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HUT 8 CORPHUT 8 CORPHUT 8 CORP

HUT 8 CORP

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HUT trade ideas

HUT8 short term view [Updated]Just as anticipated, 9.2-9.3 was wrecked by the offering and BTC downtrend movements played a massive role on pushing this below 8. As you can see from the volumes, defiantly there are buyers and sellers competing over the direction of HUT8 unlike other miners that were sliding down today. We are approaching a strong support layer at 7-6.6, i hope we don't break that, and I think so. We are approaching end of Q3 and announcements of GPU miners expected to be soon, thus i don't see the defenses deteriorating easily on HUT8. By no mean, this shall be taken as financial advice.
NASDAQ:HUTShort
by saudi_buffett
1
HUT Is Primed To Test Its Moving Average (SHORT)HUT Mining should go lower in the next 1-2 weeks for a number of reasons: 1. Bitcoin has corrected in the last week, but HUT's pricing hasn't proportionately reflected the drop yet. 2. Volume has dried up since BTC's drop, this often happens before the price returns to a more stable support band like the 33-day moving average. 3. RSI is showing that it is overbought and moreover the RSI is in a rising wedge pattern. 4. Other crypto-mining stocks HUT is correlated to have decreased much more than HUT. I opened a position today, a $9 put option expiring October 15th. I suspect we're only 5-7 trading days away from the 33 DMA though. My exit strategy is to sell the option when the price reaches around $8 for a 74% profit.
NASDAQ:HUTShort
by seanadamsmithemail
2
HUT8 short term viewHUT8 have been performing great since we indicated the reversal point, our performance was to the mark thus far. The great thing is that volumes are setting into a record high at a top 10.7, which show how the market and trader are approaching the previous top. This is overlapping with 0.23 resistance levels, and you should deduce by looking at last three sessions that market seems not having the resolve to set a new top yet, despite the great volumes. It is fair to point out that since our reversal point, HUT8 have more than doubled in less than 30 trading sessions, so it is no surprise that it is healthy for it now to take a pause and gather some strength. This is also influenced by institutions with late entry points that would need more fundamental to deal with overall wight of HUT8 within the portfolio. Personally, i see this moving to a round bottom; thus, I expect this to be a rough trading levels till we reclaim 11 with huge volumes; the company might retrace up to 8-7 levels as a major strong hold, yet with ongoing market forces I see 9.2-9.3 forming good levels of resistance recently. Again BTC movements are casting pressure currently and among miners HUT8 was the only one with strong resistance so expect day-trader to jump between miners. A confirmation would be reduced volumes tomorrow and scoring another lower low or closing below 9.5. Disclaimer Technical analysis is more of a sentiment analysis with tools that help understand market forces, it is not meant to be used alone for making investments decission nor should this post or any other be used for such decisions.
NASDAQ:HUTShort
by saudi_buffett
2
Neutral on Hut 8 miningVery disconcerned over Hut 8 mining. As I just recently bought 8 shares of RIOT because I found a great price entry I am curious to see what Hut will do in the next coming weeks. For me a see a drawback around $9-10. From there it will be much easier to see what this stock will do from there. I m very bullish on bitcoin mining as a whole. ANd I am staying away from cryptocurrency exchanges. Especially after today seeing all the exchanges crash and have connection issues.
NASDAQ:HUT
by nickminter
HUT - Crypto Miner - Long IdeaNo investment advice! I do this only for practicing. Most info on the Chart. Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada. Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly traded company globally. It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
NASDAQ:HUT
by meitshels_smell_trades
2
How To: Combine Stock Charts and Share Watchlists with FriendsJust A Quick Video On How To: 1. Combine a bunch of stocks on a single chart so you can identify which ones are performing best over different periods. 2. Share this list of charts with friends, family, and followers. I just like creating and saving the overall chart to give people a better visual idea of what you are sharing with them, but you can share your watchlists very simply and easily without having to create the chart. Note: The watchlist WILL automatically update if you add or remove a stock. The Saved Chart: The Watchlist www.tradingview.com
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NASDAQ:HUTEducation
by zAngus
37
HUT8 forward ourlook Since mid-April HUT8 was into a downtrend, and is forming a great rounding bottom. In past weeks, it seems to be forming a Cup and Handel pattern with a small handle, which usually indicates strength on the pattern accuracy. Unfortunately this is being driven by underlying asset movement (BTC bull run) however the company scheduled to announce progress in miners being operational and commencement of GPU miners with low mining cost which explains the sentiment. Closing and sustain a closure above 7$ with similar volumes as last week would put a target of 10.6$ on the midterm view.
NASDAQ:HUTLong
by saudi_buffett
$HUT is gonna fall todayPupm&Dump trading strategy idea. $HUT is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $6,89; stop-loss — $7,37; take-profit — $5,93. Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:HUTShort
by KozakHlib