Hut8 Inverse head and shoulderThe Bitcoin Halving is sometime around Apr 24, 2024.
Will we have a Bitcoin Havling pump for Bitcoin Miners?
1HUT trade ideas
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT
EARNINGS RELEASE: This Thursday 17th August 2023 👀
⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues .
o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider.
o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally.
o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company
o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc.
THE CHART
The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations:
1. MACD CROSS
2. OBV VOLUME BREAKOUT
3. RSI OVER SOLD
Safe Trading folks
PUKA
Hut8 Mining looks like dog poop on paper but the charts dont lieThe cup shows that it is nearing a bottom and will start trending upwards. Its already done a ~60% retracement from the highs from this past summer.
Long HUTClosed HUT shorts, epic trade. Longing HUT here in size (for me). Massive decline, bullish doji daily candle. RSI bottomed. 200 da MA prob wont get hit (if it does I add). Diagonal support. Expecting a btc pump here. Not Advise, good luck.
Adding to HUT shorts hereTechnically this is a short, went in small size last few days adding here. BTC looks like its about to puke. Stops at acceptable losses for most of the shorts, few will ride a bit. Not advise.
Long Hut 8 Mining Corp. $HUTHut 8 stands out as a pioneering force in North America's digital asset mining landscape, with a strong emphasis on innovation and a notable role as a high-performance computing infrastructure provider.
As one of the industry's pioneering miners, Hut 8 has left a significant mark.
Notably, on June 26, Hut 8 made a significant move by entering into a credit facility valued at US$50 million, establishing a partnership with Coinbase Credit, Inc.
With an EARNINGS RELEASE scheduled in just 3 days, the anticipation for the upcoming announcement is growing.
HUT supportif we can hold this it can become a new bottom/support if we fall below the range we may have significant downside.... with the way the market has been moving i am looking for support to hold
200-500 Setup & 4 Inside Monthly BarsAnother 200-500 moving channel daily. For this one, the monthly's have been consolidating inside for the previous four months. The move out of this range should be at least the size of the largest of the four inside bars; in this case about 1.00. Overhead is also the annual pivot. Stop out on a monthly close below the low of the last close of the four bars or, alternatively, 0.50.
HUT 8 Mining: Bearish Pull Back Before Bullish ContinuationThere is a Bearish Butterfly on HUT 8 Mining with Bearish Divergence on the CAD pairing and it suggests that we may pull back to try to test old resistance as support before continuing higher later.
Possible 50% up move on $HUT Strong up trend forming on $HUT.
Resistence on $3 level. If it clear that, $4,$5 possible targets ahead.
My stop loss would be $2. (Max stop loss).
If breakout is weak, I'll close the position.
HUT - GUT 8 MINING CORPHUT - Gut 8 Mining Corp resistance on weekly time frame are on the chart
Main resistance are
1 - 3.43
2 - 4.31
3 - 5.16
4 - 6.62
Bullish ScenarioBased on Elliott Waves and Fib levels. Also there is a bull flag and pennant .
Invalidation limit: 4.11.
I am not a financial advisor and this is not financial advice. It is a potential scenario or opinion. Invest at your own risk and do your own research.
Bullish ScenarioBased on Elliott Waves and Fib levels. Also there is a bull flag and pennant.
Invalidation limit: 4.11.
I am not a financial advisor and this is not financial advice. It is a potential scenario or opinion. Invest at your own risk and do your own research.
#HUT #BTC Mining to $7.75Another Bitcoin miner looking Sexy AF
all points to strength in the crypto sector
hope your bags are packed
Long HUT company holds what they mine. been dacing for a bit. adding here moving average is holding.
HUT8 Options playwill these calls play out, stay tuned to find out. if btc falls over than this is dead in the water but if btc pushes eoy before halving next year these could print big
HUT 8 miningHut 8 does more than min bitcoin but DYOR on that they are another promising company currently 2.00 is not a sustainable support area so for options im not sure 1.50 my not get tested and 2.00 may not break so.... input is welcome
Hut 8 Mining; The Bitcoin Leverage PlayTo get maximum gain in Bitcoin moves, we must turn to the Bitcoin mining companies for they yield leveraged moves to the upside or downside of Bitcoin. Hut 8 Mining is shown here with support and resistance with rejection at the 200DMA.
Ideally we want to see price find support at lower trendline or if it breaks lower we seek for a swing low on a daily timeframe for trend change. Closing above the pink resistance & 10DMA means the daily cycle has turned bullish.
Red Flag: If price goes lower than $1.21 the major trend becomes bearish, we will be looking for lower highs & lower lows for the weekly trend. Since Bitcoin miners yield higher returns in short time frames, one is best to trade these level to level consistently taking profit.
$HUT: Inverted Head and Shoulders with an Incoming Golden Cross.We have an Inverted Head and Shoulders with a small Bullish Channel within the Right Shoulder while we are above the Major Moving Averages and are getting ready to Golden Cross. If we can pivot from here I think it could easily hit the 0.382 Retrace up at $6.819 and if we're lucky it could go up much higher to hit the remaining retrace levels above.
HUT - Bitcoin minerThis is not a financial advice!
If BTC continous the uptrend, this will pump too.
Most info on the chart.
Trade carefully!
Expecting and waiting for double bottom.HUT has hit a support and I am waiting for a retrace down and then another bounce off the support. Don't expect it to go up from here.
Regards,
