Terawulf (WULF) poor fundamentals but trading $100 mil a day?Terawulf does not have the best fundamentals. Missed earnings the last 3 of 4 quarters. Not making money yet but improving. Meanwhile the stock is trading 100 million dollars in volume in a day. Is this a Meme stock or are investors looking to the longterm outlook? Otherwise, are they holding on for the 1000% gain back to all-time highs? What are your thoughts?
WULF trade ideas
The Debt-Laden Wolfpack 🐺 🤔Next up is Terawulf as promised. Terawulf was my last miner I got interested in but not for the hype around its nuclear mining operation. Moreso, I was looking for miners down major off their highs, and those with a higher max upside. Problem is, this company has over 100 million in debt, and following their monthly and quarterly updates shows that they have no intention to pay it down quickly. Very high risk play!
Technicals : Not much here, as this IPO'd during the peak of the bullrun. 707 algo play is all I got. If WULF can get through this 618 resistance and downtrend line, then we got a nice run shaping up.
I will keep this updated as to their debt. We've seen other miners have massive amounts of debt like this, and paid it off. Pretty sure Bitfarms had a lot of debt at one point for comparison.
Stay Tuned!
$WULF heading back to sub $1Lots of people have been talking about buying the dip in bitcoin miners, but bitcoin miners look like they have a long way down to go from here.
You can see w/ Heikin Ashi candles that the trend has changed and we've rejected off of the trend line.
From here, I think it's likely that WULF retraces all the way back to retest it's support at $.80 before a real move higher begins.
Invalidation of this would be if WULF can find support in the $3 range and rally back up above the top trend line.
Let's see what happens from here.
WULF - long- Bitcoin Miner - 22% Short FloatTeraWulf Inc is a digital asset technology company with a core business of sustainable bitcoin mining. The company develops, owns and operates its bitcoin mining facility sites in the United States powered by hydro, nuclear, and solar energy.
This is not a financial advice!
We need to stay in a bullish overall sentiment of the market. If we see a corretion, this play might doesn't work.
Short Float 22.8%
Keep an eye on 2.5, 2.8, 3.4 levels, needs to get broken for a further upmove. If you want to lock in gains you can take full or partial profits at these levels.
SL under 1.5
TP approx. 3.9
Most info on the chart.
Trade carefully!
WULF - x3 or 10X yr money - Tri break out and BTC is moving upWULF is one of the best if not the most efficient BTC miner
it runs off hydro power so its costs are low
Miners are being taken over - consolidation in the industry
Black rock and ETF funds need to buy them to produce BTC as they need to buy them to meet their spot monthly buy demands.
Its cheaper for companies like blackrock to buy WULF and the miners rather than buy BTC on the market. They have virtually unlimited budgets and they own the banks so the business case keeps getting stronger to buy miners as the BTC price escalates.
A triangle usually marks signals a turnaround in prices.
the height of triangle corresponds to old resistance on the charts so a pausing point.
If the company agrees to sell out, this may not go the distance but it they do not sell the price could go very much higher.
I could see a 10 X from here to previous ATH on the chart at $25 not too bad an investment
Triangles often signify surges in price as the price breaks out. typically 30% is normal upon breakouts. Let us see what happens and what comes with time
WULF - Rekt Sheep 💀Ascending wedge appears to be drawing to a close here.
It has become very shallow and calm in this recent area.
Calm tends to arrive before a storm.
There are bearish RSI divergences that cannot be seen through rose tinted glasses.
Earnings later today could do anything...
But right here WULF looks set to roll off the table down and down 👇🏻.
Fanboys that can't read a chart are about to find out 💀.
Not shorting, I only want deep buys down the road...
Not advice
WULF - the consolidation continuesWULF is stuck in a tightening range pattern with limited edge om either side. A directional trader would do well to stay away from the stock but range-traders and can very well find opportunity at this level, just before earnings. A short range and pivot has been formed over the last three days, which favours a short move to the upside.
WULF | This Crypto Miner will POP | LONGTeraWulf, Inc. owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States. TeraWulf will generate domestically produced bitcoin powered by nuclear, hydro and solar energy. The company was founded by Paul Prager and Nazar Khan on February 8, 2021 and is headquartered in Easton, MD.
WULF a high volatility AI penny stock LONGWULF on a daily chart has room to run to a end of the year pivot high and the ATH of July 23
The relative trend indicator shows it rising out of of the chop zone and the RSI shows lines
popping over 50. My targets are 3.1 and 3.8 the red lines from the tweezer tops. PRice has
crossed the mean VWAP a bullish momentum stimulus. It is a cheap but risk way to take
an entry in a swing trade long on WULF and the AI subsector of technology. Upside is 50-75%
overall with a stop loss of 10% raised to break =even once price is 10% above entry and changed
to 5% trailing once price is over 25% above the entry. This is a low time and effort type of trade
meant to extract high profit relative to time/effort also with the use of alerts and notifications
to manage the trade.
WULF TeraWulf Options Ahead of EarningsAnalyzing the options chain and the chart patterns of WULF TeraWulf prior to the earnings report this week,
I would consider purchasing the 3usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
RiskMastery's Breakout Stocks - WULF EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:WULF ...
I believe this code is at a point of potential volatility.
If price can hold above $2.05 ... Bullish potential may be unlocked.
My key upside targets include:
- $2.86 (Conservative)
- $3.80 (Medium)
- $4.84 (Aggressive)
If however price falls below $1.25 ... Bearish risk 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.
WULF: Bullish Dragon and RSI Bullish Head and ShouldersTeraWulf is a Bitcoin miner and in my opinion has a great balance sheet yet it has lagged behind the performance of other miners and seems to be confirming a Bullish Dragon breakout with a Bullish Inverted Head and Shoulders visible on the RSI, if it plays out I think we will see a very significant rally leading into the halving which is roughly marked with upcoming vertical line.