Bitcoin Digest all Fud, now what next - HindiJune23 :#Bitcoin: $btc beautiful jump from Long term Support belt. MACD also turn bullish in 4 hr time frame. One Day RSI also showing bullish divergence. Quick bounce is showing that bulls actively accumulate picked support.. Upper side many small resistance with major resistance at 50 day and 200 day moving average.
China Mining status: Next 15 days will be crucial, Nearly 70% mining firm will be offline by end of this month. Chinese minors already start shifting to other part of world. Some Minors are using 2nd hand machine too for quick start. BTC and eth both hashrate are decline with china mining crackdown. Its still hard to find actual position. But if btc handle 30k support for next 15-20 days, than it will be very bullish once again.
Mining
HIVE listed on nasdaq - more liquidity = price go upHIVE Blockchain Technologies (OTCQX:HVBTF) obtained approval from the Nasdaq Stock Market LLC to list its common shares on Nasdaq's Capital Markets Exchange.
The Company will retain its listing on the TSX Venture Exchange.
Shares +37.5% YTD.
I was buying this thing below a buck so I am happy but we are just getting started.
Sector early indicator? No: Natural Resources, not really.The Natural Resources sector - here represented by BHP (in green) and Rio Tinto (RIO, in orange) - does not generally act as an early indicator against the broader market (here represented by the DJIA in gray, and the NASDAQ in black)... only possibly during the fall in their share prices over Jul and Aug of 2018.
BTCUSDT The Volume is not enough FUD waitingBINANCE:BTCUSDT
It is inevitable.. it is truly programmed ad e are just waiting for them to drop it.
-weekend...
-Monday death
-Fuds are waiting to be released
SHORT and SIMPLE - do not do anything. Get in when there is price rejection...
PATIENCE my brothers. HASH RATE went down after BEIJING FARIMING is stressed by china government.
FIBO? no need just look at the huge supports trade the plan. if you fail wait for retracements we will enter one abc is there... enter B as i always tell everyonne here..
we thought we will not break 36k thats why i made you go out 35.5K but check the coins... alts are not going up so high after 36K it went down intead while sideways or consolidating.
Helium ready to go beyond the stratosphereHelium's halving is about 2 months away and is currently a project quite a few people talk about. Its price chart vs BTC is just incredible and it is probably the best performer since the day before the crash started, and its structure is very bullish and stable across all timeframes. It has been closing above its 2020 ATHs, as well as early April and early May high which is showing that it is very strong.
It's market cap isn't that small, but not very large either. It's current inflation is high but the demand has been strong and the way the rewards are distributed is very interesting. As a project it is quite promising which is a big plus.
Now it doesn't have many listings, but I believe quite a few more listings will follow relatively soon (i.e Coinbase, Huobi, OKex). On binance it might get some extra pairs + isolated margin. It is listed on Binance US and FTX which are quite important too.
The current setup is a very simple on and just as a first target. From here I think HNT could easily double.
charts.cointrader.pro
Bitcoin Elliott Waves & Renewable Energy IndustryBitcoin Elliott Waves plan update.
So Bitcoin strugling to hold and fall down towards 30-ish zone as the possible end of sharp-ABC correction of current cycle (still there is chances for 27-ish).
Possible growth of Bitcoin to new ATH on the radar and might take a few days to develop the bottom before take off.
Despite recent China mining crackdown there is most likely China miners will be fine.
According to btc . top CEO Jiang Zhuoer - only unregulated China miners under treat of crackdown. Those miners who follow China regulations are fine.
Some of the miners indeed will shift facilities to less regulated regions like Central Asia (The region consists of the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan). But this shift will open new markets for China as supplier energy and mining facilities.
Nowadays, China is leading the way in the renewable energy industry, by being the largest manufacturer, exporter, and installer of solar panels, wind turbines and they might want find a new markets across the globe to supply their products.
I expect increased demand in the mining facilities running on renewable energy during Q4 2021 and 2022.
Obviously market change shapes quickly and we have to be aware of uncontrolled risks. Stay focused on the balance of your basket.
Best regards,
Artem Shevelev
El Salvador Adopts Bitcoin - Proof-of-Work vs Proof-of-StakeI've run both mining rigs and am currently running a ETH2 validation node, just because I was curious as to how it was going to work. Here's a side by side comparison between Proof-of-Work and Proof-of-Stake based on my experience.
Also El Salvador adopts Bitcoin as its reserve currency. A big day for BTC!
Technical analysis update: ALB (27th May 2021)ALB broke out of its triangle pattern. It prierced above upper bound which is bullish sign. RSI, MACD and Stochastics are also bullish. Our short term price target is 180 USD per share. Our medium price target is 200 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Northern Dynasty Minerals - H4Northern Dynasty Minerals Ltd. (TSX:NDM)(NYSE American:NAK)
About Northern Dynasty Minerals Ltd.
Northern Dynasty is a mineral exploration and development company based in Vancouver, Canada. Northern Dynasty's principal asset, owned through its wholly owned Alaska-based U.S. subsidiary, Pebble Limited Partnership, is a 100% interest in a contiguous block of 2,402 mineral claims in southwest Alaska, including the Pebble deposit, located 200 miles from Anchorage and 125 miles from Bristol Bay. The Pebble Partnership is the proponent of the Pebble Project, an initiative to develop one of the world's most important mineral resources.
MSLV -- Bonanza gold/silver grades; cheapMSLV presents a very attractive opportunity in the mining friendly district and with gold/silver hitting fresh highs. Fully funded for this year. Strong management which is marketing savvy. Churning through IPO paper but could explode at any moment, IMO.
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Mantaro Silver Corp. Introduces High-Grade Sampling Results from Recent Program at Santas Gloria Silver Property
VANCOUVER, BC, June 2, 2021 /CNW/ - MANTARO SILVER CORP. (TSXV: MSLV) (the "Company") is pleased to provide an update on its high-grade silver Santas Gloria Silver Property, located 55 km east of Lima, Peru. The Santas Gloria Silver Property, which is 100% owned, is comprised of three mineral concessions totaling 1,100 hectares.
Highlights of Santas Gloria Silver Property:
- High-grade Underground Channel Samples of over 10,000 g/t Ag at the Tembladera Vein and over 4,100 g/t Ag at the San Jorge Vein in Mantaro's recent exploration program (see Figure 1 for all silver results of the program).
- High-grade gold of 56 g/t Au at the Kelly Vein in Mantaro's recent exploration program (see Figure 2 for all gold results of the program).
- Approximately 16 major veins and vein splays with a cumulative strike length of over 12 km.
- Planned 7,500 metre drill program for the Tembladera Vein System, San Jorge Vein System, Kelly, Maribel and Paquita Veins.
There are over 12 kilometers of intermediate sulphidation veins and vein splays arranged into a number of key target zones: the Tembladera Vein System, San Jorge Vein System, Kelly Vein, Maribel Vein, Paquita Vein and Rosario Vein. The system has never been drilled tested and exploitation of silver was limited to two areas of the San Jorge and Tembladera veins.
Barrick Gold: Bullseye? 😎😎😎With the current losses in the price for the Barrick Gold Corp. stock, we are perfectly on track to move all the way down under the support at $13.01. There, we will have amazing opportunities to re-enter the market on the long side. If there is no sustainable breakout above $24.95, our primary expectation will remain in place.
Happy weekend!
GDX FORECAST AND COMMENTARY - VANECK VECTORS ETF - GOLDGDX in the buy zone below green line. Stoploss below white line. Profits are lines above. The only thing stopping this thing from going up is the price of gold. I'm personally bullish on gold and recently bought some. Gold is trading pretty high and could absolutely go lower, don't think it can't. I have a good friend who has been buying gold for the last 20 years and he's praying for it go lower, haha. In all seriousness though the Maxx Momentum indicator showed a squeeze to the down side, so it could drop past 31. THIS IS NOT FINANCIAL ADVICE. THIS IS COMMENTARY AND RECORD KEEPING ONLY.
Be safe out there.
MARA One Of The Largest Bitcoin Miners In North America 10% upOn May 24, Marathon Digital Holdings Inc., (NASDAQ: MARA) announced plans to build a new bitcoin mining facility in a binding letter of intent with Compute North.
About the partnership
The new data center will be home to 73,000 OF Marathon’s previously purchased ASIC bitcoin miners as part of a 300-megawatt data center located in Texas.
Marathon will be required to provide Compute North with an 18-month bridge loan of up to $67 million in order to build the facility.
The contract will last for three years and every year the amount will increase three percent thereafter.
It is expected that once all its miners are installed, the harsh rate will be about 10.37EH/s. Moreover, the company’s average mining cost for hosting services, electricity, data center management, and other hosting-related services will be $0.0453 per kWh, and Marathon’s operations will be 70% carbon neutral.
“Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “This agreement sets us on a clear path to becoming one of the largest, most efficient, and most environmentally conscious Bitcoin miners in North America. Additionally, the structure of this agreement is highly advantageous as it allows us to have the necessary infrastructure for our miners built without the capital expenditure, and it provides us with the flexibility to explore alternative locations, should we require them, while mitigating the risk of price increases.
“Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with our long-term objective being to obtain a 100% carbon neutral footprint.”
WIN.V -- Oversold; AI mining target generation similar to SPOT.VWIN.V is currently under pressure from the .06 financing paper that hit the market last week. A large part of it was likely pre-shorted. 65% retrace from the recent highs, RSI hitting oversold levels... it feels increasingly like capitulation.
This may not be the bottom but it makes for a very attractive entry (scaling in) below recent .35 private placement and insider open market buys in the .30s and .40s. The company will have steady news flow during the summer-fall drilling season. They are cashed up for 2+ years (per recent CEO interview). Do not be surprised if it follows SPOT.V trajectory which I called at .13 when it was bogged down by cheap PP paper and that ran up to .90 (7x) on subsequent rebound. Given insider commitment, strong cash position and consistent growth, WIN.V has similar potential, in my opinion.