HUT1 trade ideas
Selling Riot, Buying Hut8MiningWe are queuing to buy the following
NIO 56.5
HUT 5
PLTR 26.472
IPOE 23
ACTC 24.50
CCIV 33
Queuing to sell the following
DB 10.49
SNDL 1.21
ABEO 2.66
APA 17
OSTK 95
RIOT 25.85
Another Jump up x2 from HUT8 ?I assumed it will not break the support line, then it will rise tomorrow!!!!
Like it did on Jan 6
HUT - weekly break out with volumeThought I would chart a canadian crypto stock for any canadian followers. Hut 8 Mining Corp. operates as a cryptocurrency mining company in Canada. On the weekly chart, it has broken out with volume last week. The MACD is crossing up as well, 10% short interest. I looked at the HIVE chart as well, but there was some selling friday. Once the Fed approves the stimulus bill, I expect Cryptocurrency and Gold to move up further. Have a great day! Stay Safe!
HUT 8 MiningThese are my thoughts on HUT. They are meant to give you an idea, not trading advice.
This seems to be forming an inverses head & shoulders pattern. If this breaks to the upside we're in for some nice gains. Since HUT is a blockchain related stock, it's sensitive to the price of BTC. That's what makes me more bullish.
Please be careful, as the market never gives you certainties, only probabilities!
ALWAYS REMEMBER THIS WHEN YOU TRADE
HUT long term downtrend breakoutIt looks like HUT's long term downtrend breakout is near.
The RSI already broke it's downwards trajectory.
A lot of alternative coins gained a lot of up movement recently as well as other crypto related stocks ( e.g. HIVE, RIOT ).
There's a possibility for some small downwards movement to the support line or more sidewards movement.
However considering all the points I mentioned before let's me to belief HUT will shine with a nice upward movement soon as well.
HUT.TO -- Cheap Canadian crypto miner retraced on gap fillHUT.TO a cheap exposure to BTC in this favourable macro environment. Nice breakout chart that retraced to fill the gap, respecting Fib support at 1.19. Good chance of a bounce and re-test of $2, IMO
Possible inverse hns setting up1)On the weekly we can see bullish momentum picking up for this ticker looking at the indicators layed out and we even have a macd cross over..
2)There is significant insider buying happening at 1.2 $ if you take a look at ceo.ca.
3) If you compare the left and "right" shoulder then we can see bullish divergence .
4) Value- This company mines bitcoin and as you can see it appear to be lagging quite bit from the price of btc especially if we take a look at the last couple of months, so imo this is a great value play on going long for btc with a lot less down side.
5) With the falling value of the dollar that will inflate the value of crypto
6) With the halving that happened on may 11 , it usually kick starts a bull market which can be argued with btc's recent price action. Once that happens I believe people will take notice to HUT potentially leading to a much closer correlation with bitcoin and with that more gains. who knows what will happen to this ticker if btc reaches 20k within this year. Based on the technicals and fundamentals I believe this has great potential.
HUT Review: Technical and FundamentalA short update on HUT. Fundamentals assessed for the long term. Short term technical analysis. Also, a follow up on previous videos (link below)
BTC Mining will benefit from higher BTCBased off the break down of DXY from recent highs of March 2020 and projected eoy low, this miner should benefit greatly from higher btc prices.
HUT 8 (HUT)Just got new mining equipment - crypto beginning a new bull run
easy 11-25% gains to be had
can see this being a 2x trade long term
Large volume spikesJust randomly was checking out some charts found this massive spike ms in volume. I know nothing about this company. I’m guessing they mine crypto’s. I would like to see this pull back to .95 and consolidate and ride another volume spike.
HIve, GLXY, Hut 8, Bitcoin. ETHHere's a 1 year chart comparing Bitcoin in the yellow, Hut 8 in the Red, Hive in the Green, ETH is the Blue Line & GLXY the Purple line, the 200 Day MA is the Black line.
It's possible this parabolic rise in Hive is correlation coming back between Ethereum & Hive, it would possibly explain the uptick even when ETH is red.
