The Blue Dot Screams Buy Bitcoin

After five months, the blue dot has flashed again!

The Blue Dot Screams Buy Bitcoin
There is no shortage of pioneers in the bitcoin ecosystem. Charles Edwards, the founder of Capriole Investments, is one such pioneer who propounded the Hash Ribbons indicator for timing entry points in the BTC market. It appeared only twice during the entire course of 2020 and has preceeded massive profit turning bitcoin rallies.

As per the latest update by Edwards, the indicator has shown up yet again after a 5-month hiatus. And is pointing investors to enter another profitable bitcoin buying position.

The blue dot in question occurs every time after the BTC miners are done capitulating their holdings. Hash Ribbons represent the miner capitulation phase and also, in turn, point to a drop in the overall bitcoin mining hash rate.

Master Asked on December 4, 2020 in Bitcoin.
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