ARGO - Pattern CountCounting this pattern which could be considered a W patter nif we see a rise in price from the place we are now.
Overall price is in a large down channel on the monthly, but we wont pay attention to that for now.
(1) is the shoulders of the W
(2) is the bottoms of the W
(3) is the middle of the W
ARGO
October 8 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to the latest nonfarm payrolls report from the Bureau of Labor Statistics (BLS), U.S. employers added 263,000 jobs in September, above expectations of 250,000. Bitcoin is down 2.64% over the last 24 hours and fell to an intraday low of $19,323.16. The largest cryptocurrency dropped alongside the traditional equity market, because the report from BLS shows the U.S. jobs market remains strong, which suggests the Federal Reserve is unlikely to pivot from its hawkish interest rate hikes. The CME FedWatch Tool now assigns a 79.6% chance for a 75 basis point rate hike in November, up from 56.5% just a week ago.
Today’s Cryptocurrency Headline
Bitcoin Miner Argo Blockchain Raises $27M to Ease Liquidity Pressures
Bitcoin miner Argo Blockchain has raised $27 million by issuing 87 million shares to ease liquidity pressures. The company’s chief executive, Peter Wall, said the combination of rising energy prices and falling bitcoin prices hit Argo’s profitability, leading to a cash crunch. Additionally, the company raised $7 million through the sale of 3,400 Antminer S19s.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
BUY ZONE HIT ON FRSX!I was watching this breakout very close when it happened a clear Effort to rise success where we see smart money bought in to this Autonomous technology company. This is a main competitor of ARGO AI who is the provider of autonomous technology for Volkswagen. My target buy was $1.54 and today with the Nasdaq crash we have come into the buy zone. Buy Zone is $1.54-$.92
TASE:ARGOREAL-ESTATE & CONSTRUCTION - Investment Properties Abroad
INCOME-PRODUCING REAL ESTATE FOR RESIDENTS IN GERMANY.
Ok ARB...hear me out!Look what we have here, an OTC stock that....mines crypto? Must be crazy right? We have seen RIOT and MARA take off, but why does this look...stuck?
Answer: Hidden Gem that is due for that cataclysmic lift off. OTC makes it hard to get in for all the retail traders to gobble up and leverage to all sorts of margin calls. On top of some dilution to pay for operating costs (HODL that BTC).
TA we see it holding the 50 SMA very well and we are seeing a very very low volume area as traders wait for the crypto market catalyst to break all resistance currently being the 20 SMA and the trendline. RSI is flat, neutral, ready for a little action. Getting tight with room down to $2.60 (having cash ready for that potential dip!)
The thing I must mention here is, there are solid underlying fundamentals due to the crypto market. This play is highly dependent on BTC doing well, and guess what, the bull run is still going and the possibility of a supercycle looms (personally super bullish on BTC HINT HINT). What does this have to do with ARBKF? Well this little stock MINES BTC. And lots of it. Highly efficient, renewable energy powered, mining experts. 320 acres acquired in Texas. Superb hash rate. Numbers mined increasing and gigantic profit margins. I didn't come here to shill, but this little stock still has lots of room to run and is a great choice to add some leveraged crypto exposure to a portfolio.
Oh yeah, NASDAQ listing maybe soonish?!?! *Insert evil laughter*
-Pump
*This is the rambling of a mad man in Moes. Not financial advice. I (Pumpkin) hold shares in ARBKF
ARBKF (ARGO BLOCKCHAIN) Crypto Mining
Cryptocurrency mining is the process of verifying transactions and adding new blocks to a blockchain ledger. Each new block of transactions has a complex mathematical hash function associated with it that requires significant computing power to solve. The miner who solves the function first receives a Bitcoin reward for supporting the network and adding a new block to the blockchain. A higher mining hashrate corresponds to increased mining success.Propelling the Future
of Blockchain
We are the only cryptocurrency mining company listed on the London Stock Exchange.
Argo is a publicly-traded blockchain technology company focused on large-scale cryptocurrency mining. Join us to invest in the future of money.
LEARN ABOUT ARGO
Argo is a publicly traded company on the main market of the London Stock Exchange (LSE).
The Power of
Blockchain
Verification & Security
Blockchains operate on decentralized networks of users around the world and transactions are secured by complex, cryptographic code. Each transaction undergoes a verification process. This verification protects users from the risk of fraud at every stage of the transaction, even after a transaction is complete. Once a transaction is added to a blockchain it cannot be reversed.
Transparent Smart Contract Fulfillment
Smart contracts allow any two parties to execute a binding agreement without the need for a third party. Transactions can be made with complete transparency and security, protecting both parties throughout the entire process. Smart contracts possess enormous potential to revolutionize the way we exchange goods, services, and information throughout the global economy.
Ease of Transactions
Blockchains offer secure, fast, and cheap transactions for people around the world. This has broad implications for the way money and goods are exchanged throughout our economy. From eCommerce to p2p transfers and global payments, the blockchain processes transactions without requiring people to have to rely on a financial institution or other third-party organization.
Reduced Barriers in Emerging Markets
Blockchain technology bypasses many of the limitations of our traditional financial system. Privately held institutions are privy to corruption, especially in developing economies. Blockchain provides an avenue for people in emerging markets to gain access to stable currencies, fast and secure transactions, and enter the global market without bureaucratic hurdles.
31MW
Active Mining Power (megawatts)
Argo’s energy-efficient mining facilities are located in North America.
787PH
SHA-256 Hashrate
This capacity ranks in the top-tier of global mining operations, around 0.6% of the world’s Bitcoin mining network hashrate.
280MS
Equihash Rate
Equihash is the algorithm used to mine ZCash, a popular alt-coin. 280ms is approx 5% of total worldwide ZEC hash power.
What We Do > Our Facilities
Argo mines from established jurisdictions at state-of-the-art facilities in North America. Argo has allocated its resources in search of adaptable and highly efficient data centres. The combination of inexpensive hydropower from North America and the best machines on the market has allowed Argo to continue to be profitable, even throughout cryptocurrency downtimes.
Ownership:Leased
Energy Source:Majority Hydroelectric
Power Capacity:35 MW
Coins Mined:Bitcoin, Zcash
Baie ComeauGatineau
R&D plays an important role in the company’s ongoing innovation and mining operations. In early 2018, the Gatineau facility oversaw the creation of Argo’s initial GPU mining systems and continues to support ongoing technical developments.
Baie Comeau is a 40,000 square foot state-of-the-art facility in Northern Quebec
Mirabel
Mirabel is a 20,000 square foot facility with 5MW of capacity. As Argo’s first large-scale facility, it continues to significantly contribute to ongoing mining operations.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
Argo Blockchain plc shares are traded on the London Stock Exchange Main Market.
The Argo Blockchain plc ticker code is ARB.
As of today’s date, the total issued share capital of the Company is 309,040,997 ordinary shares of £0.001 each.
No securities are held as treasury shares. There are no restrictions on the transfer of shares.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
First Investments Holding Ltd Ordinary Shares: 41,100,000 % of Share Capital: 13.99%
Hadron Capital Ordinary Shares: 13,548,000 % of Share Capital: 4.61%
Trium Capital Ordinary Shares: 9,750,000 % of Share Capital: 3.32%
Ironport Blockchain Financial Inc. Ordinary Shares: 9,000,000 % of Share Capital: 3.06%
Peter Wall Ordinary Shares: 570,000 % of Share Capital: 0.19%
Ascending wedge - fundamentals look goodArgo blockchain is a mining operation in the UK specialising in high efficiency mining.
Argo Blockchain 🚀I want to make a disclaimer before beginning my analysis. Argo Blockchain is highly dependent and volatile stock due to it being a mirroring stock on the price of bitcoin. If you are not able to take days or even weeks of uncertain volatility, please stay away from this stock. However, with bitcoin being at such a high and less volatile (percentage wise) asset, Argo gives you an opportunity for giant returns due to it being even now, undervalued in my opinion. This is because of my overall target price for bitcoin, which is around $150,000. Now, from the chart we can see that argo blockchain ran up very well from about 15p to 146p. This was due to the the rise of bitcoin primarily and some strong catalyst around the company. For the past week it has begun its sharp fall (Wave 2). Even though the decrease does look very strong, it is a good indication as wave 2 is often very sharp, especially due to the size of wave 1. I have found a good ending diagonal, with a visible 5-5-5-5-5 correction forming nicely along the trendlines. What I especially like, is that it correlates with my idea on bitcoin (which you can find on my page). Now once this wave 2 eventually ends, something that is unknown to me due to Elliot Wave having no time frames, applying a 1.618 extension of wave 1, gives us a price target of around 250p. A nice 400% increase on my perceived bottom of wave 2. On the other hand, a 2.618 extension, which I believe could possibly be more likely (but will take longer as I think it will require bitcoin to reach around $60,000) would give us a target price of 380p! An almost 700% profit. I am currently in on Argo, with an average price of 36p, so I can hold it for as long as I need, but if you too are interested in the stock, please wait for the right time, as it is very key to not rush into a trade and get the shares at a good price, minimising risk. I will keep you informed with the price action and I hope this was helpful. Please leave a like or comment so I know im doing a good job 😅
ADM long ideaChart of ADM looks great. Price moving higher above the supporting moving averages. Earnings are already in an positive.
Tesla stock price June 24Tesla's stock price plummets by 10% the day after Argo downgrades it from BUY to HOLD.
