MARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00...
MSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support
a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the
immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line
that has no slope. Support and resistance horizontal zones are drawn in for reference...
It's been rough for the miners. As BTC is making all time high, miner stocks are not getting any love. This divergence is ultimately result in market picking a direction after the consolidation is over. Right now, RIOT is range bound, sitting at the middle of a channel. I have both bullish and bearish EW count. Whichever is correct, doesn't really matter, as...
NASDAQ:RIOT
-Consolidation is expected as lower highs and higher lowers are printed
-RIOT is filling gaps and vector candles at ~11.5 and ~12.2 respectively
(So buy zone should be around those)
-Pivot point was registered at 11.94
-As long as it doesn't break the low ADR ~11.3 we should be good
-If it breaks low ADR, the new pivot could be ~9.7
-Target 1...
I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me...
Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves.
1. Direct purchase of crypto from crypto exchange like Coinbase
2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR
3. Invest in LEAPS options...
Riot Blockchain ( NASDAQ:RIOT ), a leading Bitcoin mining and data center hosting firm, has reported record-breaking total revenue of $280.7 million for the year 2023. This impressive milestone underscores Riot's resilience and strategic growth initiatives amidst a dynamic cryptocurrency landscape. With a surge in Bitcoin production and a commitment to expanding...
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...
IOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made
a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD
lines are above zero while the RSI lines have settled in deep oversold territory. I see this as
a good entry for a long position with at least 50% upside and much money if...
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...
Which I think it will slice through!
#Bitcoin miners tend to follow big technical patterns really well.
From the top you can see the massive bear flag that lasted pretty much all of 2021
all whist in the bitcoin bull market and non conforming disappointing price action
the secondary bear flag in 2022 that led to a precipitous drop
and now there is a...
NASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA
So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks.
Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk...
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...
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 ...
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...
