CORZQ setting up for a upside breakout With earnings coming up later this month and if Bitcoin rebounds we could see Core Scientific OTC:CORZQ break 0.5$ and close the gap to $1.
CORZ trade ideas
BTC MiningUpside on this thing, corz looking like its in for a decent run ehh, broke above that level so it should run back up to the last lost level, super simple lets see if it plays out.
CORZ - the patient is not well at all.
One of Core Scientific's biggest miners is facing bankruptcy - the company has no way to meet its financial obligations.
If you liked the idea, please like it. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Take profits out in fiat and make yourself and your loved ones happy.
$Core Scientific $CORZ biggest current BTC MinerI was Posting the other day a chart where I Said this stock was being pushed down for the Bears, Well this huge move to the upside could just be the beginning. 31% move in 1 Day!!!
Started riding 8 MA , trading Above 20 MA and 21EMA Support resistance Band.
Crossing 50MA and re test it.
Chart shows that a little more bears will be wreck in a short term future.
Get on the bus before is too late!
$Core Scientific $CORZ biggest current BTC Miner$CORZ
BTC Miner IPO Caught immediately in a Bear Market
Biggest BTC Miner with an average of $1200 BTC on a monthly bases.
According to investors.com it has 0% Debt
3rd Qtr. or Last earnings positive EPS of +300% and sales change of +118%
2nd Qtr. EPS +72% and Sales +255%
1st Qtr. EPS +675% and Sales +803%
As of September 2022 funds investing on the stock when from 139 to 156.
You might say oh they are selling their BTC, same as every one else to survive the Bear but the only difference is they make double or triple a month in comparison with other miners, yes you read well double or triple.
HUT is the only one HODL 100% but CORZ quadruples Hut's monthly productivity.
I'm just saying is a great opportunity for a very low Risk reward for a long term investment.
$Corz One of the Biggest BTC MinersBears taking advantage of the short interest that is currently at 4.6 days to cover. Nasdaq Website info.
Dropping like crazy over 25% of its value this week. BTC stuck on 19 000 range.
Great Accumulation opportunity for the long term, when BTC flips and bears have to cover, this stock will pop huge to the up side.
Bear Markets make great opportunities like this happen where risk is very low and reward is very high.
The game is called Patience, I love to play this when my down side is only 1 usd.
Would you?
$CORZ - Prepare for Launch?$CORZ looks to be primed for a move up. Stoch RSI is curling up at the bottom of a descending wedge. This looks primed to run up. Over 41 bitcoin mined daily for the past few days. Total assets of 2.704B - total debts of 1.255B = 1.449B / total outstanding shares of 325.405M = target price of $4.45. This is only my opinion and should not be taken as financial advice. Own your own decisions.
CORZ parallel channelCORZ is trading in a parallel channel.
Will PUMP after channel breakout.
TP at $5.80 and $9
Good Luck
CORZ is this the bottom?CORZ has found support along this higher low trendline and finally retested.
Showing divergence on the daily and indicators are oversold.
All depends on BTC but this looks like a great entry for me.
Good Luck
$CORZ Core Scientific Bitcoin minerReal nice 1.618 gartley here at the .886 which is confluent with historical support.
The RSI is trying to diverge on the lower time frames here. Confirmation of a low here would be your sign.
News play: Core Scientific, a publicly traded #bitcoin miner, plans to solidify its leading position by reaching a hashrate of 40 EH/s-42 EH/s by the end of this year. Another 1.2 gigawatt upgrade to the North American energy grid
CORZ is HOT, up 70% alreadyWell, this Bitcoin adjacent stock has been killing it since the bottom.
Up 70% already. Impressive.
CORZ another BTC miner stockWant to put this on your radar.
Core Scientific, Inc is another Bitcoin North American miner stock that listed on Nasdaq on January 20th, 2022
Core Scientific, mined 1,044 bitcoin in December and 5,769 BTC in 2021
The company said its hosting business currently serves more than 80,000 bitcoin mining machines that output a total of 6.9 EH/s, and it has secured agreements with its customers to provide an extra 430 megawatts (MW) of power in 2022. The company said it has contracted for the delivery of over 100,000 rigs, which it expects to receive this year.
current hash rates:
CORZ: 6.9 EH/s
MARA: 3.5 EH/s
RIOT: 3.0 EH/s
Keep your eye on this one, if bullish BTC then this will have large gains.
