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NCTY & other crypto stocks to make sure y have in your portfolioWe are going to compare some crypto stocks that are leading the charts at the moment and focus mostly on NCTY. Fundamentals : So we are looking at one of my favs ! the 9 is a crypto stock that is kicking ass since last Friday's drop and the union bought a massive amount of its dip. The 9 is now 900% up YTD ! that is massive. The surge of the stock is contributed to the company announcing they will start mining crypto's in Jan 2021 and since has announced the purchase of more mining equipment to mine BTC and FIL among others. The 9 was also associated with EV plays late last year and its main income was video games, although it is not going so great for them at that sector currently. They hired Cai Zhifang in February for their crypto subsidiary NBTC, as the new acting CEO. Cai has been a crypto pioneer since 2013 and co-founded YiBit , one of the first blockchain platforms in china, and get this: in 2015 Cai’s mining rate accounted for over 4% of the global hash rate of BTC worldwide ! with over 300k miners under AvalonMiners. So what is expected of this stock? Well personally I would say that just like MARA im playing ping pong with these stocks – I sell them every time they break a new higher high of 5% and buy them at every dip of over 10% - 15% I can get – and thanks to BTC volatility that is going well and giving me a lot of entries and exits 😊 Let's talk technicals : • From 02 till 12 of Feb stock was going in a nice steady uptrend • From the 13th till the 19th it moved parabolically and made an 83% move in just 5 trading sessions – ATH of 89.2$ ( this is usually where I start dumping the stock in 20% chunks every time) • From 23 till 26 the stock has been falling and gave me great cheap entries along the way and bottomed down to 32.9$ (notice the difference from highest high of 89$ - free money !), the level of 32 is now our strongest bottom support and can relay on that area for dip-buying • From 26 of February till 09 of March stock is channeling 32$ to 51$ - nice channel move to buy and sell steady • After march 9th it broke 51 and touched 64$ and now trading at that area as its current support Important points : 1. Below 32 stock is going into the dead zone and we will buy dips only up to that number, below that we will just wait for it to resurface. 2. RSI nose down – correction is due (I think a small one not too big) 3. ADX below 40 – not trending- we must see when it crosses 40 that means the action is coming. 4. The POC (volume point of control) is 42$ - which means stock needs to revisit that area and we will buy more there. 5. Price is sitting exactly on the 50% line from the parabolic motive wave it did in February – the wonders of FIB retracements are amazing – that means we know where the stock needs to be when hype is not high. Volume analysis : • 3 months avg volume is 4.8M • 1M volume avg is 5.2M • This week its about 1.3M (estimate) ** we want to keep an eye if the volume goes above 3M that can mean the big movement is coming. What to expect : I want to see the stock going back to the 42$ area where we can buy more and then converge sideways for a couple of days and then take off above 51$ (green arrow on chart). If BTC will give us another dive like last week we can expect to get the stock at a massive discount. Short interest : 11.5% short of float Increase of 4% Shares float is 5,900,000 Current shares short 679,700 Nothing special – looks good to me Insider buys : Nothing to report – no insider buys found. Compare to the key players in crypto stocks : Lets compare MARA , NCTY, STPK, SOS,EBON,BTBT, CAN, RIOT 1. RIOT leading with a 1752% rise 2. MARA 1744% 3. CAN 1380% 4. NCTY 641% 5. BTBT 326% 6. SOS 257% 7. STPK 221% 8. EBON -13% Crazy percentages all around! The union will keep buying deeps on these leading stocks and use the best of the BTC era that we are experiencing. Trade safe! Be safe!
NASDAQ:NCTYLong
by FDGT_academy
2
CCNC-you dont know the next stock to ROCK the crypto worldso this is "Code Chain New Continent" FUNDAMENTAL: they are quietly building a crypto empire and staying under the reader - a couple of interesting facts: 1. In early February 2021, the company have an announcement for a new co-CEO -David Feng : "David Feng holds years of experience as a senior computer network security engineer. As the strategic expert and architect in Blockchain, he has applied for several patents on Blockchain core technology, artificial intelligence, and big data" this is on the tip of the iceberg to what Mr. Fang has done on the blockchain. 2. 23rd Feb, news for CCNC purchase 10,000 Bitcoin mining machines to start their mining business. The company is expecting over 30k $ per day from these miners and has already put them to work. 3.On march 2nd Company published a ‘Letter of intent’ (LOI) to XiaoJin LangLang, in the intention of acquiring 61% of their business!!! if they act on this LOI (any day this week!!) that will be a big jump on the stock. “Under the terms of the LOI, the total consideration for 61% of Xiaojin Langlang's equity interest is expected to be RMB 36 million (approximately USD 5.6 million), subject to completion of a third-party valuation. Of this amount, 50% shall be paid in cash, and 50% shall be paid in the Company's shares of common stock. Code Chain is required to pay $500,000 within 7 business days from the signing date of the LOI, which will be applied to the final purchase price upon entry in to the material definitive purchase agreement. “ (taken from the SEC official LOI) CEO is also a doctor in blockchain and innovative technology - full DD in our site contains full details. Lets talk technicals : So we got a motive wave from 8th of Feb to 17th of Feb with a high of 11.6$, and a volume measure of 14M. After that we had a retracing wave to the 6.6$ line -what happened next in my opinion had nothing to do with the stock but with the stock market and Crypto market – the drop of 12% of the NASDAQ in a week took the stock in to new lows from 6$ to 4.2$. Stock needs to go back to the 50% level at 6.6$ (if the market is done with sharp bearish moves). If we are considering the Eliot wave theory then the stock is ready for its third stage of the impulse (the strongest one! ) to take us back to 10$+. • Stochastic oversold (8) • ADX on the 20 level (no trend) • Ending volume is expected to arrive acc to market cycle theory • Gap between 4.80 to 5.20 is filled ***If we see stock crosses 3.9$ downward we can enter a low of 2.8$ (at worst case) ***If we see stock trending up we expect it to go back to the POC (50% line is the same line at this case) 6.6$ Volume analysis : 3m average volume: 895K 1m average volume: 1.3M This week volume: 3.9M Once the 500k will be transferred (if LOI is executed the stock is expected to give us an upside of 25% - 30%. And a year from now accounting a 30k min mining gross profit the stock is expected to be well beyond 15$. We will be waiting to buy the stock and once the market gives us a definite answer regarding the bearish trend that started this month. please read full DD for the full picture please trade safe !
CLong
by FDGT_academy
1
SOS-did you buy too high -what to do next ? SOS So let's talk technicals : The stock shot up 263% (red trend line) in 6 days. It did it in 2 waves of impulse. The stock got massively dumped on the 17th of Feb – this is a big drop in a 2-hour time frame with over 50% retraced. Not a good behavior of an asset with a catalyst on it as it looks like a pump and dump which is not the case but traders took it as a flip! Correction on the drop of 50% up from 10.5$ to 13$ -then stock lost traction several dojis in a row. Guess what comes after several dojis in a row – a drop😊 that’s usually the case if you have an igniting bar followed by Dojis. The stock touched below 10 – notice 10.5 is a KEY number on this trade! Volume of entry is bigger than the volume of exit meaning the cycle is completed and now we wait to see where the second cycle takes us (opening volume vs closing volume) RSI showing more room on the downside on 1H meaning on a 4H we are on the mid of the RSI level What's the play? Simple : If the stock crosses 10.5 below and hits 9 this could be a convergence level where the stock will slowly travel downwards…. We must watch out for 10.5 level and 9 levels! on the Other hand, if the stock bounces off the 10.5 to the 11.5 line and CROSSES it – we are good to go to the previous high at 16$ and potentially get a new higher high. Notice accumulation is needed above 11.5 so we may get a side trend on that level before we go to the 16$ Volume Analysis : 3-month average: 23.5M 1-month average volume: 48M Volume that drove the first wave up 70M Volume that drove the price down 60M (good means we still have a lot of traders in on this one) Current volume: appx 10M -keep an eye if crosses 30M we may get another wave up FDGT will wait to see whats the stocks next move and if we get 11.5$ + we may jump in Please do your own DD on the stock and trade safe! We expect a correction on BTC soon that may correlate with the stock Trade safe and be safe FDGT the traders union
NYSE:SOS
by FDGT_academy
2
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%
OTC:ARBKFLong
by MavRich_Trading
1
$LGHL to set up US$800 million blockchain fundLion Signs Strategic Cooperation Agreement Today announced it entered into a binding strategic cooperation framework agreement with Mr. Yao Yongjie, a leader in the global blockchain industry and the chairman of the board of directors of a public listed company on the Hong Kong Stock Exchange, Grandshores Technology Group Limited. According to the agreement, the Company and Mr. Yao will each use their respective capital, platform and resources to jointly set up a fund of not more than US$800 million to jointly promote the development and the industry environment of blockchain technology, and actively promote the product innovation in the digital currency field, allowing clients to participate in the digital currency market more conveniently. The fund will invest, without limitation, in mine construction, mining and its upstream and downstream industries of digital currencies such as Bitcoin and Ethereum. finance.yahoo.com
NASDAQ:LGHL
by AlenCiken
Bakkt Expected to Go Public via Reverse-Merger with VPCBakkt Expected to Go Public via Reverse-Merger with VPC Impact Acquisition Holdings In a move which is expected to be announced in the coming days/weeks, digital asset service provider ‘Bakkt’ is said to be finalizing a merger with VPC Impact Acquisition Holdings (VPC). The move, first reported by Bloomberg, is believed to be in its final stages. If completed it would be what is known as a ‘reverse merger’. For a company such as Bakkt, which has already raised hundreds of millions from existing investors, why is such a merger necessary? Simply put – it is often a cheaper and quicker way for a company to go public, as opposed to hosting its own IPO. These benefits are the sole reason VPC Impact Acquisition Holdings hosted its own IPO months ago. The company was created with the purpose and intent to go public, and subsequently be acquired by a promising company, such as Bakkt. At the time of its IPO, the company stated, Bloomberg notes in its report that insiders with knowledge on the matter believe that post-merger, the companies will see a valuation of roughly $2 billion USD. Dating back to mid-2018, Bakkt, was one of the most anticipated platforms geared to enter blockchain industry. While the company has come a long way since – becoming a popular service provider for BTC futures – it has experienced various hiccups along the way. Not only have multiple of the platforms expected services been delayed, but it has lost multiple CEO’s since its founding. Hopefully, between the increasing popularity of the digital asset industry itself, increasing volumes of its custodial and futures services, and upcoming loyalty spending program, these struggles are a thing of the past for Bakkt.
V
by AlenCiken
Bitcoin Sets Its Sights beyond $40,000, Boosting XNET stockBitcoin Sets Its Sights beyond $40,000, Boosting XNET stock higher As has often been the case for much of the past couple of months, when bitcoin rises, a handful of stocks also perform well, including XNET stock. On Wednesday evening, the combined capitalization of the entire cryptocurrency market surpassed $1 trillion for the first time, according to CoinDesk. Cryptocurrency stocks continue to see outsize trading volume, leading to high volatility, as bitcoin and other alt-coins keep pushing to new highs. Investors should keep in mind that many cryptocurrency stocks are penny stocks and incredibly easy for traders to manipulate. Xunlei is surging by a ludicrous amount today and there's no fundamental reason to explain the move. But the stock's trading volume is almost 44 million, according to Yahoo! Finance, rivaling that of some of the largest publicly traded companies. Xunlei's move today is reminiscent of the surge Bit Digital had during the past week. The stock more than doubled in just a couple of days but is losing steam now that the pump is over. Herein lies the problem with stocks surging on trading volume that's out of sync with business fundamentals: There's no way to tell when the music is going to end. That's true of Xunlei and Bit Digital stocks, but also others like Marathon, Riot Blockchain, and Canaan. These three now have market caps over $1 billion each, trading with price-to-sales ratios in the hundreds.
NASDAQ:XNETLong
by AlenCiken
FTFT Applied Blockchain Technology Related Software CopyrightsFuture FinTech Applied Blockchain Technology Related Software Copyrights with China Copyright Protection Center FTFT , a leading blockchain based e-commerce company and a financial technology service provider, announced today that on December 31, 2020, China Copyright Protection Center ("CCPC") has accepted the Company's application for ten software copyrights relating to blockchain technology applications, which the Company first submitted for CCPC's review in June 2020. The Company has been developing and improving an anti-counterfeiting and tracing system by using the blockchain technology for its blockchain based e-commerce platform Chain Cloud Mall (CCM). With the research, development and improvement of software used in the anti-counterfeiting and tracing system with the blockchain technology, the Company has developed ten software with blockchain technology that is apply for copyrights. finance.yahoo.com
NASDAQ:FTFT
by AlenCiken
3
The9 to Start the Cryptocurrencies BusinessThe9 Signed a Legally Binding Cooperation and Investment Term Sheet with Cryptocurrencies Mining Investors Led by Jianping Kong to Start the Cryptocurrencies Business The9 has begun to deploy its blockchain and cryptocurrencies business strategy. This time, we are cooperating with investors including Mr. Jianping Kong. They have rich experience and resources in the field of cryptocurrencies mining machine manufacturing and cryptocurrencies mining operation and should be able to assist The9 to launch our cryptocurrencies mining operation. Our goal is to build up cryptocurrencies mining machines for The9 that will contribute 8% to 10% of the global hash rate of Bitcoin, 10% of the global hash rate of Ethereum and 10% of the global hash rate of Grin and become one of the world's largest cryptocurrencies mining companies in terms of hash rate. This will also speed up our other cryptocurrency related businesses. It has been 12 years since the birth of Bitcoin. Pursuant to the Term Sheet, The9 will issue Class A ordinary shares and warrants to the Investors. The9 is expected to receive proceeds from the transactions contemplated under the Term Sheet in accordance with certain pre-agreed conditions, if realized. The Investors are expected to utilize their cryptocurrencies mining industry resources to assist The9 for its development of cryptocurrencies mining business. The9 will set up a new wholly owned subsidiary NBTC Limited to operate its blockchain and cryptocurrencies business. The9 will issue 8,108,100 Class A ordinary shares (equivalent to 270,270 ADSs) at US$0.1233 per Class A ordinary share (equivalent to US$3.7 per ADS) and 207,891,900 warrants, each warrant representing the right to purchase one Class A Ordinary share (equivalent to 6,929,730 ADSs assuming full exercise of warrants) to the Investors. The warrants will be divided into four equal tranches: - The exercise price of three tranches of warrants is US$0.1233 per Class A ordinary share (equivalent to US$3.7 per ADS) - The exercise price of the other tranche of warrants is US$0.2667 per Class A ordinary share (equivalent to US$8 per ADS). Each tranche of the warrants is subject to its vesting conditions including market capitalization of The9 reaching US$100 million, US$300 million, US$500 million and US$1 billion within the timeframes of 6 months, 12 months, 24 months and 36 months, respectively. If the Investors exercise all of the warrants, The9 is expected to raise an aggregate consideration of approximately US$34 million in this transaction from the Class A ordinary shares issuance consideration and warrants exercise. The9 has the right to decide whether the Investors shall make payments in the form of U.S. dollars or cryptocurrencies (including Bitcoin) in the definitive agreement. finance.yahoo.com
NASDAQ:NCTYLong
by AlenCiken
NC.C -- Breaking out after consolidation; Bollinger SqueezeBeautiful breakout chart! I just took position at 1.31. Bollinger Squeeze, MACD about to complete a bullish cross, strong accumulation and good news today that went largely unnoticed by the markets. With BTC going higher, this is a perfect setup for a serious run up! NetCents exceeds $4M in monthly processing volume in July, representing 100% growth over February, 2020 number NetCents Technology Inc. (CNSX:NC) said it exceeded $4 million in monthly processing volume in July, 2020, which represents 100% growth over the previously reported February, 2020, numbers. It said the growth in the monthly transaction volume was partly caused by NetCents continuing to grow its business to business transaction flow, with the new market segment supporting larger transactions that have the effect of significantly lifting the average transaction size. In a statement, Clayton Moore, founder and CEO of NetCents Technology commented: "This growth in B to B is a clear indicator of a maturing business - using crypto for small consumer purchases has a novelty to it, for sure, but now we are seeing large businesses embrace crypto as part of their process, it is a very revealing trend.” "We are confident that this trend will continue, and that businesses will adopt crypto payments permanently as part of their workflow. We can save businesses a lot of money by facilitating cross border and cross-currency transactions. We are finding that once a customer is onboarded, they find that their hesitation around working with cryptocurrencies was completely unfounded," he concluded. The NetCents interface is designed to look and feel like all traditional merchant payment platforms, therefore merchants aren't intimidated by any complexity of the cryptocurrency environment. This means that once onboarded, merchants are likely to embrace cryptocurrency payments, as well as employ one of the marketing programs that NetCents provides their merchants. The growth in transaction volume is also being affected by the growth in cryptowallets worldwide, as of June 2020, there are over 50 million wallets that have been created, which represents 25% growth on a year to year basis. The company said it believes that for the first time many of these wallets are being created for transactional purposes as opposed to purely for investment or trading. NetCents said its management believes that the current Bitcoin rally will also generate additional interest in cryptocurrency, as a rising bitcoin market has historically accelerated the growth of crypto wallets. Cryptocurrencies as an asset class represent a value of $344 billion, with the majority of this value attributable to Bitcoin, which has appreciated by 23% over the last month. NetCents provides the transactional hub for all cryptocurrency payments, equips forward-thinking businesses with the technology to seamlessly integrate cryptocurrency processing into their payment model without taking on the risk or volatility of the crypto market.
NLong
by wealth_bakery
$MARA can rise in the next daysContextual immersion trading strategy idea. Marathon Patent Group, Inc. focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The share price rose after the company announced the installation of 700 M30S+ ASIC miners. The company also became debt-free. The demand for shares of the company still looks higher than the supply. These and other conditions can cause a rise in the share price in the next days. So I opened a long position from $1,10; stop-loss — $1,04. Information about take-profits will be later. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:MARALong
by KozakHlib
Ascending Triangle breakout for Hive, new ATH's on the way?Hive appears to be breaking out from a Ascending Triangle. With the Halving approaching in less than a month & China officially launching their own Digital Currency recently, there's Macro bullish sentiment that surpasses the positive crypto environment that resulted in Hive going parabolic along with Bitcoin & Ethereum. McDonald’s and Starbucks are reportedly part of China’s digital currency trial. China has rolled out a digital currency trial in Xiong’an, an area southwest of Beijing in the Hebei province, according to state-backed media reports. McDonald’s, Starbucks , and Subway are the only three American firms among 19 companies participating in the trial. The People’s Bank of China (PBOC) has been working on a digital yuan for the past few years but has made clear that it has not yet officially launched. McDonald’s and Starbucks are among a handful of companies taking part in a new pilot program for China’s upcoming digital yuan, according to state-backed media, as the world’s second-largest economy pushes forward with its plans for an electronic currency. This is the main reason why China propaganda has become dangerously provocative in America. China is rolling out a cryptocurrency, a lot of the details have not been divulged. I can tell you the cryptocurrency China’s rolling out will likely be backed by gold . China’s got 20,000 tonnes of gold or more, add the fact they are dumping U.S debt & treasuries at an alarming rate, it's plausible they'll bring back a gold standard for the new century.
TSXV:HIVELong
by ScotianBot