Major Bitcoin Buy Signal
𝐆𝐄𝐓 𝐓𝐇𝐄 𝐁𝐈𝐓𝐂𝐎𝐈𝐍 𝐂𝐎𝐔𝐑𝐒𝐄➜➜➜
https://www.trader.university/courses/38824-the-ultimate-guide-to-bitcoin
Use the discount code YT99 to get the best price.
In this video, I discuss a confluence of Bitcoin buy signals including:
1) Mean reversion back to 200-week moving average is done
2) Mean reversion back to Bitcoin realized price is done
3) Fed tightening cycle is over
4) Bitcoin sentiment remains quite bearish
5) Bitcoin Hash Ribbons indicator just gave a buy signal
When it is uneconomical to mine, Bitcoin miners turn off their machines, causing the hash rate to fall. The hash ribbon chart is one way of measuring Bitcoin miner capitulation and their subsequent coming back online.
As Bitcoin bears flip bullish, this will add even more buying power to the mix.
I expect Bitcoin to perform quite well for the rest of 2022.
Not investment advice! Consult a financial advisor.
Hash Ribbons chart:
https://www.tradingview.com/chart/SZAyfi7i/
The Bear Market Is Over:
https://www.youtube.com/watch?v=AIbnO1lQd5E&ab_channel=TraderUniversity
Bitcoin Headed To $30,000:
https://www.youtube.com/watch?v=Tkhvbg0ZbeI&ab_channel=TraderUniversity
Bitcoin realized price:
https://insights.glassnode.com/the-week-onchain-week-29-2022/
Charles Edwards on hash ribbons buy signal:
https://twitter.com/caprioleio/status/1560914546704908293
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#bitcoin
#crypto
#bearmarket
Disclaimer
Neither Trader University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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