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)
Hut8
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
HUT 8 Canadian Bitcoin Miner Winning During Hot Summer (Double?)Hut 8 is one of the older and experienced BTC miners that is run by some wonderful ladies in Canada where it is cold and they are using low cost energy. Texas miners are shutting down to provide electricity back to the grid. European Miners have much higher energy cost and are also unplugging. When so many machines that mine Bitcoin go off the network the ones that are left get paid much more. It is estimated that Hut 8 is earning an extra 10 to 15% Bitcoin because of other miners turning off machines. Hut is also continuing to buy equipment at low costs and are growing BTC mined per month.
Hut has burned through the Ichimoku Cloud and just retested support Friday. If the QQQ continues to squeeze those that don't believe that the Nasdaq leads 4 months before the low of the market, HUT 8 can surge like MARA and SDIG did. If you watch Krowns Crypto Cave analysis on BTC each morning then you know that BTC is setting up for a run up to 25k to 28k by the end of this month.
Wild Card Prediction - Elon Musk did sell BTC in Tesla to make payroll for those big cash furnaces in China, Berlin and Austin. He went out of his way to say he didn't have anything against Bitcoin but you know his CFO was explaining he didn't want to show a $500M asset devalue, so they sold at their cost. The other sale of BTC was for a $200M gain. Elon is sitting on a lot of cash for his Tweet excursion that likely will expire. Where will that cash go? Dogecoin, maybe, but more likely BTC.
MARA and SDIG both saw crazy moves up. So if you're looking for the next Bitcoin miner to get crazy options activity it is likely Hut 8, but maybe it will only be the poorly run BTC miners. Paul Barron Network did a nice interview of Hut 8 last month on youtube if you want to learn more about them. Bitcoin currently trades in great linkage to the QQQ but that is only likely to continue for a little longer as asset managers uncouple their trading algorithms for BTC.
Btc & the Miners!Take a look at Hut 8, a Bitcoin mining operation. This takes a lot of the Noise out of the Btc chart and gives a smoother view in my opinion of what the market as a hole is doing. This Co, has and is expanding it's mining operation in Northern Ontario, Canada! With One active mining operation with two more facilities in the works! Don't sleep on this one.
Jabba the HUT.Either this stock will die due to over-bloating or will tear the universe like some space-criminal gang. Two random gaps down in the summer downturn below the BBs on the daily. Then they're was one final bottom out and a rebound. HUT basically follows BTC. Do I see a BTC rally soon? It's got indicators for it which I outline in a different post but it's a little outdated. Right now MSM is basically saying GO VALUE GO OIL STAY AWAY FROM RISK OR GROWTH. Imo this is a bullish indicator. I think the institutional buyers are finishing their shorts, slowly rebuying which is why we see some consolidation. Either it rebounds (which I think it will around Feb 10th, the next CPI report) or it tanks. I think there is no in between. Though, I do see some evidence for a rebound. Volume, oversold RSI, BB pattern. Let's see how it goes but I lean bull.
$HUT - Hut 8 Mining Corp. a buy soon?$HUT is on a correction atm, and bounced one time exactly on the .618 retrace from the last big low to high. If we see a second confirmation low, and then break out of the supply line, we might have a very decent buying opurtunity on this crypto mining stock! Stay tuned
11/21/21 HUTHut 8 Mining Corp. ( NASDAQ:HUT )
Sector: Technology Services (Dating Processing Services)
Current Price: $13.22
Breakout price trigger: $14.40
Buy Zone (Top/Bottom Range): $13.40-$11.80
Price Target: $18.60-$19.10
Estimated Duration to Target: 62-67d
Contract of Interest: $HUT 1/21/22 15c, $HUT 3/18/22 20c
Trade price as of publish date: $2.90/contract, $3.40/contract
HUT8 PRE-EARNINGS - The Days AheadAfter Tuesday's Gap Up, we are in price discovery mode as we reach new highs.
The red areas are worst case scenarios.
The yellow area is a zone (area) of support that COULDbe avoided if this stock continues the upward trend.
The green areas are most likely to happen due to the trend and earning coming up on Thurs, Nov 11.21.
H O D L T H E H U T !
Please Comment, Like and Follow for more ideas.
Set...HUT!HUT volume beginning to pick up after its Nasdaq debut. But will it be enough. Even before jumping to the higher exchange, the crypto stock saw clear levels of support/resistance between the 618 and 786 fib levels. With Musk starting to chip about Dogecoin again, it will be interesting to see if we get a crypto reboot this summer.
" Cryptocurrency mining stocks like Hut 8 Mining (NASDAQ: HUT) have gained interest in the market. The company is a digital asset miner, which includes bitcoin. Hut’s focus on meeting certain ESG standards and environmentally friendly operations has helped it gain some added interest. The recent concern, especially when it comes to Bitcoin mining, is the level of energy usage needed & how that could impact the environment. This week the company bought 12,000 new MicroBT miners planned for deployment by the end of the year. 'We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis,' remarked Jaime Leverton, Chief Executive Officer of Hut 8 Mining. "
Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
HUT got withdrawal syndrome It started off like a bad trip. Someone brought the wrong party goodies and folks started getting ahead of themselves. After the initial thrill wore off someone thought they would gap up and go for broke. The current party is like an after hours club closing "Last call...please would you just leave so we can clean up". Each time they tried to have a little fun the broke the trend, the trend punished them.
Prediction...gap closes, BTC lifts to 90k(cad), new cycle resume, HUT to nasdaq...ATH's by June.
Long HUT 8 MININGHut 8's revenue is EXCLUSIVELY Bitcoin so when Bitcoin is pumping, it's rough watching Hut 8 declining. Anyone who's held this stock for some time, has felt that pain at least a few times. Today was especially frusterating with Bitcoin reaching all new highs and this stock dumping from the open, down 6.17%.
But today's decline was technical in nature. We're inside a triangle and it was testing the lower part of that triangle. We actually went outside of it, which would have been bad if we hadn't closed back inside. Now that we're inside, expect a retest of the upper trendline. If Bitcoin is still up, it's likely going to break to the upside. I'll be long until I see us close outside the bottom trendline.
HUT - weekly break out with volumeThought I would chart a canadian crypto stock for any canadian followers. Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. On the weekly chart, it has broken out with volume last week. The MACD is crossing up as well, 10% short interest. I looked at the HIVE chart as well, but there was some selling friday. Once the Fed approves the stimulus bill, I expect Cryptocurrency and Gold to move up further. Have a great day! Stay Safe!