Bitcoin 500k Cycle Fixed (LUNA Leverage) + Bitcoin Mining Stocks ill keep it short, remove the Luna leverage creating a massive short squeeze followed by a long squeeze we have almost completed the expected 686 - 707 Day Bear market Bull market confirming by Jan 2023 with a historic pattern repeating the price to 500k (Indicated by the blue pattern lines replicating what should have happen without Luna)
Opportunities? Look how cheap well managed Bitcoin mining companies are with balances they never had to sell, this is especially something that can create leverage plays on top of Bitcoins price, the collapse and bankruptcy of the other Bitcoin miners might have just marked the short term Bottom.
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HIVE Blockchain -87.03% Change (1 year) Market cap: $0.23 Billion (USD)
30 Sep 2020 | 55.1 P/E Ratio
5 Nov 2022 | 4.41 P/E Ratio
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Hut 8 Mining -85.24% Change (1 year) Market cap: $0.42 Billion (USD)
31 March 2020 | 38.8 P/E Ratio
5 Nov 2022 | -17 P/E Ratio
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Riot Blockchain -82.30% Change (1 year) Market cap: $0.96 Billion (USD)
30 Sep 2021 | 233.6 P/E Ratio
5 Nov 2022 | -2.6 P/E Ratio
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Grayscale Bitcoin Trust -74.93% Change (1 year) Market cap: $2.15 Billion
3 Nov 2022 -36.29% Discount/Premium to NAV
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This just covers same basics of my research would need videos to properly present it, take a look around at these unheard of discounts that leverage on top of the BTC price hell you could even purchase LEAPS on most of the mining companies.
Meanwhile in Narnia land people are searching for Alt coins to make returns you could easily open your eyes and see the opportunities right in front of you here with extreme P/E discounts, but like always it will be the future around 2025 and obvious when these miners end up having market caps like Gold Miners these are almost a 100x Leverage play on Bitcoin hell you could even get it to 400x with calculated LEAPS. Talk about an opportunity this risk to reward just blows my mind
(Disclaimer I do own and are actively collecting listed miners after heavily checking their financials I do believe they are three most well managed mining companies that exist right now)
HIVE
HIVEUSDT Hit the 1D MA200 for the first time in 2 months.Hive (HIVEUSDT) hit yesterday its 1D MA200 (orange trend-line) for the first time since August 02 2022. As you see the pattern its been trading in for the past +1 year is a Triangle and recently it has turned sideways as it is close to exhaustion.
For a bullish break-out we would like to ideally see a break above the 0.382 Fibonacci retracement level and then target each Fib level above afterwards. A break below the lower dashed line can see the price test the bottom of the Triangle instead. The 1D RSI got rejected right below its 70.000 overbought level. This is what maintains the sideways neutral range within the long-term Triangle and short-term traders can have a field day by scaling.
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Blockchain Companies: Expectation vs RealityCryptocurrency bubble?
When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality.
It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow.
The question is: to what extent has the market already priced in these negative results?
Would there be more room to fall?
Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area.
I'm not optimistic about this data, unless there's something that only I didn't see.
What is basic EPS?
Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics.
(TradingView)
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Companies analyzed:
Marathon
Riot Blockchain
Hut 8 Mining
Coinbase
Bitfarms
BitNile
CleanSpark
Core Scientific
Argo Blockchain
Canaan
Hive Blockchain
Digital Bit
Galaxy Digital
BIT Mining
Valour
Ebang
Greenidge
Iren
The Blockchain Group
TeraWulf
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ETFs analyzed:
Proshares Bitcoin Strategy
Grayscale Ethereum Trust
Grayscale Bitcoin Trust
HIVEUSD Brief Red ChannelThis is a pattern ive noticed across charts using this indicator 'Gaussian Channel'
The channel will turn red briefly on timeframes like this weekly one and then face a sharp reversal in price, also reversing the indicator red state, pushing it back to green
Potential for very bullish results
On lower timeframes an up trend can be seen also for this coin
HIVE has formed a big bullish BAT for upto 70% pumpHi dear friends, hope you are well, and welcome to the new update on Hive coin.
Previously we had a nice harmonic trade of HIVE:
Now On a 4-hr time frame chart, HIVE has formed a bullish BAT pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Hive (HIVE) - July 26hello?
Welcome, traders.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(HIVEUSDT 1W Chart)
The key is whether the 0.4495-0.5310 zone can support and rise.
(1D chart)
Primary resistance: 0.6823
Secondary resistance: 0.9310-1.05
1st support: 0.4495-0.5310
2nd support: 0.3015-0.3638
The key is whether it can find support at 0.5310 and break above the upper end of the Bollinger Bands.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.)
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Hive Grows 80%+ With Room For More...HIVEBTC has grown over 80% in just the last three days...
We are seeing many altcoins starting to wake up.
We can assure you this is only the beginning, we are still at low/bottom prices all across.
Here is the long-term chart for HIVEBTC.
We show this pair because it is easy to see how things are starting to turn.
This week HIVEBTC moves and closes above EMA10, EMA21, EMA50 and EMA100.
Above EMA50 we have a bullish market.
In a bullish market, we see higher highs and higher lows.
It will take weeks to develop but eventually it will be clear;
That here is more to come.
Namaste.
HIVEUSD Rejected on the Resistance despite the huge rise.Hive (HIVEUSD) has been trading within a Channel Down ever since its November 26 2021 market top. Despite the impressive rise of the past two days, it not only remains within the Channel but also is getting rejected on today's candle on the Resistance formed of the June 07 High.
The last time we saw a similar rejection pattern was on April 02 and that rejection started the sharp correction that led to the May 12 low. See how both patterns share the same characteristics of Support and Resistance Zones on double contacts before breaking. Even the RSI sequences are identical. As a result, until the Resistance breaks, the trend remains bearish within the Channel Down. The 1D MA200 (orange trend-line) is falling since early June, so on a 1 month horizon we may see it trading on the Resistance level and finally break, assuming the Support holds.
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Update on weak hive buy signal from yesterdayYesterday I published the weak BUY signal from the hive.
I'm surprised to see that the target was met by 81%
Signal price: 42,536 USD
Original target (ATR): 43,600 USD
Top price: 43,392 USD
200 dollars away from meeting the original target.
As I said it was a weak buy signal but it's incredible that it still almost nailed it!
The signal only used a count of 5 divergences in the past 4h candles but normally I take seriously only above 7 divergences for bull signals especially if we are in a bear market. On a bull market you can do the opposite, relax the number of bull divergences to trigger and increase the bear ones: it's the way trend biased markets work.
Hive bullish is firing a weak buyI tend to use the bull hive counting 7 divergences before firing buy. But I’m a human being and I’m curious how many are we counting now so far because we still don’t get any buy signal.
In this chart I’m relaxing the hive to only 5 divergences and you can see that it’s printing buy signals more frequently.
Obviously you can’t expect 5 signals count to be stronger than 7 but interestingly 5 was all that was needed to pop the price in the last 3 times.
So I’m treating it as what it is: a weak 4 hour buy signal.
Maybe un the next few days it might get invalidated or….it might finally count 7 divergences and trigger a strong hive buy signal.
Needless to say a daily strong buy would be a dream entry, but technicals are not there yet.
Always remember, technicals is only one aspect that can explain price action, there are many more so don’t ever use them for an all in bet or anything close!
HIVEUSDT, buy?HIVE is in rising channel. Usually rising channel continues x3 bounces. We are witnessing the third higher low. And for a desert: pay attention to the dates. Every correction longed 3 months. February was the last (hypothetically). And the next 5 months including March should be bullish. Target is $9. Good luck in trades, buddy.
Hive Short 10% ?Looking at Hive chart we can see we have a little push upward. If Bitcoin cant go trough the resistance we might see altcoin go down with it.
Hive resistance 1.006 USD
Support 0.89$
wait for long. We could go as low as 0.54 USD
Thanks for reading.
Good luck and good profits.
George
Not Financial advice. DYOR.