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.
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...
Everyone hates Hut 8. Its been carried by institutions for the past few months and even I am tired of it. But I think if we wait, the reward is right around the corner. Increased position size 150%. You will get upper 20s this year, if not more.
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...
I wanted to share the BTC companies that I've been holding so I'll start with Hut 8 and get Terawulf, Cleanspark, and Marathon posted next.
I still have mixed feelings about this company, but you should leave the fundamentals out of technical analysis and just trade the price. As we get into the bullrun of 2024/2025, underperformers should top out first. You can...
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...
HUT is a prime candidate for a bounce in the beaten-down crypto mining space with its Bitcoin HODL position + cash exceeding current market cap. Filled 6.77 USD gap yesterday. Heavily shorted following the predatory "research" report. A squeeze may now be in order.
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...
Continuation with my Crypto Miner stock analysis, here are some thoughts on HUT8. I was hoping this stock would react more how I would originally expect, but it did the opposite.
We are in a bit of a weird spot here with this one.
If you take a look at the fixed range volume profile, a questionable sign is that we entirely lost the Value Area Low, as well as...
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...
Will this go to $48 by xmas? Time will tell but based on the arc, it has touched it 4x already and is on its way upwards. Company smells like diarrhea, but maybe it has taken some immodium and plugged the mess.
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...
