Hash ribbon is signaling BUY on the weekly timeframe. a mind | Understanding crypto on Binance Square

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Hash ribbon is signaling BUY on the weekly timeframe. a mind bending rally is looming!

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I haven't sent any daily or intraday forecasts lately because BTC is not trading in my ideal type formations. It's just slowly trending downwards in a bullish divergence. Divergences usually bring about a violent reversal but the problem here is i don't have any signal for a reversal nor continuation to the downside. Our last video showed where it could bottom if we just continue down but that's MACRO! but as we zoom in, i don't have the right signals to see it's projection. So what i'm i doing now? well, I'm accumulating low leverage longs. This is of course risky because we could go down forever but it's just what i'm doing given that on the macro, i believe there's a rally coming. If we do rally into the rate cuts however, I will be taking profits.

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Welcome to September ladies and gentlemen. Arguably the worst month in crypto. We will update on the markets tomorrow as we get the weekly candle close today. We got last September’s forecast right as predicted a more stable month than a crash. We’ll see for this one tomorrow. Subscribe to understanding crypto over on YT.

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Ve Market Forecast I just noticed that Polkadot put in a new low last week. However, this is how i read the chart. What do y'all think of the Bull mmarket setup? There's a chance that it does not go that low but ideally it should. So if it does, i will strike like a viper

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Market is mostly stable now. Nothing is moving. According to some astrologers, tomorrow will be bad 😁 Market is mostly stable now. Nothing is moving. According to some astrologers, tomorrow will be bad 😁 Tired of waiting for bull yet? 😃

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How accurate is the hash ribbon indicator? It boasts a 93% accuracy rate. This indicator has only flashed its BUY signal near the top of a bull market once. Even then, the price still rallied by 58% before the bear market began. Note: We are using this indicator on the weekly timeframe, so there can be significant price volatility, including potential downside movement before the anticipated upside. There were instances when it flashed BUY, and the price rallied by 40% only to drop by 47% in 2011-2012. It also flashed BUY in 2019, and the price rose by 40% only to drop by 63%. However, these instances occurred during accumulation phases before the major bull run. According to my thesis, the only significant error was when it flashed BUY close to the 2021 bull market top, where the price rallied by 58% before the bear market. In essence, one could say it's 100% accurate because price always rallied powerfully after all the volatility so it's more like a guiding compass, a promise if you will, that lets us know there's gonna be a major bull phase after all these ups and downs.

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