HRC - Hash Rate Capitulation [Da_Prof]

1 thg 7, 2024

The HRC (Hash Rate Capitulation) indicator is a measure of hash rate trend strength. It is the fractional difference between a long and a short simple moving average (SMA) of the bitcoin hash rate. Historically, the 21-day and 105-day SMA work well for this indicator. The hash rate generally increases over time, but when the short SMA crosses below the longer-term SMA, it shows that miners are removing significant hash from the system. This state can be considered a miner "capitulation". Historically, this has marked depressed BTC prices and has led to higher prices within some months. Shout out to foosmoo, the hash rate oscillator indicator prompted this presentation.

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Updated the data source since the one was causing issues in displaying the data. I also changed the trigger and default "short" moving average to match the Bitcoin Bottom Indicator (BBI). This can be changed through the settings.