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 skyrocketing from this area. Exponential moves are difficult to predict and quantify; but good to stay ready in that scenario. Opening shorts right now are probably extremely risky moves, especially with negative funding rates that we're seeing right now.
Recommendation: Go long (non-leveraged) and forget
Opposing my own views in my last post, Bitcoin has a high probability of skyrocketing from this area. Exponential moves are difficult to predict and quantify; but good to stay ready in that scenario. Opening shorts right now are probably extremely risky moves, especially with negative funding rates that we're seeing right now.
Recommendation: Go long (non-leveraged) and forget
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