Hut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the...
Hut 8 mining with a nice break out last week. I went long after the consolidation and the break to the top side. NYSE:HR tf with a nice push to the top side breaking through ma. Currently i have a short term target of 12. Still be cautious of one btc dip possibility.
Hut 8 Mining bullish long term, bearish medium term
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Hut 8 Mining bullish long term, bearish medium term
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Updating timing from my last analysis on $HUT.
Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls.
As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher.
My...
I've been very bullish on $HUT. Made a good amount of money on the move up and derisked at $17 thinking there would be a pullback. Now we've had a capitulation move down and have now reentered my position w/ both spot and calls (I've averaged in all morning between $12.90-$13.70).
Thinking we're going to see a massive move up over the next 1-3 weeks targeting...
Hut 8 Mining NASDAQ:HUT has completed a merger with US Bitcoin, forming Hut 8 Corp. This strategic move, coupled with the upcoming Bitcoin halving event in April 2024, may boost the stock's performance.
Historical patterns suggest potential demand for mining companies like HUT. The bullish outlook sets support above $11.00-$11.50, targeting an upside of...
observing the left chart we have the daily timeframe and we have 9/10 consecutive days of bullish momentum or 3/4 weeks of bullish momentum as shown on the right.
If momentum continues price target of 22.75, 21.55,18.30 are some key resistances prices id keep an eye for any signs of reversal. the Price action leading more upward momentum is backed with...
Hut 8 has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. There is no resistance in the price chart and further rise is indicated. Investors have steadily paid more to buy the NASDAQ:HUT , which indicates increasing optimism and that the price...
Despite it's this run so far, it is possible we see crypto names continue to move higher as a potential Ethereum and Bitcoin breakout could be on the horizon.
Hut 8, a prominent Canadian Bitcoin mining firm, has announced an interim agreement to establish a new mining site in Cedarvale, Texas. This development emerged in the wake of the Celsius Network bankruptcy proceedings, marking a strategic pivot for both entities involved.
Hut 8 Expands Operations Amidst Crypto Turbulence
The new site in Cedarvale is set to...
NASDAQ:HUT Looks absolutely primed and ready for take off...
1) Break out and retest of the ATH downtrend.
2) Finishing up Phase C LPS accumulation.
3) 2nd highest CRYPTOCAP:BTC holdings out of all the Bitcoin miners.
Key Takeaway
i. Two crypto companies ended November 2023 by successfully merging.
ii. This deal has given rise to the newly minted Hut 8 Corp (HUT).
iii. The crypto mining firm is in an excellent position to ride the current crypto wave to new heights.
Bitcoin Rally
As the current crypto rally continues sending Bitcoin (BTC-USD) upward, two leading companies...
A couple of factors point to upside pressure..
These setups can always fail though.
What I'm looking at is this BTC miner has lagged behind others but has upside pressure factors currently.
US Bitcoin Corporation shareholders approved merger. Final by 11/30 hopefully.
BTC on a run to 40k with potential ETF approval 1/10
Any news of fixing current mining...
