BTC has been on a tear the past couple of weeks and the miners are set to follow.
The two most bullish miners are HUT and RIOT for this next move.
I think the most probable scenario from here is to break above the trendline into one of the first two resistances. Then we consolidate before a final move up into the $64 resistance.
Let's see how it plays out over the coming weeks.
The two most bullish miners are HUT and RIOT for this next move.
I think the most probable scenario from here is to break above the trendline into one of the first two resistances. Then we consolidate before a final move up into the $64 resistance.
Let's see how it plays out over the coming weeks.
Note
Cautious here. Looking like we'll see a pullback.Note
Despite price holding the trend line here, I still think there's risk of falling below it later in Feb. Settings stops below the Jan 28th low probably a good idea.Note
Yep, idea was right. Going lower. Upside targets still valid, but it's going to take time to get back up there.
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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.