Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush. These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to...
company holds what they mine. been dacing for a bit. adding here moving average is holding.
will these calls play out, stay tuned to find out. if btc falls over than this is dead in the water but if btc pushes eoy before halving next year these could print big
First one but after this yall be listenin' close up Chart says we will be at $3.62 mid Q2 23' Then $5 something into Q3 after summer she rip to $11.5 Then she dumps to $7 on announcement of merger with Hut8 (USBDC failed vote), retaining the Terawulf brand $7 to $26 After massive stock buyback program followed by announcment of the industries first...
I'm adding here, I think when Bitcoin turns around which I think is very soon the Bitcoin Miners will outperform everything. Such a great looking bullish falling wedge. Here down to .83-.84 should be amazing buys long-term I think. See chart below for a close-up.
Hut 8 and BTC price chart analysis on the 3Day time frame 2019-Current. This is a SLOW and STEADY wins the race methodology from a longer term trading perspective. It shows that when the 13 SMA crosses the 48 SMA , it is a notable occurrence, possibly indicating a change in trend upcoming. My buy or sell decision occurs when the red 48 SMA turns down (Bear) or up...
ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna) Opportunities? Look...
Cryptocurrency bubble? When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality. It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow. The question...
Hut 8 is one of the older and experienced BTC miners that is run by some wonderful ladies in Canada where it is cold and they are using low cost energy. Texas miners are shutting down to provide electricity back to the grid. European Miners have much higher energy cost and are also unplugging. When so many machines that mine Bitcoin go off the network the ones...
Here's a side by side to drive the point home. I get the feeling that the miner's aren't done selling yet!
Take a look at Hut 8, a Bitcoin mining operation. This takes a lot of the Noise out of the Btc chart and gives a smoother view in my opinion of what the market as a hole is doing. This Co, has and is expanding it's mining operation in Northern Ontario, Canada! With One active mining operation with two more facilities in the works! Don't sleep on this one.
Love the look here, love the fundamentals of Hut Mining which I usually don't care about unless it's a bigger bag. Think Bitcoin bottoms here soon.
Inverse head and shoulders. Moving with current market downside. I think BTC being at these level is a good indicator that we may see 60k sooner than later. Hoping a reversal occurs soon This is not financial advice or advice in any form. Sole purpose is to entertain
Either this stock will die due to over-bloating or will tear the universe like some space-criminal gang. Two random gaps down in the summer downturn below the BBs on the daily. Then they're was one final bottom out and a rebound. HUT basically follows BTC. Do I see a BTC rally soon? It's got indicators for it which I outline in a different post but it's a little...
Really liking the Bitcoin miners here, they have been taking a long time but I also see Bitcoin turning the corner here at 43k, there going to really payoff when they get going.
$HUT is on a correction atm, and bounced one time exactly on the .618 retrace from the last big low to high. If we see a second confirmation low, and then break out of the supply line, we might have a very decent buying opurtunity on this crypto mining stock! Stay tuned
Corrections were warranted across the crypto stocks, but in my opinion we are still just getting started.