SOS
HUT - Cup and Handle pattern on dailyThis canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot have less net cash. HUT uses natural gas and Wind farms for energy, so a little cheaper production cost compared to MARA and RIOT. HUT has 3000 BTC inventory, MARA 4812 and RIOT 1053. *I live 2 hours away from their mining facility. Go Bitcoin! :)
Long Playlook and the news what this company is doing. Mining BTC and ETH using hydropower and expected to make 250K a day once operation is running in a few weeks. Look at MARA and Riot both were this cheap months ago. don't miss this train. Had a offering today that was NOT PUBLIC do not be fooled. Volume picking up very good. options moving around quite a bit today as well. #SO Disclaimer: This is not investment advice just my opinion
LTC Change in MSLTC long time going down, moving sideways and starting to change in market structure.
see 2 wicks to the left and then finally big bearish engulfing that pushed through, looking for;
A bullish engulfing to push through
2 closes above the EQ line
Limit Entry and SL set.
ETHM20 Bitmex RetracementConsolidation then drop to previous resitance.
Fibs from High to Low
Looking for entry on the previous supports for a short
BCDBTC
BCDBTC
Still in an overall bullish downtrend.
4hr consolidation zone, forming a squeeze in a bullish formation descending triangle.
BATBTC 4 out of 10 daily morning chartsBATBTC
Still in an overall bullish downtrend.
4hr consolidation zone, historically after LH forms these zones with a fast bullish movement off the bottom to be rejecter on another LH and fast bearish movement down to create a Lower low.
in the middle of zone ATM.
possible long from the bottom and short from the top.
both stop-loss are clear of previous market structure.
ATOMBTC 3 out of 10 daily morning chartsATOMBTC
still in an overall bearish downtrend. At the moment in a 4hour sideways consolidation period.
historically box consolidations have entry - 2 top touches and big bearish movement.
the missed ideal entry into short, Darvas box entry could play out and a stair down.
Low 4hr volume, MACD looks to flip bearish, histogram looking thin, BB narrowing, RSI midway with now divergence.
THETABTC - potential long opportunityLong opportunity has presented itself with THETABTC
Been on a uptrend forming higher highs.
Recently broken out of the downwards wedge, and looking to retest the trendline
Could be 8 - 9% trade. Looking at some of the wicks to the left I will leave the last 25% of my trade as a trailing take profit, so see if I can catch it if it does wick up
XBTUSD short term bearishDISCLAIMER: This is TA from a beginner learning to trade. I take all trades I publish unless otherwise stated. However, I use very small position sizes for the purposes of learning. Follow my journey as I cut my teeth in trading.
I have noticed throughout btc's short term consolidation, it has been following fib levels relatively well. I have no long bias even though it has broken a downtrend. On higher timeframes, until it creates HH (higher than 7450), we are consolidating. Price has wicked up but failed to cut through supply zone at the 7230-7300 region.
I am betting on a short down to 61.8 which has also acted as support.
BCH/BTC Double Bottom on the 1 hr and break in downtrendDouble Bottom on the 1 hr and break in downtrend, potential long opportunity
NZDCAD -Short term trade opportunities within Channel NZDCAD has broken out of the wedge and has been respecting the channel.
I've placed a few successful trades within the channel already,both long and short, looking to continue the trades.
Typical R:R 2.5 - 3
Eventually I'd be looking for a breakout upwards out of the channel with an expected TP point at resistance/ supply block.
#SOS #Mybitcoinacademy #MBA #schoolofsparta