The Most Lucrative Signal in Bitcoin History Just Flipped Buy

Tony "The Bull" Severino

1 year ago

3 mins read

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Bitcoin is the best performing investment of the last decade, bringing investors who bought the asset early unimaginable returns.

An important metric in Bitcoin has just signaled buy for the tenth time in the asset’s history, with each time the buy signal occurring in the past resulting in an average of 5,000% returns following. Could Bitcoin be ready to bring investors upwards of 5,000% returns in the coming months ahead?

Bitcoin Hash Ribbons Confirm Buy Signal for 10th Time In Crypto History

Investors often look at a number of factors to determine if an asset is a buy, such as conducting detailed fundamental and technical analysis. Some analysts look at price charts, patterns, and more, while others use more unorthodox methods – especially when it comes to Bitcoin.

Because Bitcoin is a unique asset based on a technology being adopted and isn’t a company with shares and revenue models that a value can be derived from, analysts find themselves using tools unique to Bitcoin, and taking into consideration unusual metrics such as mining difficulty or network transactions.

An indicator known as “hash ribbons” is an oscillator based on Bitcoin miners and designed to help analysts understand when this specific subset of sellers is creating additional sell pressure on the market. Not only will the tool tip off traders as to when a capitulation-related selloff is about to occur, as we’ve seen in recent weeks, but the tool can also signal to investors when it’s a good time to buy Bitcoin.

And according to the tool, now might be the best possible time to buy Bitcoin for the foreseeable future. The tool has only given this buy signal just ten times in Bitcoin’s lifecycle, and the following uptrend has resulted in as much as 5,000% on average returns for investors.

Hash Ribbons Buy confirmed.

This is just the 10th time these conditions have been met for #Bitcoin.

It is highly likely we never see $BTC under $6000 ever again.

All other occasions saw an average gain-to-cycle-peak of +5000%.

Now is the period to Buy Bitcoin and never sell. pic.twitter.com/hSH9BtRhsj

— Charles Edwards (@caprioleio) December 28, 2019

An analyst following the tool shared a photo of the Oracle of Omaha and a famous quote of his, reminding investors to always be fearful when others are greedy and to be greedy when others are fearful. The quote suggests that although market sentiment may be in the dumps after an extended downtrend, this often results in the best possible financial opportunity and is a strategy some of the most famous investors in the world have long sworn by.

Sentiment was last this low when Bitcoin price was hovering around $3,000. Right around then, this same signal flipped buy, taking Bitcoin on a parabolic rally and resulting in 350% returns. Now that the signal has flipped again, the next rally if the crypto asset follows past performance, could make the 2019 and even the 2017 rallies look like a tiny blip on price charts in the future.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies.

Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.