CleanSpark Inc - NASDAQ:CLSK
This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners).
The CLSK Trade
- Ideal entry would be bounce off 200 DSMA
- Risk/Reward from here is 5.55 which is not bad
- Stop Loss placement at 200 DSMA or POC
Chart...
CIPHER MINING (CIFR) $CIPR
- Inverse Head and Shoulders breakout & retest?
- Above 200 day SMA with turn up
- OBV increasing
- On daily chart we are above the Point of Control which
aligns which closely with purple horizontal
- We could see a retest of this line so I would be DCA'ing from
here in dribbles especially after a big move like this weeks 25%...
Riot Platforms NASDAQ:RIOT
- Above 200 day SMA & sloping upwards
- Ascending parallel price channel .
- Break of OBV resistance levels have been positive
- We have just broken above the Feb 2021 OBV high
New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it.
As we are breaking out of...
NASDAQ:MARA is in a steady uptrend and the price is sitting above the 200 and 50 moving averages. With the ~300% spike in Bitcoin transaction fees due to the BRC20 tokens many of the miners should do really well in May and possibly the next few months. Looking for the price to hit $15 and then head to $20 range where the next area of resistance is.
Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power.
Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day.
MARA mk cap is 5.02Bil vs ANY Market Cap 374Mil.
MARA 10.37...
As I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move.
The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down.
This has happened perfectly in sync since RIOT has actually...
As I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move.
The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down.
This has happened perfectly in sync since RIOT has actually...
