This guy has already done a 40X
But thats kinda Gaslighting
as I'm sure very little capital had a chance to catch those FTX lows on this micro cap .
Linear target not much to get excited about, as we are almost there.
But the Log target should raise your eyebrows
provided some additional targets/resting spots along the way if it indeed does full the maximum...
CORZQ just breaking out
Pro
- technicals
-fundamentals Black Rock providing $57 million loan
-out of bankruptcy Jan 24
- ERO for 55million raise for more efficient hardware.
- New CEO with creds and relationships, younger, innovative but proven management skills.
-Laggard due to concerns about financials has resolution. -67% avg behind top 8 Listed BTC...
... the most readable EW pattern.
I love this stock, has never let me down, and hopefully this will stay the same.
Similarly to CLSK what I just posted a few mins ago, I see another corrective leg down before the big move. Expecting at least 1:1 and even that is a crazy move. Let's go!
bitcoin miners unite! all about the crypto i guess, these guys should be massivly profitable when the time comes, and as the market leader in hashrate this comapny has a solid foundation. perhaps some rocky leadership but if they can weather this bnkrupcy storm, should be good to go
bankrupcy cant stop these guys! one of the takeaways from buffets value investing framework is to buy solid companies with solid businessplans. while they have been mismanaged this firm is the hottest btc miner on the market, mining capacity more than its market leaders if they can manage bankrupcy this should rocket
if these guys can effectively navigate bankruptcy, and the charts that i have seen floating around are not wrong, they have a solid shot. massive upside and with a hashrate which rivals mara/riot i dont see why the fundamentals arnt there, could easily be a buyout option for one of the bigger miners as well.
Upside on this thing, corz looking like its in for a decent run ehh, broke above that level so it should run back up to the last lost level, super simple lets see if it plays out.
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved...
I was Posting the other day a chart where I Said this stock was being pushed down for the Bears, Well this huge move to the upside could just be the beginning. 31% move in 1 Day!!!
Started riding 8 MA , trading Above 20 MA and 21EMA Support resistance Band.
Crossing 50MA and re test it.
Chart shows that a little more bears will be wreck in a short term future.
Get...
$CORZ
BTC Miner IPO Caught immediately in a Bear Market
Biggest BTC Miner with an average of $1200 BTC on a monthly bases.
According to investors.com it has 0% Debt
3rd Qtr. or Last earnings positive EPS of +300% and sales change of +118%
2nd Qtr. EPS +72% and Sales +255%
1st Qtr. EPS +675% and Sales +803%
As of September 2022 funds investing on the stock when...
Bears taking advantage of the short interest that is currently at 4.6 days to cover. Nasdaq Website info.
Dropping like crazy over 25% of its value this week. BTC stuck on 19 000 range.
Great Accumulation opportunity for the long term, when BTC flips and bears have to cover, this stock will pop huge to the up side.
Bear Markets make great opportunities like this...
$CORZ looks to be primed for a move up. Stoch RSI is curling up at the bottom of a descending wedge. This looks primed to run up. Over 41 bitcoin mined daily for the past few days. Total assets of 2.704B - total debts of 1.255B = 1.449B / total outstanding shares of 325.405M = target price of $4.45. This is only my opinion and should not be taken as financial...
CORZ has found support along this higher low trendline and finally retested.
Showing divergence on the daily and indicators are oversold.
All depends on BTC but this looks like a great entry for me.
Good Luck
Real nice 1.618 gartley here at the .886 which is confluent with historical support.
The RSI is trying to diverge on the lower time frames here. Confirmation of a low here would be your sign.
News play: Core Scientific, a publicly traded #bitcoin miner, plans to solidify its leading position by reaching a hashrate of 40 EH/s-42 EH/s by the end of this year....
