Does Bitcoin Miner Capitulation mean a Bitcoin Bottom?
#Bitcoin #MinerCapitulation #BitcoinPrice #OnChainData #HashRibbons #bitcoinbottom
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00:00 Introduction
01:00 The Story
01:06 Charles Edwards’ Tweet
01:37 Miners Selling at Fastest Rate in 7 Years
02:05 Hash Ribbon Miner Capitulation Confirmed
02:42 Glassnode Hash Ribbon
03:41 Bitcoin Hash Ribbon
04:07 Miners Squeezed
04:24 State of Art Miner S19 Pro -$5.65/Day w 15.95c/kWh
05:20 State of Art Miner S19 Pro -$3.53/Day w 12.95c/kWh
05:49 State of Art Miner S19 Pro BEP 7.97c/kWh
06:18 Conclusion
06:45 Let’s Get Back to Capriole Hash Ribbons
06:56 BTC vs Capriole Hash Ribbons
07:37 Death Cross Defined
07:54 Does It Work – Stock Market History!
08:24 Death Cross and Stock to Flow
08:44 Conclusions
09:20 50/200 Does Not Work
09:44 Gain Between Miner Capitulation & Buy Signal
12:30 No Correlation Between Duration and Price Change
13:13 Median Price Change
13:15 Average Price Change
13:24 Average Duration from Cap to Buy Signal
13:36 13 Instances, Only Once Did Bitcoin Go Down
14:18 Final Conclusion:
15:20 Perhaps This Time is Different