The dominance could to back up in his role. With hashrate that could to down cause Kazakh down internet.
Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power. Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day. MARA Market Cap 5.036Bil vs ANY Market Cap 254Mil MARA 10.37...
OLB is a micro cap miner. Their market cap is <$40m while it *should* be 5-7x this per other miner valuations like MARA, RIOT, BITF, HUT, etc. They have 600 rigs in operation and it will go grow to 1000 by the EOY. SDIG who recently just went public has 3000 miners operating and has a market cap of $500M… OLB is 1/3 the rigs but greater than 1/10th the market cap....
Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power. Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day. MARA mk cap is 4.34Bil vs ANY Market Cap 464Mil. MARA 10.37...
Let's review BTC after all the hype of the current pullback. Discussion It's been amusing reading analysis from so-called experts on Reuters and Yahoo finance. The Youtube videos by 'gurus' are not funny, they are just plain sad! So let's look at some of the arguments from the VSPs (very serious people): 1) the so-called 'crash' was caused by Hash Rate ...
Last Time Hash Ribbon Signal dec.2020 Now, new signal ...
Bitcoin Hash Rate is reaching higher levels. Although it hasn't reached ATH levels, it has almost completely recovered from the China mass-exodus (if there was any at all!). Hash rates and prices are highly correlated, and the hash ribbon has already published a green buy signal. Opposing my own views in my last post, Bitcoin has a high probability of...
Essentially, I just assumed the days of bull and bear rally between each halving will be the same. Counting from halving, 546 days of bull rally. That Nov 8, 21, I personally think its alittle short as bitcoin increase in days of bull rally after each halving. And we are extremely bullish this year. I personally think we will top out at Janunary like the last...
Bitcoin is about to flash a buy signal tomorrow from the hash ribbons indicator. This shows miner capitulation is over and hash rate is on the rise again. This signal does not occur often but when it does there are usually nice rallies. I would expect Bitcoin to make one last push here this year blowing away its all time high then crashing hard near the end of...
Weekly Hash Ribbons buy signal confirmed, price: $43,829 (CB). This would be the 12th buy signal in 9.5 years if not mistaken, after the most aggressive miner capitulation since 2021 with hash rate dropping by more than 50%. . This buy signal is the first in 8 months as well as first of 2021, since the price of $19.375 last year. Recent buy signals : Nov 2020:...
Hash Ribbons tells us to remain patient for the buy signal as capitulation continues MA Ribbon suggests further downside, but price is at Weekly MA support Bullish broadening wedge in the making, not yet confirmed Buyers vs sellers accumulation zone in yellow Based on the January 2020 VPVR model:
Bear Market Confirmed Symmetrical contracting triangle on the weekly, broke out, retraced and initiated bull market, PI Cycle top was April 11th signaling the end of bull market, this occurred during a massive ascending wedge. Currently what I see is a massive head and shoulders on the weekly. Combined with Metcalfe law fair value at around 8k range on the...
Major disruptions in the hashrate falling off the curve. First was a major outage in Chinas Xinjiang blackouts on Apr 17 followed by huge outflows from Binance on the 18th. twitter.com Second massive event to hashrate is still playing out. Large miner operations are exiting China because of the ban. twitter.com I don't think China wants bitcoins power...
ALERT: We just received a compelling BUY signal on the hashrate ribbon indicator which takes into account sell side pressure from Bitcoin miners. Does this indicate a massive rally into 2020?
Hey guys and gals I wanted to give an update to my idea for BTCST/USD (first idea tagged). My first idea was that we had already broken out of the symmetrical triangle we have been in since the 1:10. After seeing how it's behaved it looks to STILL be within this pattern and I have updated the chart accordingly. Elliot wave analysis: We are in wave 2 currently...
This extremely accurate indicator based on the $btc hashrate by Charles Edwards is about to flash the buy signal. This indicator typically flashes once a year and is already back! This marks a really profitable month to come. More info on this indicator + check out the TrendKing bot by Charles, which is the only bot I found that actually stays level during drops!...
Today Bitcoin broke its support trend line after the Bitcoin network hash rate dropped 50% from 218 EH/s to 109 EH/s due to the power outage in Xinjiang China. According to "news.bitcoin.com/bitcoin-hashrate-drops-xinjiang-blackouts-blamed-btc-price-slides/", the founding partner at Primitive Crypto, Dovey Wan said : "Xinjiang and Sichuan combined together have...
Hash rates may be bottoming here. Obviously Craig Wrights court case is something to speculate on, but the case has been pushed out until mid this year ~June unless it is once again pushed out. If evidence doesn't show that Craig is irrefutably Satoshi (Which is most likely the case) obviously that is bearish news. However slight this chance may be, that he is...