Crypto vs Crypto mining stocks
Updated
Analysis for entry;
*MFI crossing & staying >50
* MACD cross 10/40 day as early signal, like other signals with it
* Volume trends (bottoms and movement, peaks)
* CCI crossing 0 or bottom -200 or more
* EWO (Elliot Wave Oscillator) using simplified crossing into green - red and bottom/top
* Comparison of BTC volume, price - baseline
* Compare on same %scale other top mined/ validated crypto currently (ADA, ETH, USDP, LINK, TETH, etc.) naming a few - could be others mined.
Crypto mining stocks could become profitable with BTC split in April 2024 if price increases with market split and highest value to mine. Many are holding their mined earnings until then, which could be a make or break scenario. 2019-2021 was a boom bull market for crypto mining stocks, which cycled again in 2022 and has dropped and starting to regain.
Mining stocks can easily be held in Roth IRA, IRA, and private accounts without a crypto wallet and all the management coming with such to secure your investments. 2019-2021 showed a benefit owning mining stocks for some, while crypto offered extreme risk reward and loss, as all experienced since last year, unless always short short in the market for 1-2% monthly gains. Many approaches. Remain vigilant to make growth and don't assume things. AI algo's will eat us alive if we let them, as they're in short short hell be damned for 99%.
This is not stock investment advice, please make own decisions and accept own risk and reward investing. Like, comment, advise, open to other idea's and feedback.
#ARBK #ARBKN #BITM #CAAN #CIFR #DMGGF #GLXY #HIVE #HYMC #HUT #MAR #RIOT
*MFI crossing & staying >50
* MACD cross 10/40 day as early signal, like other signals with it
* Volume trends (bottoms and movement, peaks)
* CCI crossing 0 or bottom -200 or more
* EWO (Elliot Wave Oscillator) using simplified crossing into green - red and bottom/top
* Comparison of BTC volume, price - baseline
* Compare on same %scale other top mined/ validated crypto currently (ADA, ETH, USDP, LINK, TETH, etc.) naming a few - could be others mined.
Crypto mining stocks could become profitable with BTC split in April 2024 if price increases with market split and highest value to mine. Many are holding their mined earnings until then, which could be a make or break scenario. 2019-2021 was a boom bull market for crypto mining stocks, which cycled again in 2022 and has dropped and starting to regain.
Mining stocks can easily be held in Roth IRA, IRA, and private accounts without a crypto wallet and all the management coming with such to secure your investments. 2019-2021 showed a benefit owning mining stocks for some, while crypto offered extreme risk reward and loss, as all experienced since last year, unless always short short in the market for 1-2% monthly gains. Many approaches. Remain vigilant to make growth and don't assume things. AI algo's will eat us alive if we let them, as they're in short short hell be damned for 99%.
This is not stock investment advice, please make own decisions and accept own risk and reward investing. Like, comment, advise, open to other idea's and feedback.
#ARBK #ARBKN #BITM #CAAN #CIFR #DMGGF #GLXY #HIVE #HYMC #HUT #MAR #RIOT
Note
BTC dropping to 23K and await crypto miner stock entry watch. Top 3-5 when it bottoms. When BTC goes over 35K they really start to make money, so simple approach to crypto/blockchain fintech.
Disclaimer
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.