BTBT Just an idea of things I created this Picture in my Technical Ananlysis class I did for friends. I created the Flat Bottom run up tool for a good support trend line up and exit. I love how this tool gives perfect exits as you see. I figured there would be no volume at that level and was due for a correction so I created a Triangle Drop pattern for the retrace. This gives me a breakout resistance trend line down and a support drop bounce in the lower part of the triangle. I added a channel curve to trajectorize my movement. I created the Double Top Sentiment incase there was no Vol for the Head N Shoulders within the channel to initialte. Two possibiliies but always prepared. Hope you like the art
Miner
DPW Ault Global Holdings 1050% growth Y/Y | Crypto play! Q2 2021 Revenue of $62.1 Million, up 1050% From Q2 2020
Q2 2021 Net Income of $42.2 Million Vs $1.4 Million Loss in Q2 2020
Total Assets of More Than a Quarter of a Billion Dollars ($259.1 Million)
Revenue from cryptocurrency lending and trading activities of $53.3 million!
Revenue from cryptocurrency mining of $291,000.
DPW Ault Global Holdings has 1,000 miners!
Net income: $42.2 million - largest quarterly profit in Company history!
Cash of $105.4 million
Marketable securities of $30.2 million
Other investments of $81.5 million
Total assets $259.1 million
DPW Market Cap ONLY 118.463Mil
My price target is 11usd.
When was the last time you saw such a strong quarter in a company compared to its mk cap???
Strong underlying momentum in Precious MetalsMy 5-7 year outlook. Amazing fundamental and technical picture for precious metals and for the gold & silver mining companies. They are very undervalued relative to the underlying metals they mine and the fundamental picture gets better and better. They're growing cash flows and making very large margins of over 35% on average. Inflation is here and the Federal Reserve & Government are trapped with rates near zero as the economy is beginning to roll over. Large debts of over 130% Debt/GDP necessitates interest rates remaining capped (Fed funds below 2% for at least 6-10 years). Fiscal spending to grow the economy with yield curve control and currency devaluation to devalue the debt load with ignite a commodities and precious metals bull market and cycle that hasn't been seen since the 1970s.
$FCC perfect bounce on the edge of the Arc.First Cobalt just proved the validity of the arc with a nice bounce out of a bullish pennant. We could be looking at a quick 3 bagger here.
UUUU top out at 10Update to my UUUU chart. I last posted a while back before breaking out of the wedge where I proposed repositioning if we failed to break and challenge the red trend resistance.
Since we have broken the wedge to test the RED. The RED was stiff and we will now retrace the move since April. This part of the wave structure would usually retrace shallowly, but I present the deepest possible retrace will test the 50 dMA.
Once the retrace is complete we could test the RED resistance. If broken we test 10. If fails, we probably sideways until true spot market moves, potentially nearer September.
My last entry was at 5.57 and a strong push to 10 would be 80% before considering a reposition to somewhere lower in the channel (As per the previous post)
5x Crypto Miner ASX Trade IdeaRegaining the 200D MA after a slow bleed may signal the over-extended first wave has been flushed out. DYODD.
I have a position @~.81 which may show that I have been following this for some time.
This could be a 5x, but will monitor the connection and correction at the top of the monthly channel for weakness/follow through.
Just an idea, not advice, crypto can be volatile to both sides.
OIII rising to key resistance. Support on bottom of channel, target around 3.00 before testing 100 week MA and upper channel. Great company, great resources, very strategic. Very solid long term hold IMO.
TSC Twenty Seven ASX GoldSuperbull ready to break out of consolidation and pennant after 6 years.
Good divergence on RSI above 50 daily and MACD crossover above moving averages on daily. big potential on this one
Group now online following spec gold / silver miners for this new bull market. DM me for details
NCZ Gold Miner ASXBuy area in green T2 60c.
Good divergence on lower timeframes, possible retest of low and 50daily MA.
Group now online following spec gold/silver miners for this new bull market. DM me for details
bitcoin miner capitulationThe analysis is based on the price floor of bitcoin production in China
in these calculations only power consumption is considered to achieve the lowest possible state and we Ignore other expenses such as hardware costs and maintenance , etc...
The purpose is to examine the impact of mining on bitcoin price
Some believe that if the miners leave the network, difficulty will be adjust and the network will return to normal. This is completely wrong
Imagine an example that, like the recent bitcoin drop, price fall below $ 2000 in one day. In this case, the majority of miners turn off their hardwares , hashrate will drop a lot , Because of this, block time goes up dramatically
Network difficulty is adjusted once every 2016 block (2 weeks with 10 min block time ) , So when the block time goes up , We should be involved in tuning the network difficulty for about a month or more , It can be said that the network will be severely disrupted , Whether in terms of transaction fees or in terms of transaction speed and confirmation of transactions
It also makes that The speed of bitcoin delivery to the market Go down sharply , That can be a factor in raising price
So the market always reacts to certain price levels , So miners don't get out of the network quickly
here is top 2019 asics the average electricity price for dry season in china is ~ 5 cent for large farms ( + mw ) :
formula : Days to create 1 btc * daily electricity cost = electricity cost of creating 1 btc
antminer S17+ 73: ( 3.50 * 833.7 ) = 2917 $
antminerS17+ 67: ( 3.22 * 895.32 ) = 2882 $
antminer T17+ 55TH : ( 3.30 * 1106.52 ) = 3651
innosilicon T3+ pro 67: ( 3.96 * 908.33) = 3596 $
Avalon 1166 68 : ( 3.84 * 894.98) = 3436 $
whatsminer M20S 65: ( 3.74 * 936.28 ) = 3501 $
antminer S9 SE 17TH : ( 1.63 * 3579.91) = 5833 $
2020 upcoming asics :
Antminer S19 Pro 110 Th/s 3250w
Days to create 1 btc * daily electricity cost
590.87 * 3.90 = 2304 ( china dry season )
Whatsminer M30 88Th/s 3344 w
738.59 * 4.01 = 2961 ( china dry season )
After halving cost will be *2 because number of days to create 1 btc will be double
so i showed how levels will be after halving on the chart , even 2020 asics suggests that price should stay up after halving
You can read more about how the electricity cost is calculated and US cost calculation at google docs link below ,
google docs
i believe that usa is big part of miners , as you know bitmain also launched +50 mw farm in texas