rewrite this title Bitcoin Hash Ribbons Capitulation Triggers Cautionary Outlook
Charles Edwards, founder of Capriole Investments, warns that the Hash Ribbons capitulation signal has flashed, historically indicating distress for Bitcoin miners. Bitcoin’s hash rate had surged by 50% before slowing down, triggering the signal. Edwards emphasizes that it is not a sell or buy signal, but demands risk management. Market analyst Lukasz Wydra supports Edwards’ view, stating that the signal does not significantly harm the market and suggests that after the capitulation subsides, a strong buying signal may emerge. The last time the signal appeared, Bitcoin went on a successful rally.
parofix.com
Charles Edwards, founder of Capriole Investments, warns that the Hash Ribbons capitulation signal has flashed, historically indicating distress for Bitcoin miners. Bitcoin’s hash rate had surged by 50% before slowing down, triggering the signal. Edwards emphasizes that it is not a sell or buy signal, but demands risk management. Market analyst Lukasz Wydra supports Edwards’ view, stating that the signal does not significantly harm the market and suggests that after the capitulation subsides, a strong buying signal may emerge. The last time the signal appeared, Bitcoin went on a successful rally.
parofix.com
