We just got a major buy signal on the weekly chart.
The Capriole Investments miner capitulation indicator triggered a buy signal.
The indicator aims to show us points at which BTC miners are in distress and capituating.
The idea is that it's showing when miners are shutting down their rigs causing drops in hash rates. These can often be areas of macro bottoms in Bitcoin price.
The indicator just uses simple moving averages (SMA’s, 30 & 60) to identify when hash rate is in a heavy downtrend.
As you can see this generally comes just before a big run up in price and to my mind this is one of the most bullish indications available in the Bitcoin Market.
The Capriole Investments miner capitulation indicator triggered a buy signal.
The indicator aims to show us points at which BTC miners are in distress and capituating.
The idea is that it's showing when miners are shutting down their rigs causing drops in hash rates. These can often be areas of macro bottoms in Bitcoin price.
The indicator just uses simple moving averages (SMA’s, 30 & 60) to identify when hash rate is in a heavy downtrend.
As you can see this generally comes just before a big run up in price and to my mind this is one of the most bullish indications available in the Bitcoin Market.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。