I know a lot of people were following the NASDAQ:HUT idea, so I thought I'd give an update here. Most people are convinced the miners are heading higher here. I do agree, but I don't think the trade will be as easy as longing this move. With a rejection of this level, it sets up a move down to the lower support level around $5.59-$6.33. Once that level gets...
HUT8 Completed a bullish bat on the 4h at support, it is now showing potential for 3 rising valleys at a zone where its is very easy to manage risk. We are bullish on btc and all the variables are lining up here also.
Updating my past idea with some lower targets. It looks like we're in a large downtrend channel. We've just tested the bottom of the downtrend channel and now have turned up. I think the next big move is to test the top of the channel around the $16-17 target. I don't think we'll break the channel because 3rd tests rarely break. 4th+ tests break the...
Analyzing the options chain and the chart patterns of HUT Hut 8 Corp prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hut 8 Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining sector, has unveiled impressive financial results amidst the ongoing Bitcoin rally. The company's recent report reveals a substantial 32% surge in revenue over the last six months, reaching a commendable $60.6 million by the end of December 2023. This remarkable uptick in revenue is...
BItcoin is still a long but could be getting some resistance in the push over $50 K USD. It pulled back into a dip for the NY morning open and got the volume push. Got more on the options. Crypto stoeck still airborne including CLSK. BITF, BETS, HUT, MSTR and RIOT. Watching my positions closely as BTCUSD could roll over here.
MSTR while Bitcoin and the whole ETF thing has caused crypto momentum had a good 4QTR23 and 8Xed the analyst's earnings estimates two days ago. The momentum is expanding as market volume is accelerating. Late afternoon the zero lag MACD showed some recyling as some early traders took cash off the table. To emphasize however, there is no sign of...
Hut 8 Mining Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining industry, faces the harsh reality of the energy crisis as it announces the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and power disruptions, underscores the challenges confronting miners in today's...
I'll be the first one to admit that I didn't see NASDAQ:HUT going this low. I rode calls and spot from $12-17.80 but then reentered way too early between $13-$9. We did get the capitulation move to the downside today, I'm still holding my position as I still think the move will pan out that I'm expecting. I just got the timing and the reentry targets wrong in...
RIOT is shown on a 15 minute chart over the past 7 trading sessions showing 3 trends up then with intermittent consolidation then a trend dow. The trend down is the most important. Given the strength shown on the indicator demonstrating bullish divvergence I believe that RIOT is now set up for a pullback entry long either shares or options at this...
On the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X. The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of...
over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends higher in weekend price action. Can the price action reverse out of the pullback and retracement with bullish continuation? Relative strength has retreated but held at the 50 level. Consistent with consolidation, the volume fell off for the close of the trading week. I ...
HUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take...
Hut 8 Corp ( NASDAQ:HUT ), a prominent Bitcoin mining company, has announced the appointment of Asher Genoot as its new CEO. Genoot, who previously held key roles within the company and US Bitcoin Corp (USBTC), steps into the CEO position following a recent merger and amid a dynamic landscape in the cryptocurrency mining sector. The Leadership Transition: Former...
Hut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the...
DISCLAIMER My thoughts are outlined within the chart itself, and they are just my thoughts and opinions based on the technical analysis that I see. I am in NO WAY a professional in the trading of any crypto currency, so ffs, DO YOUR OWN RESEARCH! :) :) COINBASE:BTCUSD NASDAQ:COIN NASDAQ:MARA NASDAQ:RIOT NASDAQ:HUT NASDAQ:IBIT AMEX:GBTC ...
Hut 8 Mining bullish long term, bearish medium term I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.