looks like a massive triangle correction that has been nothing more than a series of 3 waves up and 3 wave down on the weekly. I wouldn't doubt if we make 3 wave up to test that top TL of the triangle around $8 before dropping into 3 more waves down to bounce off the bottom once more. Then maybe larger HTF breakout into 2023.
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...
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.
- Down 92% - At support - RSI at bottom and MACD turning - Bitcoin in bear bottom area I am DCA in Bitcoin mining stocks here Take care
As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
more pain like last time crazy cpi+fomc in a few days. gl all
HUT close to 90% off the high. As a general rule on IPO booms I expect to see massive booms decline 90% and I love to buy them. I buy them all. It's usually 1:4 or better RR trade and there are not that many companies going to zero. Buying IPOs down 90% tends to do fairly well as a net strategy.
mining stocks do be dead asf, massive short signal?
HUT broke down from the inverse head and shoulders. It even has candle confirmation - spinning doji followed by bearish engulfing. It is fair to say that the IHS is NEGATED. I see 2 bullish scenarios here on $HUT . In this order: 1. Bullish divergence on $HUT. It can bounce righy here on the 4.50 support and see much higher levels: 4.8, 5, 5.5 and even higher...
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
hut at make or break it area! recently saw a double bottom bounce off extreme support and broke local trend resistance! very bullish signs. theres one trend resistance left, will bears be able to hold it back? If they fail to do so my targets are 7.21-8.55-9.89
Earnings watch 3/17 pre-market: HUT DG ACN CMC SIG CSIQ WRBY DBI NYC DXLG Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of...
Looking at Hut8 on the 10D here, im seeing the same type of consolidation as i pointed out on my BTC Leading Diagonal idea. Hidden bullish divergence on the lows and a divergence on the ADX as well. This would be easily invalidated with some new lows but theres potential for a lot of upside here relative to risk and if we see confirmation from BTC, all of the...
If you can take the volatility, this stock will be legendary.
hut pulling back with bitcoin as expected and about to break a important trend support (bearish) after checking previous candles that look similar to this most recent months i noticed some things... after 1st candle we saw a move from 8.4-3.14 (-62.619%) 2nd did 11.3-7.57 (-33%) -- 3rd did 9.15-4.52 (-50.60%) if history repeats this new candle/break of...
Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
With BTC/crypto finding support going into the weekend, crypto miners are set to make a run for the week of 2/7/22 I traded $HUT in the past on it's run to it's high of $16.57. Many bag holders on the route back to that high, so I would expect selling pressure on any movement to the upside. Not expecting a run to $16 in the coming week, but a run to $9.00...
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...