Indicator Hash Ribbon on Tradingview

dragonvslinux

legendary

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Quote from: jackg on August 20, 2022, 09:12:53 AM

I just saw a thread about historic trends of this earlier that looked interesting: https://bitcointalksearch.org/topic/m.60787658

Quote from: cabron on August 20, 2022, 10:04:09 AM

But its good to know that's how Hash Ribbon indicator works. dragonvslinux had really provided a great thread for anyone to learn.

Thanks for the referencing

Worth remembering that on longer-term time-frames where the indicator remains most relevant (Weekly/Monthly) the signal remains unconfirmed. It's signalling now, but can change by end of day tomorrow given the MAs have only just crossed over, and the positive price action is currently only +2% from the hash rate recovery signal. But otherwise yes, it's a relatively reliable signal for upside price action.

The "worst" signals it has provided would be in December 2019 at $7,385 where price rallied +40% before dropping lower -46% below signal, followed by August 2021 at $43,829 with +58% before dropping to where we are now, -59% below that buy signal. It has otherwise signalled anything from trend reversals, end of consolidations as well as continued upside price momentum.

The lowest downwards price action used to be around -15%, but now it's -59% based on the most recent confirmed signal a year ago. So not as reliable as it used to be in fairness.

Here's otherwise a summary of buy signals:

Quote from: dragonvslinux on August 20, 2022, 06:00:36 AM

Daily chart signals (partial source)

1. $4.08, December 27th 2011
2. $5.09, May 20th 2012
3. $6.46, June 22nd 2012
4. $20.55, February 2nd 2013
5. $234, January 28th 2015
6. $234, May 2nd 2015
7. $238, May 28th 2015
8. $612, September 4th 2016
9. $3652, January 11th 2019
10. $7245, December 27th 2019
11. $7505, April 24th 2020
12. $9306, July 12th 2020
13. $19,226, December 2nd 2020
14. $44,612, August 7th 2021
15. $20,834, August 19th 2022

Weekly chart signals

1. $5.28, December 26th 2011
2. $6.35, June 18th 2012
3. $23.80, February 4th 2013
4. $227, January 26th 2015
5. $231, May 25th 2015
6. $3533, January 7th 2019
7. $7385, December 30th 2019
8. $7706, April 2020
9. $9303, July 2020
10. $19,375, December 2020
11. $43,829, August 2021
12. ...

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Sabbir Hossen on August 20, 2022, 09:07:34 AM

On Tradingview there is an indicator named Hash Ribbon. I noticed that when that indicator give a buy signal

Hash Ribbon is good to show you when miner capitulation happens. When a Great Capitulation happens, you will likely be around the bottom. It's certainly that from bottom, price will recover first and begin a new bull run.

I don't think hash ribbon gives you a buy signal because buy and get profit or get loss, it depends on the amount of time you can stay in a market. Even two people buy at the same price, at the same time, their exit time will decide their profit or their loss.

cabron

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https://www.betcoin.ag

Quote from: Sabbir Hossen on August 20, 2022, 09:07:34 AM

On Tradingview there is an indicator named Hash Ribbon. I noticed that when that indicator give a buy signal the price of bitcoin goes up in long time.

When the price of BTC dips 70%, you don't even need an indicator esp if you are up for long term. Anyone who has plans to sell BTC after Halving will have the idea to buy now and hold til that time come because its anticipated that it may just be more than its previous ATH.

But its good to know that's how Hash Ribbon indicator works. dragonvslinux had really provided a great thread for anyone to learn.

jackg

copper member

Activity: 2856

Merit: 3071

https://bit.ly/387FXHi lightning theory

I just saw a thread about historic trends of this earlier that looked interesting: https://bitcointalksearch.org/topic/m.60787658

It had quite a lot of examples of where the ribbon worked in the past to.make predictions (it might be worth noting past performance doesn't guarentee future results of any indicator and trends stay only until they're invalidated).

Sabbir Hossen

jr. member

Activity: 173

Merit: 5

On Tradingview there is an indicator named Hash Ribbon. I noticed that when that indicator give a buy signal the price of bitcoin goes up in long time. It just gave Buy signal 7 time and each time bitcoin pumped a lot. And after 1 year it give buy signal again. Do anyone know about this? Please check it and tell me if anyone know about it.

Topic: Indicator Hash Ribbon on Tradingview (Read 77 times)