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HUT 8 CORPHUT 8 CORPHUT 8 CORP

HUT 8 CORP

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HUT trade ideas

$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
HUT Daily AnalysisComing up to a key supply zone. Two possibilities can come from this. Either the price breaks above and, ideally retesting resistance and support, runs to test higher levels. or The broader market seems some pressure and this level is rejected causing the price to retrace to the 200 SMA, and if that can't hold then the demand zone below. Waiting for confirmation will help you pick a direction early on in the rally. This can be found in the form of a break and retest for an upside breakout, or a bearish divergence from a mean reversion trade. Setting up this trade with a profit factor of 2.0 or greater makes it statistically efficient to trade.
NASDAQ:HUT
by portfoliokingsllc
HUT8 reversalNASDAQ:HUT is a BTC mining company (they will add Ethereum) soon that was traded in TSX and OTC for long. It is one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018. 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. Hut 8 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. The Company's multi-pronged business strategy includes profitable digital asset mining, white-label high performance compute hosting, as well as yield & income programs leveraging its Bitcoin held in reserve. Having demonstrated rapid growth and a stellar balance sheet, Hut 8 was the first publicly traded miner on the TSX and the first Canadian miner to be listed on the Nasdaq Global Select Market. As you can see HUT8 was tracked since late 2020, it moved along BTC wave and score an all-time high at 13$, then moved into a massive downtrend for the past 4 months. After its listing on Nasdaq mid June, volumes started picking up due to strong fundamentals while BTC was still under pressure of correction. With recent BTC bull-run HUT8 is in technical position to start reversal from previous cycle, again fundamental will play major role given recent corporate targets. This is the first post, so take it with its mistakes :)
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 $5,67; stop-loss — $5,93; take-profit — $5,17. 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
2
Set...HUT!HUT volume beginning to pick up after its Nasdaq debut. But will it be enough. Even before jumping to the higher exchange, the crypto stock saw clear levels of support/resistance between the 618 and 786 fib levels. With Musk starting to chip about Dogecoin again, it will be interesting to see if we get a crypto reboot this summer. " Cryptocurrency mining stocks like Hut 8 Mining (NASDAQ: HUT) have gained interest in the market. The company is a digital asset miner, which includes bitcoin. Hut’s focus on meeting certain ESG standards and environmentally friendly operations has helped it gain some added interest. The recent concern, especially when it comes to Bitcoin mining, is the level of energy usage needed & how that could impact the environment. This week the company bought 12,000 new MicroBT miners planned for deployment by the end of the year. 'We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis,' remarked Jaime Leverton, Chief Executive Officer of Hut 8 Mining. " Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
NASDAQ:HUT
by PennyStocks101
HUT got withdrawal syndrome It started off like a bad trip. Someone brought the wrong party goodies and folks started getting ahead of themselves. After the initial thrill wore off someone thought they would gap up and go for broke. The current party is like an after hours club closing "Last call...please would you just leave so we can clean up". Each time they tried to have a little fun the broke the trend, the trend punished them. Prediction...gap closes, BTC lifts to 90k(cad), new cycle resume, HUT to nasdaq...ATH's by June.
TSX:HUTLong
by Honkytime
Trading Idea - #HUT8HUT 8 Mining is definitely a BUY! As a trader, I am searching for the "best" entry. Find a BUY entry around the POC-area: 4.50 to 5.00 CAD! TARGET: 10.00 CAD A short-term SHORT is possible with the rejection at the bottom of the descending triangle: 7.20 to 7.50 CAD - The share price of HUT8 has risen logically with the Bitcoin-hype to an ATH of 16 CAD (+ 800%)! You could think of quick and easy money. - Nevertheless, it can currently be seen how the latest investments have weakened the share. HUT8 purchased NVIDIA CMPs worth of 30 million USD to increase the company's aggregate operating rate by about 1,600 Gigahash. - Bitcoin continues its rally as HUT8 invests in infrastructure. As soon as this process is stabilized or even completed, the HUT8 share will go on attack again.
TSX:HUTLong
by Traderherz-Analytics
4
Long HUT 8 MININGHut 8's revenue is EXCLUSIVELY Bitcoin so when Bitcoin is pumping, it's rough watching Hut 8 declining. Anyone who's held this stock for some time, has felt that pain at least a few times. Today was especially frusterating with Bitcoin reaching all new highs and this stock dumping from the open, down 6.17%. But today's decline was technical in nature. We're inside a triangle and it was testing the lower part of that triangle. We actually went outside of it, which would have been bad if we hadn't closed back inside. Now that we're inside, expect a retest of the upper trendline. If Bitcoin is still up, it's likely going to break to the upside. I'll be long until I see us close outside the bottom trendline.
TSX:HUTLong
by businessjeremy
1