Hash ribbons alerts for: capitulation, recovered and buy signals have been added to the discord channel #⏰│indicator-signals
We had a capitulation signal yesterday.
It can remain in recovery for even months until it finally prints a BUY.
Most of the time the BUY is triggered once price has already moved up.
Checkout the performance of hash ribbons in May 2021 in the chart below.
It printed BUY at 44K.
The signal was triggered half way falling and there won’t be an actual BUY signal until we see the green line going back over the gray line.
You can copy the TradingView chart and add alerts. The Hash Ribbons indicator is free to use and open source. Very interesting code to read as it access it the hash rate symbols directly from TradingView using QUANDL.