Btcmining
ISWH$ISWH #bitcoinmining & Telehealth #OTCMarkets #pennystock. The company states that their goal is to become the greenest cleanest $BTC mining operator in USA. I think we can all agree that's important these days.
This is my current count. waiting for more PA. I am long& holding.
I could also count the falling wedge as an impulsive 5 count bearish impulse but would be counter to the massive falling wedge. So I am rolling with this count of 5 waves up and a massive complex ABC correction. I kinda think MMs r waiting for buyers now that the wedge has broken up.
Bullish Flag or Descending Triangle for Hive?Hive appears to have consolidated into a GIANT Bullish Flag or Descending Triangle pattern.
The horizontal baseline of the pattern has acted as support numerous times, and this specific price range has a lot of confluence dating back to early January of this year when it acted as a ceiling resistance before Hive sliced through it like butter surging over $7.00 CAD before selling off.
I have placed green upward arrows displaying three separate support bounces off the horizontal baseline of the pattern formation and red downward pointing arrows where the horizontal it once acted as resistance, inherently bullish considering this same price range has confluence dating back to Nov 2017 and it was acted as resistance back then..
Bullish cross on the KST where I have placed the downward pointing finger.
The DMI is displaying a Bullish twist where I've placed the blue upward pointing finger.
$8.00 CAD price target which is the extension target of this pattern if it plays out bullishly.
ISWHI am looking for this during the next correction.
Follow my analysis as I will update if my bids fill.
HUT - Cup and Handle pattern on dailyThis canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot have less net cash. HUT uses natural gas and Wind farms for energy, so a little cheaper production cost compared to MARA and RIOT. HUT has 3000 BTC inventory, MARA 4812 and RIOT 1053. *I live 2 hours away from their mining facility. Go Bitcoin! :)