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$BTCM great risk to reward ratio 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management Recap: My team took profit and ran away with a 34% gain from $BTCM just a few weeks ago. Price has dropped significantly since then and looks ready to pop. My team entered Bitcoin Mining Company $BTCM today at $.67 cent per share. Our first take profit is $1. We also have a stop loss set at $.615. This company is a standout from other Bitcoin mining companies. It doesn't exactly trade the same as the others due to China relations, but with investors now eyeing investments overseas this could become a goldmine soon. OUR ENTRY: $.67 FIRST TAKE PROFIT: $1 STOP LOSS: $.615 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
Pan American Silver: Exciting!The tension is building! Pan American Silver is getting closer to the middle of the blue zone between $21.88 and $13.94, where it should ideally complete wave (ii) in blue. As soon as this is done, Pan American Silver should turn around and move upwards, heading for the resistance at $40.11. A 38% chance remains, though, that the price could drop through the blue zone and below the support at $10.61, thus initiating further descent below the next support at $5.38.
P
by MarketIntel
Blockware Intelligence NewsletterBlockware Intelligence Newsletter Summary (for week 7/4 - 7/8): The equity indexes have seen a strong bounce this week, much of which has stemmed from short-covering as we can see with QQQ’s Aggregate Short-Interest. While it’s certainly possible that this is the market’s bottom, there are a few areas close overhead that could turn into resistance in the coming sessions. Fixed-income securities began to sell off again this week and the 2/10Y yield spread flipped negative for the second time in 2022. The Atlanta Fed has continued to lower their Q2 GDP estimate and it now sits at -1.9%. As discussed last week, unemployment data does not back the thesis that the US is currently in a recession. Bitcoin is 31 days into a miner capitulation according to the hash ribbon metric. The end of a miner capitulation historically marks a bear market bottom. Updated: Miner Network Breakeven Distribution Table and Chart Mining difficulty is trending down, but not at the same pace as the China mining ban which was unprecedented.
Editors' picks
BITSTAMP:BTCUSD
by BlockwareSolutions
8
First Majestic: Should I Stay Or Should I Go?“Darling, you’ve got to let me know – should I stay or should I go?” This song by The Clash seems to be sounding in the background while First Majestic is thinking. As it has already reached the ideal target point for wave 2 in turquoise, the share price could directly go upwards now, rising above the resistance at $19.41. Likewise, it could stay to finish wave 2 in turquoise a bit deeper in the turquoise zone between $12.36 and $6.89. However, there is also a 45% chance that First Majestic could drop below the support line at $5.30, thus activating further descent.
TSX:AG
by MarketIntel
1
Ethereum we have been here beforeThis idea is based on a crypto winter of approximately 12-months. There are all kinds of real possibilities and many depend upon a 4-year in the works upgrade to remove mining and replace it with proof of stake. Many are still invested in this software project and have steady diamond hands at the moment. Assuming the winter is only a few more months is short-sighted. The US financial markets are in a long-term downward trend and do not look to be recovering until 4th quarter or 1st/2nd of 2023. The crypto markets have a long way to fall from here, I don't see Bitcoin suffering as much of a flush but it will all be down until the longterm trend is bucked.
Short
by SHOOZCOIN
FIRST MAJESTIC SILVER - PRESSURE BUILDINGThis is a weekly chart of AG, First Majestic Silver Corp. I like to call this pattern a giant compression wedge - it's just a simple descending triangle. But considering this is on the weekly timeframe, it's a mammoth-sized wedge. I like the pattern but I really like the company. I'll try to focus on the technical analysis, but First Majestic looks incredibly well positioned for what's unfolding in the metals market. They have their ducks in a row. If you follow my ideas, then you'll know how I feel about precious metals. I believe we're facing a perfect storm that will propel precious metals & miners to incredible levels. The monetary circus, supply & demand, inflation, gold:silver ratio, and the commodity cycle are just a few of the ingredients in the recipe. I'm torn about direction. Equities, the dollar, precious metals, and the miners are in a pivotal place. The dollar looks like it's trying to find a bottom. It's possible that the metals, miners, and equities get pushed down hard again.. potentially another crash. Having another crash in equities, metals, miners, etc.. would be my preferred path because I suspect that it wouldn't last long.. Inflation is coming but don't rule out another deflationary hiccup. I like to buy stuff cheap and so I'll be thrilled to have another discount. Watch the dollar. I think we're going to know soon.. and watch First Majestic. It would be incredible to have it tag (E) of this wedge. The measured move of this pattern is somewhere around 39-40 but a move from $4.00 to 40 is a 10x compared to the 2x it is from current prices.
NYSE:AG
by gghsusa
9
$BTC/USD 1M (#Index) Ascending trendine on supportBitcoin is pulling back to 50MA (monthly) where a bounce would make sense like it happened in 2018 and 2015 as well! RSI looks very bottomed (new ATL) and this seems enough to buy Low in order to sell High later this year, or at the beginning of the next one. But first comes the boring part for 5-6 months of ranging and choppy moves, better be very patient.. Current Price= 22006.84 Buy Entry= 22000 - 18881 Take Profit= 52825 Expected Profit= +158% Fib. Retracement= 0.786 Margin Leverage= 1x Estimated Gain-time= 9 months Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi Website: bitcoin.org Contracts: #Mainnet #ERC20 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599 #BEP20 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c #BEP2 BTCB-1DE
INDEX:BTCUSDLong
by TradingOn
Vox Royalty to test C$2.15 $VOX $VOXCFWhen the TSX asks you to explain why there was a pick up in volume after you hired a known "pump and dump" firm, you have to wonder how that is going to reflect on the company. Different message boards are full of investors or potential investors posting articles and youtube clips which describe the nefarious goings-on of the National Inflation Association (NIA), who Vox has agreed to pay $100k for a year's worth of promotion. One damning article explains who NIA are: National Inflation Association runs a website called inflation.us. According to their website they claim they are an organization dedicated to preparing Americans for hyperinflation and helping Americans survive and prosper in the upcoming hyperinflationary crisis. They try to create the image of legitimacy and professionalism. However, the site is actually set up as a type pump and dump operation. National Inflation Association typically recommends microcap stocks that trade on the NASDAQ with a low float. They will typically own a large position in a stock they are recommending and send out thousands of emails to their subscribers urging them to buy the stock they are recommending. The National Inflation Association gained a huge following through a variety of their YouTube videos. The National Inflation Association is run mainly by two stock promoters: Gerard Adams and Jonathan Lebed. Both of these guys run other websites where they get compensated thousands of dollars for profiling small companies and sending emails to investors urging investors to buy shares in it. Gerard Adams operates the website WallStreetGrand(dot)com, an investor relations/stock promotion website that sends out stock alerts on penny stocks. Jonathan Lebed also runs his own stock promotion site lebed(dot)biz. Lebed gained national attention back in 2001 when the SEC accused him of fraudulently manipulating stocks in a pump and dump scheme when he was in his teens. Vox Royalty Corp. has been on a promotional tour, meeting and greeting anyone who attended one of the many mining and investing conferences. They have also been using promoters like Crux Investor, Rich TV, Liberty & Finance, Ellis Martin and Proactive Investor. Every time the Vox Corp. media machine went to work, the share price would stumble and fall. With many private investors are frustrated at the lack of dividends or value left over for PIs. "The recent deal probably makes economic sense for Vox, especially with the price calculated for the Vox shares issued in the payment but not sure how the market will appreciate their revenue mix with a significant percentage of revenue coming from 2 iron ore projects. Like the company more than I did yesterday but will watch from the sidelines for now. A little taken back by the 20% option plan, RSU's and PSU's seems excessive to me. Most companies are run with a 10% option plan. This management team does not leave much for the shareholders." Looking at the sentiment of the PI's this stock is on its way lower. Technically, the close below 61.8% from the lows of C$2.15 to the most recent significant high, now looks more likely that momentum is going to also drag this share price lower. Possibly below the C$2.15 level. As much as I was hoping to see this share price rising based on the royalties and acquisitions over the next year or so, I am not going to pretend that fundamentals are going to beat sentiment and momentum. May be there will be a place lower to buy where the risks are a lot lower.
VShort
by TH_Analysis
Freeport McMoran Strong Future PositionFreeport-McMoRan's relatively strong position significant producing assets in the U.S. and Indonesia and expansion opportunities puts it in a somewhat stronger position. In short, the outlook for copper prices is good They are forecasting steady annual sales growth. 2023 is expected to be an even stronger year than 2022, and 2024 is expected to be weaker but still stronger than 2021. This provides a runway for significant sales improvement for the company and continuous income for the company in the upcoming years
NYSE:FCXLong
by TraderMentorX
4
An amazing story unfolding for ERGO as one of the best POW coinsIn comparing to BTC you can see that Ergo is holding it's ground far better at the moment. No coin is without it's history, in the case of Ergo I believe there was a pre-mine but the coin has stood strong among POW coins and is currently one of the most profitable to mine. If you have a rack of 3060ti's there is more money in pool mining ERG right now than mining ETH. In addition ERG is less heat producing, is early in it's lifecycle and could be the next top Alt going into what will promise to be a bountiful Bull run in the next 18-24 months. Overall I am neutral right now, the coin should hold steady just below $2 for some time and then enjoy a quite nice run as it becomes the next Ethereum.
by SHOOZCOIN
8
$BTCM earnings tomorrow 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered Bitcoin Mining Company $BTCM today at $1.78 per share. Our first take profit is $2.40. We also have a stop less set at $1.60 This company is a standout from other Bitcoin mining companies. It doesn't exactly trade the same as the others due to China relations, but with investors now eyeing investments overseas this could become a goldmine soon. OUR ENTRY: $1.78 FIRST TAKE PROFIT: $2.40 STOP LOSS: $1.60 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
RUNNING CHART - June 2022This has been my go-to chart on Bitcoin for sometime, now. As you can see, I anticipated this price for a while, but it still kinda sucks to see it here. It is quite an opportunity, though. If a person has the capital, these are the times when "smart money" is buying. The analysis is a long term outlook based on "gaps" or "imbalances"; terms coined by the one and only ICT(the man, the myth, the legend). Long story short, it took a long time but price returned to a previous imbalance to - I suspect - cover big players losses. Again, just a theory on why price comes back to these places. I don't really know, tbh. Anyway, felt like posting. Been busy prepping for a big documentary edit and building PLAINVI3W MINES - a new endeavor mining with ASICS. Holla
COINBASE:BTCUSDLong
by PLAINVI3W
BTC- BOTTOM FOUND? Where would I buy fearlessly?Long Term, Scouting/Hunting for the Absolute LOW on BTC, Bitcoin is considerably low right now, I do not see us getting close to this level but rather piercing it after we sit sideways in the future, we will likely see a retracement pretty heavy soon to the upside to create liquidity. I would have limit orders set in this region if/when we approach these levels, first zone marked below at the absolute sniper of last BTC Blood Season, you will likely need a limit order this time around, Reasoning behind the level is simple, 1. Monthly Higher Time Frame Demand Zone 2. Break of Structure 3. -RTO- 4. Target Buy Level is inside Accumulation 5. Imbalance 6. Risk to Reward Prime for BIG Funds to Manipulate Price and Wreck Sellers. Will be looking to take targets to premium level marked above, Good Luck!~
BITSTAMP:BTCUSDLong
by MarketMakerTraders
6
$CLSK cleaning mining 👁‍🗨*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team purchased shares of digital mining bitcoin company CleanSpark $CLSK today at $5.35 per share. Our take profit is set at $9 Hello guys! This week a new crypto bill has been the main topic of focus inside of the crypto world. NY has also passed a crypto bill which will ban crypto mining via fossil fuels. $CLSK is way ahead of other bitcoin miners and has been building grids which will allow crypto to be mined without using fossil fuels. Our entry: $5.35 Target: $9.00 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:CLSKLong
by SimplyShowMeTheMoney
2
Pan American Silver: Aquanaut 🤿So far, Pan American Silver has only been snorkeling along the surface of the blue pool between $21.88 and $13.94. However, we expect it to put on its diver’s gear and to plunge deeper into the water to finish wave (ii) in blue. Afterwards, Pan American Silver should emerge from the depths and rise above the resistance at $40.11. There remains a 38% chance, though, that Pan American Silver could lose its compass in the blue zone and dive deeper and deeper, even below the support at $10.61. Once there, it should tumble further below the next support at $5.38 as well.
P
by MarketIntel
1
EVNI -- High grade nickel hits, cashed up, low market capEVNI made a huge move out of the gate today after reporting high grade Nickel intercepts but has since retraced by almost a half and could be a decent risk/reward in the low 0.20s with the cheapest financing paper at 0.30 (June 2021). Most recent IPO financing was done at 0.75 (Dec 2021). Average warrant exercise price is 0.84. The company has $3M in cash, $7M market cap, 30M float. ----------------------------------------------- EV Nickel Phase 2 Drilling Results- 48.6 metres Grading 1.31% Nickel from W4, Samples Submitted for Met Testing - EVMET22-01 intersects 48.60 metres grading 1.31% Ni, including 13.0 metres grading 2.98% Ni - EVMET22-02 intersects to 33.0 metres grading 0.74% Ni, including 9.0 metres grading 1.47% Ni - Holes EVMET22-01 and EVMET22-02 submitted for Metallurgical Test Program with SGS Canada Inc. - Metallurgical Results from Langmuir W4 anticipated by mid-summer TORONTO, ON / ACCESSWIRE / June 9, 2022 / EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to report the assay results for three holes completed as part of the Phase 2 Drill Program, from within the Langmuir W4 Zone. The holes were designed to provide a representative sample for metallurgical analysis. Each of the three holes intersected high-grade nickel sulphide mineralization consistent with the Langmuir W4 Zone. Two of the three holes, EVMET22-01 and EVMET22-02, will be submitted for the metallurgical analysis to SGS Canada Inc., providing a suitable quantity and quality of material for their test work. EV Nickel Inc., Thursday, June 9, 2022, Press release picture Drilling of the Langmuir W4 Zone continues to yield impressive intercepts of high-grade nickel. Hole EVMET22-01 intersected 48.6 metres grading 1.31 Ni%, including 13.0 metres grading 2.98% Ni; Hole EVMET22-02 intersected 33.0 metres grading 0.74% Ni, including 9.0 metres grading 1.47% Ni; and EV22-03 intersected 17.3 metres grading 0.70% Ni, including 4.3 metres grading 1.18% Ni. Table 1, below, summarizes the assay results for the metallurgical drill hole program. "W4 continues to impress me with its high-grade nickel mineralization. The mineralization at W4 is unique, composed primarily of pentlandite, which relates to high nickel tenors as reflected in these high-grade nickel intercepts." states Paul Davis, EVNi's Vice President of Exploration. "The current metallurgical test program will determine the best recovery method to be used, utilizing the current mill flowsheets for facilities within a 300 km radius of the project. I am excited to see the results of the SGS metallurgical work as well as the results of our continued Phase 2 Drill Program testing the down plunge extension of the W4 zone."
TSXV:EVNILong
by wealth_bakery