SOS UPDATE 3/30/21 I sort of panicked this morning...All of my followers know that I have been bullish on SOS ever since February. It's been a battle against the bears and it's not like they don't have any valid points about this company's transparency, but I just hate having to see this stock go down even after good news.
Today's catalyst was SOS is issuing new warrants to raise capital for their Crypto Mining Operations, thus diluting the stock and investor interest.
Anyway, I just hate having to see the price teeter totter because it gives me less TA information to work with. All I can do is draw a new resistance point at $4.50.
There's not much fundamentals to work with either due to the fact that this company has only re-branded itself just recently, and the Crypto Industry as a whole is still highly speculative. But if you're here looking for reassurance, and you are still holding onto SOS like am (I'm down 50%) this is what I have to say:
Fundamentally this Chinese company hasn't proved itself to be a ten bagger, yet. Personally, I believe this company is totally overvalued due to the limited information available, but I also believe this company is undervalued compared to the competition. Additionally, the number of shares outstanding for SOS stock are low in comparison to say RIOT and MARA which too are diluting their shares with warrants.
Best case scenario: SOS gets all of those 15.5K miners active, online, and operational by the end of the month. Then, hashing at an average-rate fast enough to mine 41 BTC (353 Peta-Hashes/s) and 909 ETH (707 Giga-Hashes/s). At the current price levels today, that would be equivalent to about : $4055200 in mining revenue USD.
- ( SOS's Expectations: service.sosyun.com ) by the end of Q1.
But then let's also say the price of BTC and ETH remain around these price levels for the rest of the year (which I doubt). That' would be 20 Million (more or less) in revenue for the year 2021. Because I'm bullish on crypto as a whole, I am fully confident that SOS will outperform expected earnings. Only time will really tell. I can see SOS hitting $20 by the end of the year, but I can also see it going down. And at that point I will continue to hold and buy more unless there is concrete evidence that SOS Limited. is indeed a fraud and it'll just be an expensive lesson for everyone to remember.
I apologize if this wasn't reassuring enough, but as intelligent investors we have to stick with facts and not stimulation. Of course I wished I had waited just an extra month before I had jumped in and bought a large amount of SOS stock, but I do not regret it.
I would love to hear other people's opinions in the comment section.
MARA
SOS UPDATE 3/29/2021We are in a choppy market due to many Macro Global Economic Factors. The Cargo Ship Stuck in the canals causing the global economy Billions. Rising Bond Yields. And the ominous feeling of rising global inflation.
I am still holding LONG. If hyper-inflation becomes very real. My theory is that the any crypto business/fin tech business will survive and expand. Crypto Markets simply because fiat is becoming less valuable, and Bitcoin (Wealth) is becoming a hedge for many investors.
Bearish BTC potential reversal and or continuation XtradesWith lower highs we have a bearish continuation pattern. Daily candles broke the bear trend but we don't have a confirmation candle of the move and we haven't change patterns to a bullish pattern so still playing some shorts mixed with my longs on tickers like RIOT and MARA.
MARA $43 this week. ATH late AprilMARA has been trending upwards beautifully in this upward channel with multiple bounces off the top and bottom as well as the median of the channel.
The top line of the triangle converges perfectly with the median of the channel as well as a key resistance level at $43.30 on April 6th. From there I expect to consolidate a bit within the channel and triangle until we break out of the triangle in mid-late April for ath.
Thus is a conservative estimate. MARA may break out of the triangle this week, and if so, we can see ATH very very soon.
MARA BROKE CRITICAL LEVELMARA broke and retested the resistance level for an intra-month rising wedge which is a bearish signal. Unless we see Bitcoin bounce at these levels (which is unlikely) MARA can easily head down to $35, a previously strong level. At that point we can expect to see a bounce with buyers taking control again. Long term I can see both MARA and RIOT breaking $100 this year but short term things are a little more choppy.
MARA Marathon Digital Holdings $70 option callsInvestors in Marathon Digital Holdings, Inc. MARA need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 16, 2021 $70.00 Call had some of the highest implied volatility of all equity options today. (zacks.com)
The indicators are still looking bullish on the daily, despite today`s correction.
So is MARA a still a buy???
Market Cap 3.879B
I am looking forward for your opinion to make a decision myself.
If you missed my comparison to EBON:
If you missed my hashrate comparison with DMG blockchain:
If you are also interested to test some amazing BUY and SELL INDICATORS that i use, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
Bitfarms projectionBitfarms has 30% higher hashrate than RIOT does. With an uplisting expecting to a major exchange in coming months, the growth of the stock on fundamentals should put it on a higher valuation than blue chip miners. Long term plans for Bitfarms plan to grow from their current 1.3 EH to 8 EH by the end of 2022. Additional growth in BTC should drive the price even further.
1. Currently 30% higher hashrate than RIOT
2. Exchange uplist expected
3. Longterm plans to grow hashrate from 1.3 EH to 8 EH
4. Institutional investment in BTC should drive the price even higher.
A long term price well over $100 would seem reasonable beyond the current fundamental price of $40 shown here.
Stocks rally over NFT craze IMTE 80%, OCG 86%, TKAT 277%
• Non-fungible tokens (NFTs) have been dominating the media headline and only yesterday NFT speculation made Oriental Culture Holding OCG 86%+, Integrated Media Technology IMTE 80%+ and Takung Art Co Ltd TKAT 277%+ jump.
• Three days ago, we shared in our group a list of NFT stocks and all of them were popping up yesterday including the ones mentioned above.
• These token-based stocks prove that the advancement of blockchain technology over the years has certainly created a new industry.
Check our previous Idea CCNC signed the deal we shared with you here two weeks ago and popped 50% pre market.
Another SOS Speculation 03/16/2021Good afternoon to everyone on the west coast and good evening to everybody on the east! Wow aren't we looking bullish today. Like I mentioned yesterday, as expected, there was going to be a minor pull back today. I sold my options this morning, and bought back in at a lower price closer to around noon (west coast time).
For today's analysis, I am going to be using the simple moving average (SMA) lines as resistant points.
The Red line indicates the 20 day moving average, yellow 50, and green for 200.
Yesterday the 20 day moving average crossed above the 200 day moving average which is how we saw that push in price and volume.
The second thing I watched out for is what I like to call "confirmation" and that's when the 50 day average also crosses above the 200 day average. And well, as you can see on the my chart here, we are pretty much there. We are looking bullish.
Remember to always practice risk management by setting up losses, or hedging when the market moves against your favor because with many things in life -- anything can happen.
Anyway, if you read this far and enjoyed my analysis, feel free to follow me as I will continue to observe SOS daily.
Intermarket analysis of Bitcoin price and Bitcoin miners !If you are interested to invest in Bitcoin and related asset, then Bitcoin miners stocks could be a more rewarding investment opportunity.
As you see in this chart, RIOT, MARA, CAN, and HVBTF are the largest publicly traded Bitcoin miners stocks.
They all have positive correlation with Bitcoin price during Bitcoin bullish rallies and perform 2-4 times better than Bitcoin. As I predicted in early November RIOT has outperformed Bitcoin the best (>4x) in the last 4 months.
In conclusion, it would be good for Bitcoin investors to put some money in Bitcoin miners to boost their cryptocurrency investment performance.
Moshkelgosha
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!
Mara Swing Trade IDEAMARA: favorite crypto mining play that will go up with bitcoin’s overall direction. Dilution somewhat often.
My outlook on BTC is very bullish throughout all of 2021 if your willing to hold in this volatile market, I see MARA as a clear buy.
My team and I have seen great success day trading MARA.
If you are interested in join my stock trading team we are now open for enrollment @ :
doughboyinvestors.org
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$.
We will be waiting to buy the stock and once the market gives us a definite answer regarding the bearish trend that started this month.
please read full DD for the full picture
please trade safe !
EBON... is this the bottom?$EBON, as blockchain stocks (mara, riot, sos) are seeing decent movement with Bitcoins push this past weekend, Ebon seems to be lagging behind, trending in a nice channel up. at the bottom of the channel here with lots of upside to run. Good point to long here with shares or get leaps (options premiums are cheap now and not jacked up). Watching for reversal as we break this triangle to go for that gap fill at $10.87. If BTC continues to this flat choppy correction ebon will be very choppy as well. If BTC rallies to 55k+ blockchain stocks will rally as well.
Key Levels
Support: $6.53, $5.79 (oversold under this level)
Resistance: $7.18, $8.56, $9.98
After 14000% gain in less than 1 year what could happen?Potential price drop:47%
Reward/Risk:2.27
Timeframe:3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
I still believe stock market is the HOTEST market!Professional traders love turbulence in the markets because bigger fluctuations means bigger opportunities to buy/sell.
When newbies panicking, the real wolves come out for hunts. They are disciplined strategist who have action plans for different markets.
What makes a trader exceptional is his mindset..! To be exceptional you should have NEUTRAL MINDSET, you should trade like machines, there should be zero tolerance for your feelings.
An exceptional trader has action plan for every moment of the market, it doesn’t matter it is bullish/Bearish, you should be prepared for every situation, if you don’t want to be washed away by big waves.
To maximize your profits you should first recognize the most emerging market. As you see RIOT and MARA are influenced by Bitcoin price and react more aggressively in bullish rallies they out perform Bitcoin itself by huge, and in correction they provide bigger sell opportunities! In the most recent 23% correction theses stocks corrected 43-47% in less than 4 days. Assume you bought their put options!
Last week I asked my followers to take profits out of these stocks and 48 hours ago when Bitcoin was 56975, I send them an EMERGENCY NOTICE of 10-20% correction in Bitcoin price!
For more information and evidence, please review my analysis in the related links
Moshkelgosha
BTBT (bit-digital), the forgotten bitcoin miner to 45?Of the three big public bitcoin mining companies (excluding CAN), you'd expect all three (RIOT, MARA, and BTBT) to look the same. But they don't. RIOT, which has a 100m shelf offering has been the biggest gainer. MARA meanwhile is forming a bit of a bearish wedge on it's ascent, and then we have bit digital, BTBT. This is showing a nice rounded bottom with clear resistance around 30. At 2.2 exahash (per their website front page), this is more than twice the hashing power of RIOT. MARA claims to have funding and orders for 100k machines, putting it at over 10 exahash! So, why is it that BTBT is lagging behind?
I can't say, but the chart shows a very nice rounded bottom pattern. Breaking the congestion around the 30 level could open this up to 45-50 (low of the rounded bottom at 15; top at 30).