Definition. Difficulty Ribbon is an indicator built from seven simple moving averages (200d, 128d, 90d, 60d, 40d, 25d, 14d) of Bitcoin mining difficulty, stacked as a ribbon.

Interpretation. Historically, periods when the ribbon compresses have been considered favourable buying opportunities.

Notes. Created by Willy Woo. For more information, see the introductory article.