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Author: Admin | 2025-04-28
Much time lag versus the Bitcoin Difficulty adjustments.The Hash Ribbons indicator bitcoin uses simple daily moving averages (DMA’s) to identify when hash rate is in a heavy downtrend. It also uses them to identify when hash rate is starting to pull out of downtrends, which can be very useful for the strategic Bitcoin investor.The Hash Ribbon chart indicates that mass miner capitulation has typically ended when the 30-day moving average (30DMA) of Bitcoin hash rate crosses back above the 60-day moving average (60DMA) after having fallen below it.How to Interpret The Hash Ribbons Bitcoin Chart30DMA dropping below 60DMA: hash rate declines and miners capitulating30DMA moving back above 60DMA: highlights miner capitulation ending30DMA moving back above 60DMA AND price increasing : Effectively a hash ribbon buy signal according to this indicator.Fall Further Down The Rabbit HoleThe Hash Ribbon was created by Charles Edwards. For more information read his article on Bitcoin Hash Ribbons.
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