Bitcoin price has made a decent recovery from the lows put in around $28,888 and the yearly open, but still has ways to go to catch up the all-time highs. A buy signal could trigger just days from now, according to the creator of the tool – crypto expert and founder of Capriole Investments Charles Edwards. Not only is this buy signal significant, it has a reputation for being Bitcoin’s most profitable. Expert Says Generational Buy Signal Is In The Cards Over the last few months, Bitcoin experienced one of its largest bull market crashes on record – enough to get the market to question if a bear market had begun. The dramatic collapse was in part driven by an exodus of miners from China and related energy FUD. It caused the Bitcoin hash rate to also plummet, which in turned caused the hash ribbons to cross back over to capitulation. Related Reading | The Idea That The Bitcoin Bottom Is In Is Broadening According to the creator of the tool, Charles Edwards of Capriole Investments, a buy signal should arrive some time this coming week. But what exactly does this mean? There are buy signals galore in technical analysis. This can occur when there’s a TD9 during a downtrend, a decisive close through the middle-Bollinger Band, or at a crossover of the MACD. A Hash Ribbon buy signal is on the cards for next week — Charles Edwards (@caprioleio) August 5, 2021 The Most Profitable Bitcoin Buy Signal Is Back However...
