Theclues (hash ribbons) indicator analysis

Hash Ribbons is a very famous indicator among players who focus on#BTClarge-cycle trading! A simple understanding is:

The indicator author divides the miner's status into 5 stages:

1. Start to lose money

2. Obvious loss

3. Start to recover

4. Recovery is complete

5. Buy signal

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Usually refer to 4 or 5 when trading, start buying when "recovery is complete", and increase buying when "buy signal" appears!

The current status is 3 "start to recover", weekly chart