          >https://medium.com/capriole/hash-ribbons-bitcoin-bottoms-60da13095836
          Oh so this grifter has been running this indicator for 3 years based on those fake excel tables in his lil medium article?
          KEK.

          >t. retard that just started trading

          • 3 weeks ago
            Anonymous

            tick tock bobo

      • 3 weeks ago
        Anonymous

        thanks for this
        makes a lot of sense to me

        • 3 weeks ago
          Anonymous

          u got it
          yeh it's a good one to look out for. like the other poster mentioned it's lagging so not necessarily for timing the low, can use other stuff for trying to get that (personally looking at 200 week moving average for some % in, then $20k if that fails as it's -70% like other major lows, + also paired with a major top, then seeing if stocks have stopped to stay in after),

          but it's got a good track record for rallies following soon after

      • 3 weeks ago
        Anonymous

        > Oct 30, 2019
        are you kidding me?

  9. 3 weeks ago
    Anonymous

    What are you guys talking about? Is the price going to go up or down?

    • 3 weeks ago
      Anonymous

      [log in to view media]

      • 3 weeks ago
        Anonymous

        Kek

    • 3 weeks ago
      Anonymous

      >What are you guys talking about?
      Mining profitability at the current prices for BTC.

  10. 3 weeks ago
    Anonymous

    Last bump

  11. 3 weeks ago
    Anonymous

    hashrate is super high right now

  12. 3 weeks ago
    Anonymous

    [log in to view media]

    Imagine building a ribbon with buy/sell signals based on the Hash Rate vs Price. Random Line Theory strikes again.

  13. 3 weeks ago
    Anonymous

    No hash power = no transactions on the blockchain = your little internet coin is going to 0.

  14. 3 weeks ago
    Anonymous

    [log in to view media]

    meanwhile on CT...

  15. 3 weeks ago
    Anonymous

    what does it mean? Up or down?

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