I have been watching USDT Dominance and BTC Dominance for noise/risk free entries since 2019,
I have added Miners Revenue to my watchlist.
Definitely something to watch closely.
Buy BTC when value is near to 200 week EMA and sell when you are satisfied or as per USDT dominance.
Here is a chart for Bitcoin mining profitabilaty. Here we can see how bitcoin halvening events clearly play a huge roll in volatilaty before the new bull trend.
Stay strong and keep buying. We are in for a great time ahead
The trend is your friend
Miners' Capitulate into Bitcoin Halving
On a macro level the Empire is currently building the 3rd Super Star Destroyer with Death Star capabilities to jump even further through hyperspace. There are 3 scenarios:
1. blue (most likely)
In a nutshell - undercapitalized miners panic sell because difficulty is too high and mining...
Pay close attention!
Miner Revenue Chart has called every bottom to the T.
They are in control of the supply!
The big boys are here playing games!
You beat them by STACKING SATS! Not trying to out trade them!
Your dreams of 100Xing every bounce and becoming an overnight millionaire are FANTASY!
Hey guys just wanted to share something.
This chart is the Bitcoin mining revenue which is a combination of the number of coins produced, transaction fees and the market price. All of which I think you'll agree are important factors for Bitcoin miners.
As you'll see the price bottoms of bitcoin coincide exactly with mining revenue bottoms. What's even more...
One of the ways in which we can find constructive price patterns is by identifying those in which volume rises on rallies or falls or declines. This shows the proper type of action for a strong stock as volume dries up when the buyers leave the table
This is in addition to my previous chart on miner roi for different Antminer models. The S9 is the only model making a profit now and is the only sha256 miner currently used by Bitmain according to news articles. My previous chart only looked at ROI for retail miners. Here I show estimates for Bitmain (area plots) itself who pay less for their mining equipment...
Chart shows the return on investment of Antminer S-series miners:
S1 (yellow): approx released July 2013, power consumption 2 kW/TH/s
S3 (purple): approx released June 2014, power consumption 0.71 kW/TH/s
S5 (orange): approx released December 2014, power consumption 0.51 kW/TH/s
S7 (green): approx released Aug 2015, power consumption 25 kW/TH/s