The Bitcoin miners ETF WGMI
has a lovely setup
you could be picking up cheap miners
slurping that blood!
For summertime profits... If you have the b@lls (& capital of course)
#CupandHandle
Clear as day
for all to see --- Yet sentiment is in the toilet.
Marvelous!
#CLSK
#WULF
#BITF #BITF.TO
#HIVE...
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...
First one lost it, -1R , second one lost it but only 0.15R loss , what will the third one be ? So far trading this name I am down -1.15R , lets see if maybe this one hopefully takes that loss out to pasture .
Alright back for another go on today's wedge pop ... QQQ held its emas today too .. although very bad breadth 82 new highs and 565 new lows ...
The close of tomorrow will say a lot imo .
Alright , first time getting in this after some ETF research recently , this group seems to be doing really well so far this year .. I attached my notes where I explain the logic on that and why I think WGMI is a good way to play and gain exposure ...
Also I keep seeing repeating theme news recently how Bitcoin is finished , so perhaps this might actually be good...
Looking a potentially playing this Miner ETF vs stocks in same sector
Potentially less volatile than picking a leading bitcoin miner , ( CIFR or RIOT )
Also nicer price structure than some miner stocks I looked into
Stats for review :
WGMI , year to date gain 163% ,
Stage 2
HUT , YearTD 150.99 ,
Stage 1 ,
Short float 7.09% /...
