Jabba the HUT.Either this stock will die due to over-bloating or will tear the universe like some space-criminal gang. Two random gaps down in the summer downturn below the BBs on the daily. Then they're was one final bottom out and a rebound. HUT basically follows BTC. Do I see a BTC rally soon? It's got indicators for it which I outline in a different post but it's a little outdated. Right now MSM is basically saying GO VALUE GO OIL STAY AWAY FROM RISK OR GROWTH. Imo this is a bullish indicator. I think the institutional buyers are finishing their shorts, slowly rebuying which is why we see some consolidation. Either it rebounds (which I think it will around Feb 10th, the next CPI report) or it tanks. I think there is no in between. Though, I do see some evidence for a rebound. Volume, oversold RSI, BB pattern. Let's see how it goes but I lean bull.
HUT trade ideas
$HUT primed for a rip? BTC up, do miners make a run?With BTC/crypto finding support going into the weekend, crypto miners are set to make a run for the week of 2/7/22
I traded $HUT in the past on it's run to it's high of $16.57.
Many bag holders on the route back to that high, so I would expect selling pressure on any movement to the upside.
Not expecting a run to $16 in the coming week, but a run to $9.00 definitely looks possible
Drew some crystal gazer tarot lines (lol) from recent high bullish volume points that create a channel that looks primed for a break out
1st PT: 7.09
2nd PT: 8.10
3rd PT: 9.00
$5.8 range is support/technical exit level
Watching for confirmation of break of 50EMA for further movement to the upside
BTC/crypto sentiment will weigh heavily on the momentum of movement - bullish and bearish
Many of these miners are great for trading to grow small accounts, and often run parallel with BTC/crypto sentiment
As always, stay sharp, and manage your risk! Good luck!
Senor C
*Not financial advice*
Bitcoin MinersBitcoin Miners comparison chart:
Bitcoin = candlestick
HUT = green
BTBT = blue
RIOT = orange
HIVE = yellow
MARA = purple
BITF = red
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
www.tradingview.com
Market Update and a look at fee FREE blockchain ETFs/MinersIn this video:
* Should we be concerned about the price action today in the crypto space?
* A quick peek at the Stock Indexes and BTCUSD and ETHUSD
* Fee Free Blockchain ETF's and Miners which you can buy on Robinhood, Ameritrade, and others:
GBTC
MARA
RIOT
NDTAF
HUT
HIVE
IREN
BITF
GREE
ARBK
ARBKF
SDIG
BTCM
CLSK
BTBT
DMGGF
ARKK
BLOK
COIN
BSVUSD
BCHUSD
BTCUSD
DOGEUSD
LTCUSD
ETCUSD
ETHUSD
Best to you all and HAPPY NEW YEAR!
-Stew
$HUT - Hut 8 Mining Corp. a buy soon?$HUT is on a correction atm, and bounced one time exactly on the .618 retrace from the last big low to high. If we see a second confirmation low, and then break out of the supply line, we might have a very decent buying opurtunity on this crypto mining stock! Stay tuned
11/21/21 HUTHut 8 Mining Corp. ( NASDAQ:HUT )
Sector: Technology Services (Dating Processing Services)
Current Price: $13.22
Breakout price trigger: $14.40
Buy Zone (Top/Bottom Range): $13.40-$11.80
Price Target: $18.60-$19.10
Estimated Duration to Target: 62-67d
Contract of Interest: $HUT 1/21/22 15c, $HUT 3/18/22 20c
Trade price as of publish date: $2.90/contract, $3.40/contract
HUT8 PRE-EARNINGS - The Days AheadAfter Tuesday's Gap Up, we are in price discovery mode as we reach new highs.
The red areas are worst case scenarios.
The yellow area is a zone (area) of support that COULDbe avoided if this stock continues the upward trend.
The green areas are most likely to happen due to the trend and earning coming up on Thurs, Nov 11.21.
H O D L T H E H U T !
Please Comment, Like and Follow for more ideas.
HUT: Intraday Bull Flag WatchHUT: Possible intraday bull flag setting up into the close. Running with crypto and the sector as of recent. Earnings is scheduled for 11/11/2021. FOMC meeting tomorrow 11/03/2021 may affect risk appetite of participants. Long is still favorable. KL is marked at 15.02 if price action breaches lower limits of flag // ATR: 1.06, Beta: 2.54