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First Majestic: Room for Maneuver 🤏First Majestic is still wading through the turquoise zone between $12.36 and $6.89 to finish wave 2 in turquoise. To achieve this, the course still has got some room for maneuver – at least until the bottom of the turquoise zone. However, it also might have already completed the current movement, thus continuing the ascent. As soon as that is the case, we expect First Majestic to climb out of the turquoise zone, heading for the resistance at $19.41. There is a 45% chance, though, that the course could drop out of the turquoise zone and slip below the support at $5.30. Should this indeed happen, the share should develop a new low in the form of wave alt.2 in green near $2.91.
TSX:AG
by MarketIntel
Newmont: Flirty 😉Newmont is flirting quite heavily with our alternative scenario, moving closer and closer to the support at $37.45. By now, it is touching the upper edge of the yellow zone between $42.50 and $23.41, on the verge of slumping deeper. There is a 40% chance that the course might do so, dropping below the support at $37.45 to develop wave alt.(2) in yellow earlier already. However, primarily, we still expect Newmont to turn upwards first to head for the turquoise zone between $67.68 and $80.84. There, the share should place the top of wave B in turquoise before starting a fresh downwards movement, which should then lead into the yellow zone and thus below $37.45. Beneath this mark, Newmont should complete the overarching descent in the form of wave (2) in yellow.
NYSE:NEM
by MarketIntel
UPDATE Sibanye short going nicely target still to R35.77SSW Update The M formation formed nicely, broke below the neckline. The price is coming down as the supply increases and the momentum is still down. 7<21<200 RSI<30 Target remains at R35.77 ABOUT Sibanye-Stillwater (founded in 2013) is a mining company based in Johannesburg, South Africa, that specializes in precious metals extraction. As a spinoff from Gold Fields Limited, it has since grown to become one of the largest mining companies in South Africa. Sibanye-Stillwater operates four gold and platinum group metals mines in South Africa, as well as mines in Zimbabwe and the United States. Sibanye-Stillwater has a workforce of approximately 84,000 people across its operations. Also. it has interests in platinum recycling and other metals processing.
JSE:SSWShort
by Timonrosso
Future of RIO, BHP and the sectorI have had a pretty large position in RIO and BHP since end of July 2022, I bought expecting the market to recover and for copper/iron demand to jump from the re-opening of China and the rest of the world. These positions have given me quite the return with their pretty high yields. Having said this, we can see that the steam from the market's comeback has slowed down, copper, iron and ore prices in general have met some resistance and both RIO and BHP have taken a step back from their highs. I don't think there is much more gain to be made with these stocks even though their structure and their fundamentals are highly attractive. I like to invest in one sector at a time, trying to spot which one will be the next to glow up. I think the mining and refining sector has had it's run. Therefore, I'll most probably be exiting my positions in both these companies after collecting dividends and the most probable upside from the upcoming earnings. Extra: I am mostly exiting my position because of what I said above, but I've slowly started to consider the rising tensions between China and the western world. Though sanctions would be an economical blunder for everyone in play, having your biggest consumers be in a cat fight is certainly not preferable for business.
NYSE:RIO
by mikamaster_
Fresnillo: Getting Down for Business 👇Since the end of wave B in turquoise, Fresnillo has been continually getting down for business. And the share should keep going as we expect it to march below both the supports at GBP 610 and at GBP 456.60. There is a 35% chance, though, that the course could turn upwards and climb above the resistance at GBP 997 instead. In that case, Fresnillo should enter the turquoise zone between GBP 1085.80 and GBP 1292.80 to develop a new high in the form of wave alt.B in turquoise before moving southwards again.
LSE:FRES
by MarketIntel
$BTC/USDT 12h (#Bybit) Ascending trendline retestBitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick. Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA. ⚡️⚡️ #BTC/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (7.0X) Amount: 6.8% Current Price: 23776.0 Entry Zone: 23809.5 - 24317.5 Take-Profit Targets: 1) 22860.5 2) 21954.5 3) 21049.0 Stop Targets: 1) 25070.0 Published By: @Zblaba
Short
by TradingOn
$LTC/USDT 3D (#Bybit) Descending trendline breakout & retestLitecoin regained 200MA Daily support and seems ready to head back up towards 100EMA. ⚡️⚡️ #LTC/USDT ⚡️⚡️ Exchanges: ByBit USDT, Binance Futures Signal Type: Regular (Long) Leverage: Isolated (1X) Amount: 9.1% Current Price: 62.63 Entry Zone: 61.18 - 54.30 Take-Profit Targets: 1) 72.98 2) 84.46 3) 95.93 Stop Targets: 1) 44.99 Published By: @Zblaba Risk/Reward= 1:1.2 | 1:2.1 | 1:3 Expected Profit= +26.39% | +46.28% | +66.14%% Possible Loss= -22.08% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 1.7x Estimated Gain-time= 3-5 months #LTCUSDT #PoW #MimbleWimble #Blockchain #Dino #Mining Websites: litecoin.org litecoin-foundation.org
Long
by TradingOn
2
$XMR/USDT 2D (#Bybit) Symmetrical triangle breakdown and retestMonero has pulled back to 100EMA resistance where a rejection would make sense. ⚡️⚡️ #XMR/USDT ⚡️⚡️ Exchanges: Binance Futures, ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (3.0X) Amount: 5.9% Current Price: 149.70 Entry Zone: 149.65 - 157.95 Take-Profit Targets: 1) 133.15 2) 117.65 3) 102.10 Stop Targets: 1) 171.05 Published By: @Zblaba Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0 Expected Profit= +40.28% | +70.51% | +100.85% Possible Loss= -33.65% Fib. Retracement= 0.441 | 0.618 | 0.883 Margin Leverage= 3x Estimated Gain-time= 1-2 months Tags: #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork Website: getmonero.org Contracts: #Mainnet #Secret
Short
by TradingOn
2
TRX: Positioned for Significant Growth in 2023TRX Gold Corporation has long been suppressed along with other junior miners. As anyone who has invested in junior miners over the years knows, the bear markets in junior mining stocks are often brutal, with 80-90% drawdowns. When the bear market ends, however, the asset price has been so suppressed that it can easily spike 1000% or more, as the valuations have, by then, become so absurdly low vs the measured resources in the ground. TRX has many great things going for it, which are not yet reflected in the stock price. • The company had long been starved for cash and was forced to issue shares into a down market to fund its development and continued operations. This has placed downward pressure on the stock price along with sector-wide bearish pressures. • The company has completed and fully commissioned its 1,000 tonne per day processing plant. It is now in full operation. With this plant, the company is now making all the money it needs to fund its operations at the Buckreef mine. No more cash burn or share issuance will be necessary to build a future for this company. A turning point has been reached. • Gold recoveries using new processing plant are 90%, so they are making good use of the resources they're extracting. • The exploration drilling at the Buckreef site is continuing to show that the resource may be much larger than originally thought. • The TRX share price may be breaking out of the recent down-trend. • With the processing plant in full operation from the beginning of 2023, the company is going to have a tremendous amount of cash to work with, to keep developing the company. Every new investment will lead to even more growth in the company. • The Buckreef resource has 43-101 resource of over 20,000,000 ounces • Q4 2022 Cash costs of only $560 per ounce of gold with gold trading around $1700-1800. The company has consistently delivered on the promises of the current management team and likely will going forward.
AMEX:TRXLong
by chriscase
December 26 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart Bitcoin has been on a downward trend since it fell from $69,000 to the present without a decent rally. Bitcoin is currently in a low volatility range for a long time, and has yet to see a major upward or downward trend. If BTC can pull back $18, 500, then there is a reasonable chance that the decline will be reversed and a choppy climb will follow. However, there is not enough liquidity in the market for the Christmas holiday, so the cryptocurrency is still down. Today’s Cryptocurrency Headline Bitcoin Mining Companies Have Racked Up $4 Billion in Debt This Year Bitcoin mining companies have been struggling under the weight of a year-long bear market, with collective debt expected to surpass $4 billion by the end of 2022, according to a report from Hashrate Index. The worst case is Core Scientific, which owes $1.3 billion to creditors and has filed for Chapter 11 bankruptcy. Marathon Digital owes about $851 million, but most of it is convertible notes, meaning its creditors can exchange them for stock in the company. Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
by BingX
1
BITF will pump hard (but not yet) - 270 % profitBITF similary to other bitcoin mining stocks has been in a downtrend since 2021. Bitfarms Ltd., founded in 2017 and is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop to retest lows from 2020 and next the accumulation phase before the explosive move up. RSI on weekly is already pretty oversold but taking into an account bearish sentiment overall, most likely we see one more drop. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover fast. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating BITF may be a good idea too. Good luck
NASDAQ:BITFLong
by vf_investment
BITF cyclical trade/investment (3-5 years)There a strong probability that the price can break lows $0.28 lows. But buying at these prices unleveraged is still great opportunity. In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow knew it was underpriced and that it had upside potential. As usual the crowd is often wrong. Always a hard pill to swallow for them... (no bullish sentiment in terms of price action) There's a lot of uncertainty surrounding bitcoin miners and many are not able to keep up with how things are going. The risk are undoubtedly high and reward is EXTREMELY high... If they are able to manage this and survive. Obviously, the need to keep up to date with the crypto market and this stock is needed to determine if the risks are not worth the investment. example -> If something occurs with BITF and they seem to be going the wrong direction and if BTC drops extensively. I highly doubt that though seems like the majority of the pain and washout has been done and those who got burned left and those who survived will thrive. Mostly leaves it how macro develops and when it will allow BTC to thrive.
TSX:BITFLong
by Mecka
Is BTC profitable?The price of bitcoin is falling. At the same time, the price of mining is growing. How does this affect the market? History In December 2017 , the price of bitcoin was greatly inflated. And mining was a very profitable business. At that time, mining one bitcoin cost around $840 , and bitcoin cost $18700 on the market. It was a really good deal, everyone started mining. As we remember, the market and market prices tend to balance and soon in December 2018 , bitcoin fell to a price equal to the price of mining. After that, the lateral movement began. As we know, positions usually accumulate at this time. Manners, who did not stop mining, accumulated bitcoin on their wallets, because the price was unattractive for sale. Soon, the price went up again, reaching inflated values, after which it again headed to equilibrium and fell to the real mining price. All these are rough numbers, but I think you've caught the logic. Now the price of bitcoin has fallen below what mining costs. Recent news has shown that now it has become as difficult as possible to engage in mining. New York became the first federal state of the United States to adopt a law temporarily prohibiting the mining of cryptocurrencies within its borders. Now that everything has become so difficult and unprofitable, all newcomers are likely to flee the market. And when everyone runs away, what should I do? And what do you think about cryptocurrency now? Is it worth buying? or is it worth selling?
by UnknownUnicorn15614419
20