Willy Woo launches new bitcoin trading decision metrics based on mining difficulty

Bitcoin analyst Willy Woo has launched a new bitcoin trading decision metric called Bitcoin Difficuly Ribbon, which can be used as a decision factor for buying bitcoin through Bitcoin mining difficulty data. In this research method, it is necessary to first make a simple moving average of 200 days, 128 days, 90 days, 60 days, 40 days, 25 days, 14 days, and 9 days of the bitcoin network mining difficulty and the bitcoin market price. In the chart, Willy Woo thinks that when these moving averages have a high degree of overlap (what he calls "compressed compress"), or when a rollover of the moving average is generated, it is a good time to pay attention to or even buy bitcoin. Willy Woo covers all the data from 2011 to the present in his own chart, and it can be observed from his chart that the moving average compression will be earlier than the bitcoin price.