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Blockchain Companies: Expectation vs RealityCryptocurrency bubble? When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality. It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow. The question is: to what extent has the market already priced in these negative results? Would there be more room to fall? Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area. I'm not optimistic about this data, unless there's something that only I didn't see. What is basic EPS? Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics. (TradingView) -------- Companies analyzed: Marathon Riot Blockchain Hut 8 Mining Coinbase Bitfarms BitNile CleanSpark Core Scientific Argo Blockchain Canaan Hive Blockchain Digital Bit Galaxy Digital BIT Mining Valour Ebang Greenidge Iren The Blockchain Group TeraWulf -------- ETFs analyzed: Proshares Bitcoin Strategy Grayscale Ethereum Trust Grayscale Bitcoin Trust
NASDAQ:MARAShort
by andre_007
Hive (HIVE) - July 26hello? Welcome, traders. If you "follow", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (HIVEUSDT 1W Chart) The key is whether the 0.4495-0.5310 zone can support and rise. (1D chart) Primary resistance: 0.6823 Secondary resistance: 0.9310-1.05 1st support: 0.4495-0.5310 2nd support: 0.3015-0.3638 The key is whether it can find support at 0.5310 and break above the upper end of the Bollinger Bands. ------------------------------------------------------------ ------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry through split trading. It is a short-term investment perspective.) ---------------------------------
by readCrypto
Hive Grows 80%+ With Room For More...HIVEBTC has grown over 80% in just the last three days... We are seeing many altcoins starting to wake up. We can assure you this is only the beginning, we are still at low/bottom prices all across. Here is the long-term chart for HIVEBTC. We show this pair because it is easy to see how things are starting to turn. This week HIVEBTC moves and closes above EMA10, EMA21, EMA50 and EMA100. Above EMA50 we have a bullish market. In a bullish market, we see higher highs and higher lows. It will take weeks to develop but eventually it will be clear; That here is more to come. Namaste.
Long
by MasterAnanda
2
HIVEUSD Rejected on the Resistance despite the huge rise.Hive (HIVEUSD) has been trading within a Channel Down ever since its November 26 2021 market top. Despite the impressive rise of the past two days, it not only remains within the Channel but also is getting rejected on today's candle on the Resistance formed of the June 07 High. The last time we saw a similar rejection pattern was on April 02 and that rejection started the sharp correction that led to the May 12 low. See how both patterns share the same characteristics of Support and Resistance Zones on double contacts before breaking. Even the RSI sequences are identical. As a result, until the Resistance breaks, the trend remains bearish within the Channel Down. The 1D MA200 (orange trend-line) is falling since early June, so on a 1 month horizon we may see it trading on the Resistance level and finally break, assuming the Support holds. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
BINANCE:HIVEUSD
by TradingShot
Update on weak hive buy signal from yesterdayYesterday I published the weak BUY signal from the hive. I'm surprised to see that the target was met by 81% Signal price: 42,536 USD Original target (ATR): 43,600 USD Top price: 43,392 USD 200 dollars away from meeting the original target. As I said it was a weak buy signal but it's incredible that it still almost nailed it! The signal only used a count of 5 divergences in the past 4h candles but normally I take seriously only above 7 divergences for bull signals especially if we are in a bear market. On a bull market you can do the opposite, relax the number of bull divergences to trigger and increase the bear ones: it's the way trend biased markets work.
by TheTradingParrot
Hive bullish is firing a weak buyI tend to use the bull hive counting 7 divergences before firing buy. But I’m a human being and I’m curious how many are we counting now so far because we still don’t get any buy signal. In this chart I’m relaxing the hive to only 5 divergences and you can see that it’s printing buy signals more frequently. Obviously you can’t expect 5 signals count to be stronger than 7 but interestingly 5 was all that was needed to pop the price in the last 3 times. So I’m treating it as what it is: a weak 4 hour buy signal. Maybe un the next few days it might get invalidated or….it might finally count 7 divergences and trigger a strong hive buy signal. Needless to say a daily strong buy would be a dream entry, but technicals are not there yet. Always remember, technicals is only one aspect that can explain price action, there are many more so don’t ever use them for an all in bet or anything close!
Long
by TheTradingParrot
1