Staying with bearish count until price can break above $18.36. Since BTC is pumping, would expect some more gains for RIOT next week, but don't expect much at the moment. The earnings were good and company is doing a lot of right things to become the leading name in mining. There is an inverse head and shoulders patter forming. I have taken a small position at...
Taking a strategic look at my crypto portfolio today, and HIVE keeps catching my eye. This established miner offers some compelling reasons for a long-term position. Let's dive in: Proven Track Record: HIVE has been around longer than many competitors, navigating the ups and downs of the crypto market. This experience translates to reliable operations and...
Analyzing the options chain and the chart patterns of RIOT Platforms prior to the earnings report this week, I would consider purchasing the 15usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $2.98. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
The aftermath of Bitcoin's recent halving event has ushered in a new era of uncertainty and opportunity for miners, as they grapple with escalating mining costs and shifting market dynamics. With the hash power required to produce one Bitcoin ( CRYPTOCAP:BTC ) per day surpassing unprecedented levels, miners face a daunting reality characterized by shrinking profit...
Below 0.20 is a danger zone, so I wll be having stop loss at $0.19 and keep buying at $0.20-$0.25. And looking to sell half at $0.45. Long-term, we are looking at a $0.88 sell level.
If BTC uptrend in tact. RIOT has bullish post-june fundamentals. If Rate cut thesis in tact etc.
It's been a difficult time being a Mara/BTC miner holder the past few weeks, as BTC has hit ATH's and the miners have counterintuitively been crashing and burning.. No one was expecting the BTC ETF to have the demand that it did, there just isn't enough BTC out there, post halving this will get even tighter. Historically, once previous cycle ATH's have been...
** Are Proof-of-Work Crypto Miners in Danger of Government Crackdown ?** Proof-of-work (PoW) is the consensus mechanism that secures the Bitcoin network and some other cryptocurrencies. It involves miners using powerful computers to solve complex mathematical problems and earn new coins as a reward. However, this process also consumes a lot of energy and...
RIOT has made a V recovery once again, making the bear case almost obsolete. The primary and secondary trendline resistance has been successfully broken and right on the third trendline resistance at the moment. Let's look at bull and bear case and see when to enter the rocket to the moon. Bull case: If this is the beginnings of intermediate wave 3, then the...
As Bitcoin ( CRYPTOCAP:BTC ) breaches the $45,000 mark once again, signaling a bullish resurgence, underlying market dynamics suggest a significant shift in sentiment and resilience within the crypto ecosystem. Amidst fluctuating prices and heightened volatility, a closer examination reveals a compelling narrative of miner confidence and evolving investor...
The bounce upward this week is looking choppy and corrective, keeping the bearish count alive. If this path continues next week, we should see heavy resistance between $12 and $13. The leg down afterwards should be the last leg on this downside, and we should see the entire crypto market come alive with intense impulsive drive when that is done. Right now, if we...
A base has been building for 5-6 years while some diagonal lines are starting to squeeze this base. If we see 50 cents again -- then expect much higher prices shortly thereafter.
RIOT price action has been interesting. The choppy action in the month of October has kept me out of a trade but, the November pump has made things a bit awkward. From EW perspective, I have 2 possible counts that are high probability. I have changed some degree of labeling from my last post, but overall, it's the same idea. Option 1: Bearish idea that we are...
Bitcoin has moved a bunch whilst these stocks lagged. A big divergence in price appreciation. NDX is bottoming out. So is the S&P.. as long as bitcoin holds price up here these stocks could easily run 150% - my prediction is 25$ before a pull back to 15
Am expecting HIVE to continue consolidating within a reversal Head & Shoulders pattern. Applying the trendlines to the fib line retracement and extension mappings, building out the various channels and then overlaying the relevant pattern(s), it appears the bottom of the right shoulder is approx. $2.80 and the future target is approx. $28. DYOR NFA ... if $2.80...
Gold made a brief New All time high before getting smashed down. This is the largest Daily Bearish engulfing candle gold has ever had.
Similar to my thoughts on NASDAQ:RIOT , I also think NASDAQ:MARA likely has another leg down before starting the uptrend higher. I think most likely scenario is price tests the $10.43 level once more, rejects, and falls to retest the lows. After retesting the lows in the gray box, then we start the real rally higher. If this idea does play out, my current...
Bitcoin has moved a bunch whilst these stocks lagged. A big divergence in price appreciation. NDX is bottoming out. So is the S&P.. as long as bitcoin holds price up here these stocks could easily run 150% - my prediction is 27$ before a pull back to 14.50