Parallel channel for the short term.I've used a parallel channel to try and see if we stay within this range. It appears to be bullish for now, I'd like to see us stay within it for another week. Though HUT sometimes has some rapid moves.
HUT1 trade ideas
First chart ever, is this meaningful at all?I'm trying to learn how to find meaningful points on a chart. I figured I'd pick one of my losing trades in the past and hopefully make it profitable in the future. Any input on my points of intersection and general trend lines would be helpful.
hutlooks like a massive triangle correction that has been nothing more than a series of 3 waves up and 3 wave down on the weekly. I wouldn't doubt if we make 3 wave up to test that top TL of the triangle around $8 before dropping into 3 more waves down to bounce off the bottom once more. Then maybe larger HTF breakout into 2023.
Bitcoin mining- Down 92%
- At support
- RSI at bottom and MACD turning
- Bitcoin in bear bottom area
I am DCA in Bitcoin mining stocks here
Take care
$HUT ~ Watching the show...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
Bitcoin & the miners Here's a side by side to drive the point home. I get the feeling that the miner's aren't done selling yet!
Btc & the Miners!Take a look at Hut 8, a Bitcoin mining operation. This takes a lot of the Noise out of the Btc chart and gives a smoother view in my opinion of what the market as a hole is doing. This Co, has and is expanding it's mining operation in Northern Ontario, Canada! With One active mining operation with two more facilities in the works! Don't sleep on this one.
Hut Mining to 40'sLove the look here, love the fundamentals of Hut Mining which I usually don't care about unless it's a bigger bag. Think Bitcoin bottoms here soon.
Long HUT HUT close to 90% off the high. As a general rule on IPO booms I expect to see massive booms decline 90% and I love to buy them. I buy them all. It's usually 1:4 or better RR trade and there are not that many companies going to zero. Buying IPOs down 90% tends to do fairly well as a net strategy.
$HUT - 2 Chances HUT broke down from the inverse head and shoulders. It even has candle confirmation - spinning doji followed by bearish engulfing. It is fair to say that the IHS is NEGATED.
I see 2 bullish scenarios here on $HUT . In this order:
1. Bullish divergence on $HUT. It can bounce righy here on the 4.50 support and see much higher levels: 4.8, 5, 5.5 and even higher levels.
2. $HUT loses the bearish divergence and goes for oversold zone (below 30 RSI and under). It can try to bounce here.
Thanks for reading. What do you think?
This is not financial advice. This is solely for entertainment purposes. Do not take anything from this idea as advice in any way, shape, or form.
Time to long $HUTInverse head and shoulders. Moving with current market downside. I think BTC being at these level is a good indicator that we may see 60k sooner than later. Hoping a reversal occurs soon
This is not financial advice or advice in any form. Sole purpose is to entertain
big breakout on the horizon here? hmmhut at make or break it area! recently saw a double bottom bounce off extreme support and broke local trend resistance! very bullish signs.
theres one trend resistance left, will bears be able to hold it back?
If they fail to do so my targets are 7.21-8.55-9.89
Earnings watch 3/17 pre-marketEarnings watch 3/17 pre-market:
HUT
DG
ACN
CMC
SIG
CSIQ
WRBY
DBI
NYC
DXLG
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
tickerTracker - MFI Oscillator
www.tradingview.com
$HUT (Bitcoin Miner) Expanding DiagonalLooking at Hut8 on the 10D here, im seeing the same type of consolidation as i pointed out on my BTC Leading Diagonal idea.
Hidden bullish divergence on the lows and a divergence on the ADX as well.
This would be easily invalidated with some new lows but theres potential for a lot of upside here relative to risk and if we see confirmation from BTC, all of the sympathy stocks will follow suit and these type of patterns will play out across the board. Ill be posting some more once we get more data.
could see a lot more downside in the short term 🚨hut pulling back with bitcoin as expected and about to break a important trend support (bearish)
after checking previous candles that look similar to this most recent months i noticed some things...
after 1st candle we saw a move from 8.4-3.14 (-62.619%)
2nd did 11.3-7.57 (-33%) -- 3rd did 9.15-4.52 (-50.60%)
if history repeats this new candle/break of support should send hut from 7.66 to 2.86 for max pullback of -62.66%, of course it can bounce before this max pullback area as well.
like and follow for more! 💘
$HUT Head and ShouldersHut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
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 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*
Hut Bitcoin Miner Should Start Turning The Corner - Hut8 MiningReally liking the Bitcoin miners here, they have been taking a long time but I also see Bitcoin turning the corner here at 43k, there going to really payoff when they get going.
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
$HUT have a bottom at our support we will se a reversal at our support as I show in the chart, and we have after 2 PT.
