Expecting and waiting for double bottom.HUT has hit a support and I am waiting for a retrace down and then another bounce off the support. Don't expect it to go up from here.
Regards,
1HUT trade ideas
Hut 8 bitcoin miningWe have another 10 percent upside till resistance If bitcoin pushes to 18k we may break through and move even higher.
ut keeps all the btc they mine so with btc increase the companies evaluation automatically goes up
Potential Hut 8 Mining BottomI'm adding here, I think when Bitcoin turns around which I think is very soon the Bitcoin Miners will outperform everything. Such a great looking bullish falling wedge. Here down to .83-.84 should be amazing buys long-term I think. See chart below for a close-up.
HUT -Long:HUT -Long:
Based on technical analysis only:
Very interesting for me for a Long position
Entry:1.97$
Big potential to reach the following levels:
2.16$ , 2.49$ , 2.69$ and 3.69$
SL will be at:1.67$
#DYOR 🙊🍒
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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.
Earnings watch 8/11Earnings watch 8/11:
HUT
AGRX
VET
GOOS
SIX
RIVN
HIPO
SAND
HIMX
VERU
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
Parallel channel for the short term.I've used a parallel channel to try and see if we stay within this range. It appears to be bullish for now, I'd like to see us stay within it for another week. Though HUT sometimes has some rapid moves.
First chart ever, is this meaningful at all?I'm trying to learn how to find meaningful points on a chart. I figured I'd pick one of my losing trades in the past and hopefully make it profitable in the future. Any input on my points of intersection and general trend lines would be helpful.
hutlooks like a massive triangle correction that has been nothing more than a series of 3 waves up and 3 wave down on the weekly. I wouldn't doubt if we make 3 wave up to test that top TL of the triangle around $8 before dropping into 3 more waves down to bounce off the bottom once more. Then maybe larger HTF breakout into 2023.
Bitcoin mining- Down 92%
- At support
- RSI at bottom and MACD turning
- Bitcoin in bear bottom area
I am DCA in Bitcoin mining stocks here
Take care
$HUT ~ Watching the show...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
Bitcoin & the miners Here's a side by side to drive the point home. I get the feeling that the miner's aren't done selling yet!
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.
Hut Mining to 40'sLove the look here, love the fundamentals of Hut Mining which I usually don't care about unless it's a bigger bag. Think Bitcoin bottoms here soon.
Long HUT HUT close to 90% off the high. As a general rule on IPO booms I expect to see massive booms decline 90% and I love to buy them. I buy them all. It's usually 1:4 or better RR trade and there are not that many companies going to zero. Buying IPOs down 90% tends to do fairly well as a net strategy.
$HUT - 2 Chances HUT broke down from the inverse head and shoulders. It even has candle confirmation - spinning doji followed by bearish engulfing. It is fair to say that the IHS is NEGATED.
I see 2 bullish scenarios here on $HUT . In this order:
1. Bullish divergence on $HUT. It can bounce righy here on the 4.50 support and see much higher levels: 4.8, 5, 5.5 and even higher levels.
2. $HUT loses the bearish divergence and goes for oversold zone (below 30 RSI and under). It can try to bounce here.
Thanks for reading. What do you think?
This is not financial advice. This is solely for entertainment purposes. Do not take anything from this idea as advice in any way, shape, or form.
Time to long $HUTInverse head and shoulders. Moving with current market downside. I think BTC being at these level is a good indicator that we may see 60k sooner than later. Hoping a reversal occurs soon
This is not financial advice or advice in any form. Sole purpose is to entertain
big breakout on the horizon here? hmmhut at make or break it area! recently saw a double bottom bounce off extreme support and broke local trend resistance! very bullish signs.
theres one trend resistance left, will bears be able to hold it back?
If they fail to do so my targets are 7.21-8.55-9.89
Earnings watch 3/17 pre-marketEarnings watch 3/17 pre-market:
HUT
DG
ACN
CMC
SIG
CSIQ
WRBY
DBI
NYC
DXLG
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
$HUT (Bitcoin Miner) Expanding DiagonalLooking at Hut8 on the 10D here, im seeing the same type of consolidation as i pointed out on my BTC Leading Diagonal idea.
Hidden bullish divergence on the lows and a divergence on the ADX as well.
This would be easily invalidated with some new lows but theres potential for a lot of upside here relative to risk and if we see confirmation from BTC, all of the sympathy stocks will follow suit and these type of patterns will play out across the board. Ill be posting some more once we get more data.
could see a lot more downside in the short term 🚨hut pulling back with bitcoin as expected and about to break a important trend support (bearish)
after checking previous candles that look similar to this most recent months i noticed some things...
after 1st candle we saw a move from 8.4-3.14 (-62.619%)
2nd did 11.3-7.57 (-33%) -- 3rd did 9.15-4.52 (-50.60%)
if history repeats this new candle/break of support should send hut from 7.66 to 2.86 for max pullback of -62.66%, of course it can bounce before this max pullback area as well.
like and follow for more! 💘
