COIN bullish Nov option flow oct 11COIN had bullish Nov option flow on oct 11: over 1700 $295 calls , 1900 $300 calls and 2200 $305 calls were bought.
Look for break over $286, as this is previous resistance.
Bitcoin is closing in on all time highs of $64700, but look for a small pullback after this big weekly rise.
I like HUT, MSTR and SI for other crypto stocks too.
HUT
HUT 8 - MARA - KOIN - LEGR - OSTK All above cloud These are the 5 Crypto based Stocks that are above the Green Cloud and or facing the Green Cloud about to move up . On HUT 8 i did the key algo showing the last time it dipped below the cloud and made th is exact same move. It continues to repeat the move for a new higher before dipping below the red cloud again. If all of these stocks are doing the same move I would expect to see these all make a move to the upside. This stock has already taken a Dip to find support. I would make sure to look for a dip before blindly jumping in. its a pivital area if support isnt found it can come down to the last level of support. I would say that if price action drops deeper than this wait for it to come back and close above the 10.70 area before getting back in.
by iCantw84it
10.14.2021
B...T...C... 60...62...K... $HUT $HUT $HUTWhat a better day to talk about $HUT. Lets hike these BTC coins out the roof so we can get into some of these crypto stocks! So we had a gap from a few weeks back when the market dipped. Well we filled the gap and now have opportunity on the upside. We are definitely bullish here alone on the side of crypto, which could only mean good things for $HUT. According to the Fibs this stock should have a break to the 1.618. Pay attention to the direction of BTC and follow the leader. Mining stocks will 50x-100x when BTC 10x's (roughly). Also my advice to you is to get familiar with crypto stocks and companies investing in them they are all about to explode!
THIS IS NOT FINANCIAL ADVICE! THIS INFORMATION IS FOR EDUCATIONAL AND ENTERNTAINMENT PURPOSES ONLY!
$hut (btc miner)i wouldn't personally buy this stock up here, but i will share a follow up post with a really nice trade setup in the coming weeks.
we'll catch it for a 40% discount and ride it all the way up to $26 into the end of this year ~
ps. i have about 15 more of these miner setups that i'll share as we get closer to the day (when btc could confirm to me with strong conviction that this is not indeed a suckers rally, but a real wave 5 impulse).
HUT - Look for 50% Fib extension as resistanceHut 8 Mining Corp. is a canadian based digital asset miner. Look for 50% Fib extension as resistance, $6.82. Right now, Bitcoin is pulling back 1%. Options flow: The Aug 20 expiry, put/call ratio = .11 and Sep 17 expiry , put/call ratio = .05. IV is high with earnings Aug 12th. If you own shares, you can sell puts to capture premium. Good Luck!
DOGE Days of Summer 786 On WatchDOGE ...like many altcoins has gotten beaten up for weeks but over the weekend (unless you're living under a rock), crypto is having a bit of a renaissance, DOGE included. So we took a closer look at some basic levels following a Fib retracement plot and wouldn't you know it, some interesting levels have emerged. Namely the 786 fib has clearly been a sticky area (around $0.27-$0.29). Previously, it was an area of support following the monster breakout earlier this year but now appears to be an area of resistance. Since breaking below the 786 fib, DOGE has now tested this area to the upside twice and, so far, has gotten denied twice. But considering the excitement in crypto and bitcoin stocks chatter over the weekend, it could be something to pay attention to should the bullish sentiment remain in place heading into the week. Keep in mind, you've still got rumors floating about Amazon and it's supposed crypto link:
"Some penny stocks are on fire to start the week. That’s partially thanks to an upbeat sentiment in cryptocurrencies like Bitcoin and Dogecoin right now. This past weekend, rumors emerged expressing Amazon ( NASDAQ:AMZN ) would start accepting Bitcoin by the end of the year...Further rumors discussed that the company would develop its own currency by next year. According to an anonymous source talking to City A.M., 'This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future—this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work.'...Rumors are still just that; rumors. But these were enough to give a hefty spike in Bitcoin, Dogecoin, Ethereum & other cryptocurrency prices. With that has come a slew of momentum into both tech and cryptocurrency penny stocks today...Discussed with Cinedigm Corporation ( NASDAQ:CIDM ), Bit Digital Inc. ( NASDAQ:BTBT ), Hut 8 Mining ( NASDAQ:HUT ), Exela Technolgies Inc. ( NASDAQ:XELA ), Vinco Ventures ( NASDAQ:BBIG )
Quote Source & Read More: Best Penny Stocks To Buy On Bitcoin, Dogecoin Price Action? 5 To Watch
Set...HUT!HUT volume beginning to pick up after its Nasdaq debut. But will it be enough. Even before jumping to the higher exchange, the crypto stock saw clear levels of support/resistance between the 618 and 786 fib levels. With Musk starting to chip about Dogecoin again, it will be interesting to see if we get a crypto reboot this summer.
" Cryptocurrency mining stocks like Hut 8 Mining (NASDAQ: HUT) have gained interest in the market. The company is a digital asset miner, which includes bitcoin. Hut’s focus on meeting certain ESG standards and environmentally friendly operations has helped it gain some added interest. The recent concern, especially when it comes to Bitcoin mining, is the level of energy usage needed & how that could impact the environment. This week the company bought 12,000 new MicroBT miners planned for deployment by the end of the year. 'We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis,' remarked Jaime Leverton, Chief Executive Officer of Hut 8 Mining. "
Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
BABA Breakout?Baba has been rejected from the resistance over 5 times and this time its broken out with higher volume, rsi reaching over 90 on the 1 hour chart and it closed above. Everything here looking like a tech run in July. I suspect it to retest the 224 support and if we see a big drop it still has between 220-215 support now. Looking very bullish imo
HUT got withdrawal syndrome It started off like a bad trip. Someone brought the wrong party goodies and folks started getting ahead of themselves. After the initial thrill wore off someone thought they would gap up and go for broke. The current party is like an after hours club closing "Last call...please would you just leave so we can clean up". Each time they tried to have a little fun the broke the trend, the trend punished them.
Prediction...gap closes, BTC lifts to 90k(cad), new cycle resume, HUT to nasdaq...ATH's by June.
Long HUT 8 MININGHut 8's revenue is EXCLUSIVELY Bitcoin so when Bitcoin is pumping, it's rough watching Hut 8 declining. Anyone who's held this stock for some time, has felt that pain at least a few times. Today was especially frusterating with Bitcoin reaching all new highs and this stock dumping from the open, down 6.17%.
But today's decline was technical in nature. We're inside a triangle and it was testing the lower part of that triangle. We actually went outside of it, which would have been bad if we hadn't closed back inside. Now that we're inside, expect a retest of the upper trendline. If Bitcoin is still up, it's likely going to break to the upside. I'll be long until I see us close outside the bottom trendline.
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! :)
HUT 8 MiningThese are my thoughts on HUT. They are meant to give you an idea, not trading advice.
This seems to be forming an inverses head & shoulders pattern. If this breaks to the upside we're in for some nice gains. Since HUT is a blockchain related stock, it's sensitive to the price of BTC. That's what makes me more bullish.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
HUT will fly when BITCOIN doesHUT will fly when BITCOIN does
not advice but there is a gap at .50 cents to .55 cents
I will put an order in there
HIve, GLXY, Hut 8, Bitcoin. ETHHere's a 1 year chart comparing Bitcoin in the yellow, Hut 8 in the Red, Hive in the Green, ETH is the Blue Line & GLXY the Purple line, the 200 Day MA is the Black line.
It's possible this parabolic rise in Hive is correlation coming back between Ethereum & Hive, it would possibly explain the uptick even when ETH is red.
Double Top?It appears as though HUT is being met with some tough resistance, which is exactly where HUT capitulated in Nov 2018.
More pain may be ahead, Hut may see a Huge dump off. No correlation to BTC at all today, that's shady!