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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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Hash ribbon is signaling BUY on the weekly timeframe. a mind bending rally is looming!
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We have a buy signal on the hash ribbon indicator, ladies and gentlemen! 😊 We have a buy signal on the hash ribbon indicator, ladies and gentlemen! 😊 However, we need to see it on the weekly timeframe to fully get excited. The last time this happened on the daily timeframe, BTC was at $25K. But remember, the daily timeframe for this indicator is not highly reliable. Our patience will pay off greatly!
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Just gonna leave this here. You may try to decipher the data for yourself.
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XRP forecast. all you need to know about #Xrp🔥🔥
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