not everyone can be a winner in the bitcoin bull market. this miner is experiencing a clear uptrend due to higher crypto value. since noon btct has struck an equillibrium with 15 minute higher lows and lower highs. i expect this to break and into the upper $13s if above pivot, or lower $11s if below. daily i expect this stock to turn around back to bear again, even if it maintains the weekly uptrend. im looking at shorting this to $5.39 if we dont breakout on the 4hr chart. stock ahould set a weekly higher low in continuation even if bearish daily.
Note
my reasoning with this is that anything down 99% since inception and up 1000% in a small recent space of time is bound to give up a lot of those gains. it shares no special relationship proportionally to btcusd which im still bullish on.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.