A year ago, we already talked about the strongest indicator for buying Bitcoin cryptocurrency called Hash Ribbons (What is the Bitcoin Hash Ribbons indicator), which with a 90% probability can indicate the beginning of a strong upward trend in the value of the first cryptocurrency Bitcoin. At the time of writing the last article about this indicator in 2023, it just signaled the beginning of the next upward trend and once again it did not fail. Because the value of Bitcoin in a short period of time has increased by about 2 times from 30,000 USD for 1 BTC to 60,000 USD. The only time when Hash Ribbons did not work was back in 2015, i.e. this indicator has been working flawlessly for 9 years. Whether this series of successful predictions will be interrupted this time, as always, remains unclear. Someone may say that with each new positive result according to game theory or probability, the appearance of a negative result only increases, but on the other hand, such a long period of accurate prediction, on the contrary, speaks of a working model. And a negative result is more of a mistake than a rule and the "winning streak" can continue for as long as you like. According to Hash Ribbons, the recent price drop to the zone below 60,000 was a local minimum before the next growth phase and now is perhaps one of those moments when it is worth buying cryptocurrencies. For buying cryptocurrency, it is better for beginners to use only large and proven crypto exchanges: Bybit, OKX, MEXC
P.S. In 2023, when the article about Hash Ribbons was written, I still didn't buy Bitcoin, although I considered this option. True, I bought a few altcoins (TON, DOGE, XRP, Fanton, UNI, DOT, SOL), which have grown quite well since then, especially SOL and TON, but because I was afraid to invest large amounts at that time, now I feel FOMO, when I don't want to miss a good moment to enter once again. But at the same time, this could be a trap from Whales, who can sharply collapse the market after small investors believe in another growth.
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