ARB - My first ever stock purchase Double bottom clean
I purchased £50 worth when it first became publicly available. Then sold it at 50p.
Too early on both sides too inexperienced.
This time I am READY
not financial advice
0XP trade ideas
Argo Blockchain, last #Bitcoin miner to underperformThis Bitcoin miner has underperformed against all odds. Actually it is a nice turn around scenario in which this company produces 40 bitcoins a month and has experienced a turnaround. It has paid of most of its debt and has a Chevy new producing facility in #Texas. If you want to get a new car, take this one in your portfolio, target is $1.40
RiskMastery's Red Flag Stocks - ARBK EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NASDAQ:ARBK ...
I believe this code is at a point of potential volatility.
If price can hold below $1.59 ... Bearish potential may be unlocked.
My key downside targets include:
- $1.19 (Conservative)
- $0.83 (Medium)
- $0.498 (Aggressive)
If however price breaks above $1.97 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
ARGO Blockchain - Bitcoin MiningWe have another BTC correlated stock in a descending triangle breakout. A back test of the triangle is underway and my feeling is that it could run if bitcoin holds steady or goes sideways. We are showing oversold conditions with oscillators swinging momentum to the upside.
According to the company itself it "ranks in the top tier of global mining operations, around 0.7% of the world’s Bitcoin mining network hashrate". Keep in mind I am trading on BTC correlation and technicals but have done very little due diligence. Not financial advice, DYOR.
$LSE:ARB - Next entry opportunity according to the fibs?The last trade went great with hitting the TP as planned - I do however have a long term holding which I will continue to hold as an investment rather than short term trading.
ARB has seen a significant pullback since hitting that TP level but appears to be taking a much deserved & healthy break with it currently appearing to be retesting the 0.5 level.
If BTC was to have a sell the news event then this may impact the ARB price and push it below this level but for now I'm strongly considering re-entering from the 0.5 level as I am long term bullish on the stock for 2024.
Whats your thoughts?
LSE:ARB
Is $LSE:ARB preparing for a surge with a closure above 12.50?ARB has seen a recent surge with appointment of a new CEO along with the increasing interest in crypto which has seen RIOT, COIN & MARA all provide good gains.
Are we on for a surge to 17.50 once we manage a close above 12.50 or are the bears seeing this as a massive H&S to the death?
LSE:ARB
Name that Bitcoin MinerThis is the same situation / idea as the RIOT long entry I posted.. clear S/R levels with insane R/R ratio. Would not be surprised to see the gap below fill before taking off - same as if Bitcoin comes back to collect the 200 day MA. I will add to these positions on pullback unless something changes on the MACRO timeline.
ARBK Breaking out of massive down trendNASDAQ:ARBK looking to break a 597 day down trend...out of all the Bitcoin minding stocks sending right now.. ROI favors ARBK IMO.
The fundamentals that had this stock trading at $20/share are still there.. Bitcoin is the catalyst and with the spot ETF bonanza being lead by Black Rock.. this feels like a very obvious play.
Key S/R are obvious (under the moving averages and holding under $1.15) and Bitcoin will lead the dance. Bitcoin needs to capture $32k and hold in the next 3 weeks IMO.
$ARBK Long + Bitcoin + PivotI have been bullish on Bitcoin for a long time and have posted a ton of charts on here regarding the bilateral trades with Bitcoin miners so this is part of that work.
$ARBK , $BTCM , $MARA are the main longs I am in and building positions right now.. the main reason is these mining companies are currently mining under $5,000 per Bitcoin so even if Bitcoin falls to $9800 which is likely in a capitulation dump (IF)
These 3 miners have strong balance sheets, low cost to capital, and are extremely under valued due to earnings and tradfi not understanding the trade. (exclusion there is Mara... they have not sold any Bitcoin so they have the biggest exposure to a dump)
This long is simple... I believe the fed will pivot before 3.0001% and any higher than that we will see a real crash which will never happen for midterms.
Under the long term moving averages and I am wrong on my timing.. and I will take the L then look for reentry
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ARB , Argo Blockchain , Lse , Update Hi all I hope you had a great Christmas with your family and here we are back to the charts! =)
I'd like to share my opinion on Argo and give an update to my ideas.
I used here a 4h chart (you can use the weekly and monthly one too) just because I noticed that the share price went down to 70 on the 29th of July and up to 202 on the 22nd of September and with bigger timeframe we cannot see it and this episodes gave me the idea of today.
For more than 6 months the share price has been exchanged between the range (110-150) as per the fixed range volume profile that shows where has been exchanged most. ( as per the yellow triangle)
For this reason I think that the price will definitely come back to the yellow area once find out where is the possible bottom.
It seems that the price is attracted now to the previous support area at 60-75.
I'd wait to open a long position for a swing trade now just because the Cryptomarket and the Stockmarket are both experiencing an uncertain period and I'd wait for confirmations .
If you are IN for long term it's great for some accumulation to average the price down a bit.
( for those that are interested on updates and looking on what Argo is doing , on YouTube Argo Ceo regularly updates videos where He talks about the company and the period in general and answers to questions made by Investors , super interesting check it out)
As per chart to figure out some targets prices I used the Trend-based Fibonacci extension.
Let me know what you think !
Comment are always Welcome.
Cheers.
ARGO blockchain rally off of Bitcoins final leg up?- Argo's 5 year RSI support has been hit three times now and has already begun to reverse suggesting a reversal fairly soon.
- There's a double bottom on it as well which suggests a PT of £2.60.
- Furthermore, declining volume suggests a breakout of this triangle is likely to occur soon.
Wishing you all a great Christmas and a successful start to the new year trading.
See you on the moon
$ARBK Rising Channel and tight PivotI don't normally do trendline pivots but this $ARBK IPO looks interesting.
Its been in a rising channel and:
* OBV pegged at high during recent pullback
* My custom "tightening" indicator (orange background shade), alerting for a possible volatility expansion soon)
ARB argo blockchain LSE , long target In this idea I show you where are the main price targets for a long in Argo .
As previous ideas I've published ( check it out if you did see it before)
It seems we are currently in the accumulation phase of Wyckoff waiting for a push upwards testing the main resistance at 170 .
It's likely possible that the price will touch the others targets I've drawn .
Let's see what will happen in the upcoming weeks .
Let me know in the comments what are you thoughts about it and share with the community your ideas.
( not financial advise just my opinion , make your own research )
Good luck ! =)
ARGO Blockchain , ARB , LSE, WYCKOFF ACCUMULATION BULLISH In my opinion , we are inside the beginning of the phase D of the Wyckoff accumulation,
Waiting for the confirmation whenever there is a breakthrough the main resistances at: £ 1.70 and £ 2.00.
The main Support areas are at: £ 1.25 , £ 1.15 and £ 1.10.
Remember to make always your own research and plan your risk management! =)
Please leave a comment or a like to support me.
Good luck all !
Peace.
