Hash Ribbons

This indicator gives long-term buy signals on Bitcoin.

It takes into account periods of capitulation and the beginnings of euphoric phases to send an optimized buy signal. The buy signal is given when a blue dot appears. Several weeks or even months can pass between 2 buy signals. Between January 2012 and July 2021, the indicator gave only 13 buy signals, all of which were relevant as Bitcoin never stopped rising, but all of which were given at an opportune moment.

The 1st buy signal was triggered in 2012 when 1 Bitcoin was worth less than $6! In 2015, it gave 3 consecutive buy signals when Bitcoin was worth around $250, and we were on the low point of the market. And in early 2020, Hash Ribbons also advised us to reload our Bitcoin bags at less than $10,000, and indeed, some nice performances were recorded on Bitcoin in the months that followed!

This indicator is worth keeping an eye on all year round, as it could indicate the start of an uptrend and a possible exit from a bear market or range.

Please note that the green and grey dots that precede the blue dot are not buy signals, just the indicator loading up before possibly confirming the signal.

And beware: this indicator worked extremely well during the first 10 years of Bitcoin's circulation, but that doesn't mean it will always be as accurate and relevant in the future. You mustn't rely solely on this indicator, and even if it gives a buy signal, have a strategy: know whether you're entering with a stop loss, whether you're DCAing, if so with what percentage of your portfolio etc…

Finally, remember that this indicator only gives buy signals, not sell signals, so you need to prepare a strategy for exiting the market, such as selling in stages that you set beforehand.