Bitcoin (BTC) Difficulty Ribbon Indicator

The Difficulty Ribbon speaks to the impact of miner selling pressure on Bitcoin`s price action, is an indicator that uses simple moving averages (200d, 128d, 90d, 60d, 40d, 25d, 14d) of the Bitcoin mining difficulty to create the ribbon. Historically, periods when the ribbon compresses have been good buying opportunities. Created by Willy Woo.