Hash Ribbons are saying the consolidation in bitcoin is just about over

For the first time in months, the hash ribbons chart is about to confirm a buy signal on bitcoin

Hash Ribbons have been one of the more reliable trading indicators throughout bitcoin's history.

Here's the current cross:

(Source: https://twitter.com/caprioleio/status/1334411769545191424/photo/1)

Since December of last year, there have been a total of 3 hash ribbon buy signals.

All 3 of them have made money for anyone using them.

This would be the 4th such signal in roughly a year.

If you look back at the above chart, the sell signals haven't been great using hash ribbons, but the buy signals have been pretty good.

I expect this time will be no different with bitcoin breaking $20k in the coming days.