PayPal extending crypto transfers to more than 60 million Ve | Crypto PM auf Binance Square

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PayPal weitet Kryptotransfers auf mehr als 60 Millionen Venmo-Kunden aus.
#paypal #payments #crypto #crypto2023 #venmo 

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## Hash Ribbons Indicator: A Bullish Signal The **Hash Ribbons** indicator is a powerful tool used in Bitcoin trading. It relies on simple daily moving averages (DMAs) to identify trends in Bitcoin's hash rate. Here's how it works: 1. **Hash Rate Recovery**: The best buy signals occur when the hash rate is recovering from a downtrend. This means that the hash rate, which represents the computational power used to mine Bitcoin, is starting to increase again. When price momentum is also positive, it adds to the bullish case. 2. **Historical Performance**: Historically, buying during hash rate recovery has yielded impressive returns. On average, traders have seen gains of over 5000% up to the cycle peak, with a maximum drawdown of only -15%. In other words, this strategy has been highly rewarding for patient investors. 3. **Capitulation and Recovery**: The Hash Ribbons indicator identifies specific phases: - **Capitulation**: This is the period when the hash rate is in a heavy downtrend. It's marked by the 1-month hash rate crossing under the 2-month hash rate. - **Recovery**: As the hash rate starts to pull out of the downtrend, it enters a recovery phase. The "greener" the recovery gets (up until a blue circle), the stronger the hash rate is increasing. - **Buy Signal**: The blue circle represents the first instance of positive momentum following hash rate recovery. When the 1-month hash rate crosses over the 2-month hash rate, it's historically a rewarding time to buy Bitcoin. ## Why It Matters The Hash Ribbons indicator provides valuable insights for strategic Bitcoin investors. It helps identify optimal entry points during recovery phases, allowing traders to capitalize on potential price appreciation. Remember, the weekly timeframe is even more accurate, but the daily BUY signal is a promising sign. So, stay bullish and keep an eye on the weekly BUY signal—it's likely on the horizon! 🚀 #BuySignal #HashRibbons #bitcoin☀️ #Bitcoin_Coneference_2024

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