ARB
Arbitrum Ecosystem Narative I have bought $PLS and he did 2x from 16 March (When Arbitrum release $ARB token)
ARB.ASX_ATH Breakout Trade_LongENTRY: 48.13
SL: 46.50
TP: 51.10
- ADX>20
- RSI<50,RSI<70
- Daily RS +ve
- Daily FFI +ve
- Daily MACD +ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- MAs are aligned.
- Breakout of down trendline on 15 Jul 2021 with good volume.
- Retraced on lower volume to 50% Fib. level before buyers coming back in on 28 Jul 2021.
- Breakout of ATH on 11 Aug 2021 with good volume, and entry based on this.
- Looks like earnings announcement is coming soon, and automotive sector is doing well globally. Hence, would expect a good earnings result to push the price higher.
$ARB $BTCUSD Comparison Lowering expectations for ARB. Seems that this level for ARB is correct when $46k BTC. Historically ARB has traded here when BTC was at $46k, with one time being much higher. Would suggest that BTC reaching previous ATH would put ARB at around £2, not reaching historical highs. Of course other factors could trigger a better return on ARB from here.
Ok ARB...hear me out!Look what we have here, an OTC stock that....mines crypto? Must be crazy right? We have seen RIOT and MARA take off, but why does this look...stuck?
Answer: Hidden Gem that is due for that cataclysmic lift off. OTC makes it hard to get in for all the retail traders to gobble up and leverage to all sorts of margin calls. On top of some dilution to pay for operating costs (HODL that BTC).
TA we see it holding the 50 SMA very well and we are seeing a very very low volume area as traders wait for the crypto market catalyst to break all resistance currently being the 20 SMA and the trendline. RSI is flat, neutral, ready for a little action. Getting tight with room down to $2.60 (having cash ready for that potential dip!)
The thing I must mention here is, there are solid underlying fundamentals due to the crypto market. This play is highly dependent on BTC doing well, and guess what, the bull run is still going and the possibility of a supercycle looms (personally super bullish on BTC HINT HINT). What does this have to do with ARBKF? Well this little stock MINES BTC. And lots of it. Highly efficient, renewable energy powered, mining experts. 320 acres acquired in Texas. Superb hash rate. Numbers mined increasing and gigantic profit margins. I didn't come here to shill, but this little stock still has lots of room to run and is a great choice to add some leveraged crypto exposure to a portfolio.
Oh yeah, NASDAQ listing maybe soonish?!?! *Insert evil laughter*
-Pump
*This is the rambling of a mad man in Moes. Not financial advice. I (Pumpkin) hold shares in ARBKF
ARBKF (ARGO BLOCKCHAIN) Crypto Mining
Cryptocurrency mining is the process of verifying transactions and adding new blocks to a blockchain ledger. Each new block of transactions has a complex mathematical hash function associated with it that requires significant computing power to solve. The miner who solves the function first receives a Bitcoin reward for supporting the network and adding a new block to the blockchain. A higher mining hashrate corresponds to increased mining success.Propelling the Future
of Blockchain
We are the only cryptocurrency mining company listed on the London Stock Exchange.
Argo is a publicly-traded blockchain technology company focused on large-scale cryptocurrency mining. Join us to invest in the future of money.
LEARN ABOUT ARGO
Argo is a publicly traded company on the main market of the London Stock Exchange (LSE).
The Power of
Blockchain
Verification & Security
Blockchains operate on decentralized networks of users around the world and transactions are secured by complex, cryptographic code. Each transaction undergoes a verification process. This verification protects users from the risk of fraud at every stage of the transaction, even after a transaction is complete. Once a transaction is added to a blockchain it cannot be reversed.
Transparent Smart Contract Fulfillment
Smart contracts allow any two parties to execute a binding agreement without the need for a third party. Transactions can be made with complete transparency and security, protecting both parties throughout the entire process. Smart contracts possess enormous potential to revolutionize the way we exchange goods, services, and information throughout the global economy.
Ease of Transactions
Blockchains offer secure, fast, and cheap transactions for people around the world. This has broad implications for the way money and goods are exchanged throughout our economy. From eCommerce to p2p transfers and global payments, the blockchain processes transactions without requiring people to have to rely on a financial institution or other third-party organization.
Reduced Barriers in Emerging Markets
Blockchain technology bypasses many of the limitations of our traditional financial system. Privately held institutions are privy to corruption, especially in developing economies. Blockchain provides an avenue for people in emerging markets to gain access to stable currencies, fast and secure transactions, and enter the global market without bureaucratic hurdles.
31MW
Active Mining Power (megawatts)
Argo’s energy-efficient mining facilities are located in North America.
787PH
SHA-256 Hashrate
This capacity ranks in the top-tier of global mining operations, around 0.6% of the world’s Bitcoin mining network hashrate.
280MS
Equihash Rate
Equihash is the algorithm used to mine ZCash, a popular alt-coin. 280ms is approx 5% of total worldwide ZEC hash power.
What We Do > Our Facilities
Argo mines from established jurisdictions at state-of-the-art facilities in North America. Argo has allocated its resources in search of adaptable and highly efficient data centres. The combination of inexpensive hydropower from North America and the best machines on the market has allowed Argo to continue to be profitable, even throughout cryptocurrency downtimes.
Ownership:Leased
Energy Source:Majority Hydroelectric
Power Capacity:35 MW
Coins Mined:Bitcoin, Zcash
Baie ComeauGatineau
R&D plays an important role in the company’s ongoing innovation and mining operations. In early 2018, the Gatineau facility oversaw the creation of Argo’s initial GPU mining systems and continues to support ongoing technical developments.
Baie Comeau is a 40,000 square foot state-of-the-art facility in Northern Quebec
Mirabel
Mirabel is a 20,000 square foot facility with 5MW of capacity. As Argo’s first large-scale facility, it continues to significantly contribute to ongoing mining operations.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
Argo Blockchain plc shares are traded on the London Stock Exchange Main Market.
The Argo Blockchain plc ticker code is ARB.
As of today’s date, the total issued share capital of the Company is 309,040,997 ordinary shares of £0.001 each.
No securities are held as treasury shares. There are no restrictions on the transfer of shares.Argo Blockchain plc is incorporated under the laws of England and Wales under CA 2006. The Company, registered number 11097258, is subject to the City Code.
First Investments Holding Ltd Ordinary Shares: 41,100,000 % of Share Capital: 13.99%
Hadron Capital Ordinary Shares: 13,548,000 % of Share Capital: 4.61%
Trium Capital Ordinary Shares: 9,750,000 % of Share Capital: 3.32%
Ironport Blockchain Financial Inc. Ordinary Shares: 9,000,000 % of Share Capital: 3.06%
Peter Wall Ordinary Shares: 570,000 % of Share Capital: 0.19%
ARB potential brake outLooks like ARB might see new highs again. That could happen if a bullish brake-out occurs from the descending triangle pattern that has occurred since the last high.