Cryptominers
BTCUSD on daily chart falling under resistance SHORTBTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart
is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin
and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold
spiked. Dollar value has a role in this as well as it dipped and then recovered. I have followed
the crowd and sold my position for now and will look for a near term bottom when it
develops for re-entry. CLSK is down and other crypto-related stocks may now down trend.
Looking at MSTR, RIOT and BTBT.
CLSK set up for a SHORT in a parallel channelCLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has
topped at the channel's resistance trendline. The RSI has bearish divergence while the
predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade
CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom
of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding
approximately 3.5 as a risk ratio.
$MARA approaching the 5th wave down!$MARA:4H
I would expect the increased potential for NASDAQ:MARA to rise as high as the 0.5 retrace (20.75) or AVWAP (21.98) were CRYPTOCAP:BTC price to rise. I would expect the AVWAP (blue) off the recent high to be in confluence with the 0.5 retrace by that point and provide a solid line of resistance. Failure to consolidate above the 0.5 retrace/AVWAP levels could portend the beginning of the 5th and final wave down to the 10-12 price range.
It should be noted that price has done enough to complete the 4th wave upward retrace and could remain range bound (16-19) at current levels for a couple weeks. However, given the recent level of volatility associated with this issue, I see this as the less likely scenario.
In summation, whether it be from a little higher price point or from current levels, my current thesis is that NASDAQ:MARA follows the price of CRYPTOCAP:BTC downward leading up to the halving and its accompanying, short term, ‘supply shock’. I would expect NASDAQ:MARA to find its bottom somewhere between 10-12 before the end of April 2024.
Crypto Gold Rush: Unveiling BlockQuarry's Explosive PotentialAlright, folks, we're diving into the BlockQuarry (BLQC) charts, and it's turning into quite the thriller. Picture this: every time our modified Golden Ratio indicator winked with a Golden Cross, it's been like setting off fireworks.
First stop, December 2020 – a rocket launch. In 72 days, we witnessed a jaw-dropping 2329% gain. Then, cue July 2021, and déjà vu hit with a 779% gain in 77 days. Fast forward to January 2023, another Golden Cross, another quick 129% gain in just 21 days. Now, here we stand, on the brink of Golden Cross number four.
But here's the kicker – every time this happened, we saw the price bust out from a bullish flag. It's like the market whispering, "Hold onto your hats, we're gearing up for something big."
And here's the plot twist – zooming out, we've got this falling wedge pattern. It's like a coiled spring ready to explode. The price is teasing us, right under the resistance from the upper line of the wedge, signaling a potential breakout any moment.
Now, let's throw Bitcoin into the mix. The whole crypto scene is heating up, and these miners, like BlockQuarry, could be the wild cards in this high-stakes game. Bitcoin's rise could be the wind beneath their wings, turning this into a high-risk, high-reward play.
And if that's not exciting enough, over the last two weeks, more folks are jumping in to buy, and there's a distinct lack of sellers. It's like the crowd is getting fired up, sensing the potential for big moves.
But, and it's a big but, let's not forget this is high-risk territory. It's the kind of play where fortunes can be made or lost. Keeping a keen eye on volume, anticipating that breakout from the falling wedge, and staying tuned to any Bitcoin tremors or company updates is the name of the game.
It's a bit like being in the front row of a rock concert, and BlockQuarry is the headliner. Fasten your seatbelts, because this could be one wild ride in the high-risk, high-reward world of crypto mining stocks. Happy trading, adrenaline junkies!
$CLSK Bullish Gartley with Hidden Bullish Divergence LONG $btcNASDAQ:CLSK Bullish Gartley with Hidden Bullish Divergence LONG.
Blackrock, Vanguard, Fidelity and etc. accumulated last December-February. Miners have been stalled out after pulling back. Line in the Sand here to see if this Bullish Gartley is signaling accumulation before retesting the highs. #btc #clsk
What if to MARA Never Comes MARA - Marathon Digital Holdings
We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last.
THIS TRADE:
18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance).
Bullish Developments on the chart:
- Price above the POC means strong underside support
Point of Control (POC) is the price level at which
the greatest number of contracts have been traded
within a volume profile.
- Above 200 day SMA means further strong underside support along side POC line. The 200 day
SMA has not turned upwards yet and I would be much happier is this would materialize.
- We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort.
FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow.
Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size.
Some Fundamentals to help MARA stick in the mind
- 2nd largest public bitcoin miner
- MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point
- Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln
- MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures.
Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter
PUKA
[Watch] MARA versus Bitcoin 5️⃣6️⃣| Year to date 137,43%Year to date ⤴️137,43%
What's going on, Team NASDAQ:MARA
I am back baby...!
It seems everyone is giving up; why?
This time our time horizon is 18 months, and I have 2 key profit-taking levels I want you to draw on your charts.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job, and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
BTBT a crypto miner surging as cryptocurrencies move upBTBT as shown on the 30-minute chart has moved about 20% in the past five trading days as
cryptocurrencies get active. More or less, BTBT formed a bull flag pattern and broke out from
it is in bullish continuation to form another bull flag. Presently the consolidation of the
flag is on the chart but BTBT could break out again. Following BTCUSD, or ETHUSD or even
the index CRYPTO10 will likely give an indication of further BTBT price action. The Market Bias
may change from gray ( for pullback) back to green to signal the onset of the continuation.
The HA candle-based RSI oscillator in the onset of the continuation would show the RSI staying
above the 50 lines and the candles go red to green. For me, this will be an entry when
observed on the 5-15 minute time frame. I consider this to be a safe trade relative to the
profit expectation.
[Watch] MARA versus Bitcoin 4️⃣9️⃣| The Rainbow AnalysisWhat's going on, Team NASDAQ:MARA ?
When we have red days, I would like to record the most because it allows me to have more and more conviction.
I went over multiple levels and talked about 30WMA (Stan Weinstein) and The Rainbow, which has no monthly sell activate, which is good for our longs.
This is my Demand Zone 7,98$ to 7,66$ per share. Those levels are the Open Price and Low Price on the weekly candle dated April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
[Watch] MARA versus Bitcoin 3️⃣6️⃣| Paul Tudor JonesGood morning Team NASDAQ:MARA
I want you to read this:
Tony Robbins: So my next question is, how do you determine the trend?
Paul Tudor Jones: My metric for everything I look at is the 200-day moving average of closing prices. I’ve seen too many things go to zero, stocks and commodities. The whole trick in investing is: “How do I keep from losing everything?” If you use the 200-day moving average rule, then you get out. You play defense, and you get out.
Remember to smile and enjoy your day.
Still, don't forget it can always revisit the massive demand value area at 5.30$/5.05$
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have NASDAQ:MARA many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need t NASDAQ:MARA o invest 20,000 dollars immediately. NASDAQ:MARA NASDAQ:MARA
[Watch] MARA versus Bitcoin 3️⃣5️⃣| Bear Markets and AddictionsHappy Saturday Team NASDAQ:MARA
Today I want to talk about addictions and how you break them.
Yes, when you hit Rock Bottom
And guess what is about to hit rock bottom? My perspective is this bear market is about to hit Rock Bottom.
Remember to smile and enjoy your day.
Still, don't forget it can always revisit the massive demand value area at 5.30$/5.05$
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have NASDAQ:MARA many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need t NASDAQ:MARA o invest 20,000 dollars immediately. NASDAQ:MARA NASDAQ:MARA
[Watch] MARA versus Bitcoin 3️⃣2️⃣| The Darkpools Today's video, Team NASDAQ:MARA , is about the magic behind darkpools.
I review those entries that no one talks about but can better guide our trading and investing during 2023.
Anything we can find, Any piece of data that will boost our opportunity to make money in the markets, is welcome.
Please remember darkpools are levels, not immediate buy-and-sell ideas.
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need t NASDAQ:MARA o invest 20,000 dollars immediately. NASDAQ:MARA NASDAQ:MARA
[Watch] MARA versus Bitcoin 3️⃣0️⃣| Daily, Weekly, Monthly ViewsMarch is gone NASDAQ:MARA
what do I expect in April?
Yes, I expect 15$ per share.
It is crucial to remember that inflation is collapsing in Europe; what does that mean, J.R.?
Let me explain and share the landscape with you.
The FED (Federal Reserve) needs inflation to be regulated, meaning it comes down, but it has not done that yet.
Today, PCE is a reading followed by the FED
It has to read 5.1% or lower; if that happens, we fly because the FED with Jerome Powell can have evidence to pause, no need to pivot.
All we need is for the Fed to Pause and adjust to the current economical environment.
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need t NASDAQ:MARA o invest 20,000 dollars immediately.
[Watch] MARA versus Bitcoin 1️⃣9️⃣| Silvergate versus MARAIt's Friday, and your body knows it.
Hey Team NASDAQ:MARA
It is happening, and as you now know NYSE:SI and NASDAQ:SIVB are not having a laugh anymore, still remember those guys walk in a different path.
If you study Silvergate, prices are half of Marathon Digital Holdings at this moment.
Not rocket science; we can quickly retest 3.50$ per share, which is part of the purge (flush) process where big money is looking to kick you out of the position.
Never forget how the pandemic, as reported by Business Insider, saw Gen Z and Women losing trillions in income; where is that money?
It is a simple wealth transfer to those who had and have digital assets; yes, I am talking about stocks.
One position I want to have and let you know about is this one; MARA.
No need to risk all in Bitcoin if you do. That's because you believe in it, and your finances are solid to make such a move.
CME:BTC1! following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar, which, like it or not, is bullish for stocks.
Trade smart and Trade to Win...!
All Together; Por la Victoria
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣Yes, I can and will have a position in MARA at any time because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to invest 20,000 dollars immediately.
[Watch] MARA versus Bitcoin 1️⃣8️⃣| Introducing 'darkpool' data In this new video, I talk about darkpools and how we can use them in investing and trading NASDAQ:MARA, my favorite crypto mining.
Let's remember how 5.90$ to 5.40$ per share is the critical liquidity level in this position.
Also, I will share darkpools levels.
I draw them on my charts to have guidance as far as how the capital rotates in the stock. Please, do not think of darkpools as set-in-stone entries to buy or sell, not at all. It is pure guidance for us to have a constructive idea of how money flows in and out of the stock.
CME:BTC1! following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar, which, like it or not, is bullish for stocks.
Trade smart and Trade to Win...!
Talk to you tomorrow,
J.R. Jaén
Risk Disclaimer
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
[Watch] MARA versus Bitcoin 1️⃣6️⃣| Flush starts; be strong! NASDAQ:MARA earnings were paused, and I am waiting for the new day.
The flush starts, and you must be strong to protect your position.
If you do not have any shares, you may want to do your due diligence and start a new position.
Remember to avoid margins or loans on your shares.
The next liquidity level to keep an eye on is 5.50$ per share.
And do not be surprised if we go back to 3.00$ per share this is what the institutions do.
CME:BTC1! following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar, which, like it or not, is bullish for stocks.
Trade smart and Trade to Win!
Talk to you tomorrow,
J.R. Jaén
Risk Disclaimer
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
[Watch] MARA versus Bitcoin 1️⃣5️⃣| MARA's earnings vs CoinbaseNASDAQ:MARA earnings are today.
This can go 50/50. Still, I expect a breakout and retest.
The bearish trendline comes from October 2022.
After that, it can move sideways before any meaningful breakout.
COINBASE:BTCUSD seems ready to end on a positive note for February and that's bueno.
CME:BTC1! following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar, which, like it or not, is bullish for stocks.
Trade smart and Trade to Win!
Talk to you tomorrow,
J.R. Jaén
Risk Disclaimer
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
[Watch] MARA versus Bitcoin 1️⃣1️⃣| Let's brace for impact First, I apologize to everyone. I did not record my EOW video, so I am committing to record closing videos for the entire week.
Let's do this!
I am reviewing the monthly chart and giving you levels to consider; nothing has changed, but all you will hear is about the recession, how bad PCE was, and why the FED has to hike rates. Still, rest assured that things will break at and above 5% interest rates, and the FED will need to reverse course pretty fast.
COINBASE:BTCUSD following Hawkeye Traders Heatmap signals the opportunity to see Bitcoin trading back close and above the 32,000 figure against the US dollar, which, like it or not, is bullish for stocks.
Trade smart and Trade to Win!
Talk to you tomorrow,
J.R. Jaén
Risk Disclaimer
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.