2023-2024
When the Ribbon is narrow, it indicates that there is a small amount of BTC in loss. This is a bullish signal, as it suggests, that the market is not oversold and that there is still room for prices to rise. Further, a bullish signal presents itself when the Ribbon turns from top to bottom, as it signals that the price of the asset in question has bottomed out.
However, a decline means that few sell-offs are being recorded, leaving room for the coin’s price to rally.
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