Bitcoin BTCUSD pushing to new highsStill a 3 wave move at this point. Waiting for that $60k and watching triangle formation. I think we will get it soon with BNB, VET, ETH, MARA,etc making new highs. expect to hold 55k. Riot looks to be building for large move to catch up on some lost ground with MARA. think MARA will still be the winner.
not financial advice
Mining
New longer term price path for CANNIt seems like a new 'longer term' price path for CANN has been setup with the recent pullback. This could be due to the recent decline in cryptos and the change in rules around crypto mining in China, but that's simply a guess.
The fib. retracement suggests the price may test a new possible resistance area around $30; at that point I would expect another pull back to widen the stance on the overall valuation.
Remember, all this is pure speculation and is not financial advise.
[EW] ASX:FMG correction nearing completionHi everyone
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin the minute fifth.
We will see very shortly!
NFA, DYOR
Rio tinto- time to mine itRio tinto is one of my fav mining stock. The stock was beaten recently by bears but last friday made a powerful comeback with gap up opening and increased volume. Indicator look bullish. in my opinion rio will move up to 85 and then there is a gap and it will fill it. Also weekly chart looks bullish it is providing a good entry point at this price.
This is not a trading advice, opinion are for education and entertainment
RVN/USDT Descending triangleWe can see a descending triangle on 4 hour chart of RVN/USDT (Binance).
DESCENDING TRIANGLE has bearish reversal interpretation.
If it breaks it support line it will breakdown to the marked point.
Red lines represents major resistances while green are showing major supports.
We can clearly see 2 valid taps on resistance line and support line inside the formed triangle.
Dial indicator showing ( Bought indicator ) means that the current volume is at sell signal.
ASX:BMN BULLFLAGBannerman Resources Limited (ASX:BMN) is an ASX and NSX listed exploration and development company with a 95% interest in the Etango Uranium Project in Namibia; a southern African country which is a premier mining jurisdiction.
Bullish Outlook:
- Bullflag Identified
- Double Bottom off Daily Support
- RSI above 50.00 level
- MACD Bullish
- Volume increasing over the last 4 months
- Above 20 MA
- Targets above 1:2 RR
Bearish Outlook:
If previous high fails, then a test off daily support is likely. If bearish action continues then test of 8-9c is up next.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
If Hive passes up its all time high it will jump to $10 - just aIf Hive passes up its all time high it will jump to $10 - just a hunch not financial advice.
How do you value this company
But Ethereum price is low and Hive mines Ethereum so when Ethereum goes up the price of Hive goes up.
Some folks are saying Ethereum goes to 5K if not 10K.
So if the price of Ethereum doubles from 1800 to 3600 that would still not be 5K.
Maybe Hive will double when Ethereum triples
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:
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SPRT Support COM to be acquired by bitcoin mining company The provider of technical support services and cloud-based software Support COM announced a deal to be acquired by bitcoin mining company Greenidge Generation Holdings Inc. (marketwatch.com).
Market Cap still low, 141.851M
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.
Is Glencore in a cyclical trend? I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart.
So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly respect put out a note on their exposure to Glencore and relative underweight positions in other diversified miners such as BHP and Anglo. From a fundamental perspective, Glencore mines commodities such as copper, nickel and zinc, all of which have fundamental reasons why the demand in these commodities should increase over time. Copper looks a bit pricey at the moment, perhaps in need of a health pull back but over time it should increase in price.
The signals suggest that the price of Glencore should rise over the short-term, however, i think it may then undergo a healthy pullback before its next leg upwards.
So what is one to make of all of this? Well either buy in now and hold for the next 2-3 years or until the fundamentals change, perhaps taking profits at certain points on the way up, or wait for the pull back (if it occurs) and then buy in. In other words, buy in and hold or sit on your hands and wait.
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Westhaven Gold - reverse head & shoulders in the making?I like the mining sector. It's a sector that is so undervalued versus the general stock market that it almost a no-brainer to invest in it, especially now that the gold price seems to be bottoming out. This is the chart of Westhaven Gold, a gold explorer that has been beaten down for months and months, but the setup is beautiful for fans of classical charting. Entrance with a stoploss at 0.49. If the structure works out, this is a four-bagger based on neckline + (neckline -/- head).
Perfect Diamond Long on $FCX into AprilGet on board this most excellent trade with copper and stock seasonality on your side! FCX has has a great run this year with copper from the bottom rising 400%. This is a great and possibly final leg to get into for awhile that is perfectly balanced inside Camarilla pivots, which I would consider myself an expert in using.
Copper 16YR seasonality nearing a bottom ahead of the FOMC
FCX is in agreement with a bottom near this area
CAN Double bottom/Cup and HandleLooking nice with the chart pattern here with CAN. seeing what looks like a double bottom or cup and handle through 4h & Daily time frame. Plus added confirmation of Bitcoin breakout. CAN compared to MARA & RIOT, looks like there still room for price increase. leaning towards the long side on this one still.