cifr golden cross lets see if it plays out
stoploss - $3.70
1st target - $5.20
2nd target - $7.99
buy price - $3.80 - 4-15
CIFR trade ideas
CIFR let’s assume for a momentIf and when Bitcoin finds footing on the moving averages and lifts off, I think we’ll see hundreds of thousands as a test toward one million Bitcoin. CIFR in satoshis has an opportunity to turn bullish, and can lift off forming a bowl, with a target that is off the page. But immediate targets still look good with $8 revisit, then break through to $10, and you might be surprised to the see the momentum that CIFR can attain.
Ascending Channel BreakoutAppears to be months in the making, but a basic TA pattern. Will need to confirm with volume levels. Please note: pattern can break to the downside.
Buy-write CIFR @2.99CIFR is borderline oversold. It was when I started placing the trade and it rose to just above it now. This trade is designed as a 2 day trade, but if it doesn't work out, it'll be oversold anyway so I'm fine.
I bought the stock at 2.99 and wrote a 9/20 $3 call and got paid .10 ($10) for it. My plan is that I lock in a 3.3% gain in 2 days assuming the stock goes up and gets called away. If it doesn't, the call reduces my cost by that 3.3% and I can turn around and sell another weekly $3 call on it next week, assuming the stock doesn't TOTALLY tank. I'll keep doing that until it does get called or until it doesn't make sense to sell the calls and then I just ride it out like a normal oversold trade.
Editorial note: for the 3459493th time I accidentally wrote overbought instead of oversold in the original version. This version has been corrected.
Always pay attention to significant Anchored VWAPSIt is always important to be aware of significant AVWAP'S when looking to take profit on a trade, or establish a new position in a stock. Bitcoin mining stocks have been pretty a hot sector this year and are expected to perform very well throughout 2025 as well. However, the anchored VWAP (red) form the YTD high on July 17, 2024 acted as a textbook area of interest commonly taught by Brian Shannon. If you were long NASDAQ:CIFR , the AVWAP from the YTD High was a great place to lock in some profits. Should the stock get through this level, preferably after some consolidation, this could be a great place for a new purchase. Especially considering Bitcoin is expected to outperform from now through the end of 2025.
$CIFR - Ascending Triangle on the Weekly Chart?NASDAQ:CIFR It seems like there is an ascending triangle pattern on the weekly chart. Do you think we will see levels between $16 and $20 in early 2025? That would mean a 350% increase from the current price. What do you think?
5x on CIPHER - mining - I bought this last week Tri big move up Bullish case, its being bid and going up
Huge candle up move today I got in last week as BTC tri has caused the alts to form Asc Tria all over the place. Which implies BTC will move up and thus the BTC miners will move up strongly too.
If the height of the triangle is the target, then its a big move coming if not the full height of the triangle then its still a very good move.
Not investment advice only for educational purposes only
CIFR - ASC TRI breakout about to goBullish case, CIFR CIFR - ASC TRI breakout about to go
- Wulf has already broken out
- BTC will find support and most likely continue upside
- Multi year pattern
- Low volatility
- CLSK also at possible low point of triangle pattern
- As Blackrock long term needs more BTC on its ETF its better to buy up the supply chain and it has an unlimited supply of money it needs to invest each month as crypto becomes more mainstream there is increasing demand for the miners.
- Miners have loads of PCs just sitting there and AI needs a PC to run on - AI is exploding hence will buy up or do deals with existing miners as the halfing eventually decreases the need for all these banks of computers AI takes the main long term role
Disclaimer this is not advice, only for educational purposes
CIFR in Satoshis Hi, if we get a green 2 trading above a green one on Tom Demark, it triggers a buy, and we assume inverse head and shoulder breaks descending overhead and land on top, before heading higher. It’s the first miner to look almost bullish in sats.
CIFR consolidation is long in the toothHi, I postulate that CIFR mining consolidation is long in the tooth, and we just broke out from the overhead resistance. It’s going to fly to $10. Is you in CIFR? Can you afford not to be? I’ve got some shares. Let’s go!
Bullish Resistance Break
new high at $5 zone after 365 day consolidation
cloud fully bullish
ascending triangle
U bottom
entry: here and/or WF HH and/or DCA and/or below horizontal resistance
exit: 10-13
SL: <3.50, below cloud
Cipher Mining US STOCKSCipher Mining Inc. is a technology company. The Company is focused on the development and operation of bitcoin mining data centers. The Company, through its subsidiaries, including Cipher Mining Technologies Inc., operates four bitcoin mining data centers in Texas. It is also developing an additional data center in Winkler County, Texas.
Its Odessa data center (the Odessa Facility), which is its wholly owned 207 megawatts (MW) facility located in Odessa, Texas. The Odessa Facility is capable of producing approximately 6.4 exahash per second (EH/s). Its Alborz data center (the Alborz Facility) is located near Happy, Texas. Its Bear data center (the Bear Facility) is located near Andrews, Texas.
Its Chief data center (the Chief Facility) is also located near Andrews, Texas. The Chief Facility is a 10 megawatts (MW) data center that is connected to the local electrical grid.
Bitcoin Miners Overview The performance over recent months as we enter a new CRYPTOCAP:BTC bull cycle (RELEVANT & recent timeframe)
NASDAQ:CLSK - 307%+ since Dec 2022
NASDAQ:CIFR - 485%+ since Dec 2022
NASDAQ:MAR - 4,729%+ since Mar 2020
NASDAQ:RIOT - 1824%+ since Mar 2020
Keep an eye on who is holding the 200 day and who holds diagonal support
PUKC
Cipher Mining #CIFR Cup and handle projects to over $70 bucks. I highlighted the inverse head and shoulders before
which has its own impressive target
BUT if we do peer closely , we can also make out a cup and handle pattern being created.
Log targets provided
Good luck in your speculations.
CIFR Bullish momentum surges!The weekly analysis of CIFR indicates a promising setup. The reverse head and shoulders, along with a large cup and handle pattern, suggests a potential bullish trend. The 20% short interest adds the possibility of a short squeeze, amplifying upward momentum. The MACD turning up is a positive sign.
Currently, the RSI at 56.55 suggests a balanced market without extreme overbuying. Considering these factors, there's room for potential upside. Keep an eye on the breakout from the reverse head and shoulders, as it could trigger significant buying interest.
Stay attentive to changes in market sentiment and short interest for a well-rounded view.
CIFR on supportThis is on a trendline that dates back to dec 2022 it is also the .618 area of that move starting with the swing low in 2022 dec. So support is solid. resistance is at the top trendline 55% away an area that was just visited 30 days ago. all signs say $4 target
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR
- Inverse Head and Shoulders breakout & retest?
- Above 200 day SMA with turn up
- OBV increasing
- On daily chart we are above the Point of Control which
aligns which closely with purple horizontal
- We could see a retest of this line so I would be DCA'ing from
here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here.
In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also.
Fundamentals (for fun and stamping the stock into our mind):
- CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player
- Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs)
- Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023)
- CIPHER announced record production during the month of May 2023. It appears things are just heating up.
Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering
“We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
CIFRCipher fib channel. I own riot, but of the Btc miners, cifr is going to make the biggest move next. Then, you must sell cifr, because it’s at the top of the fib channel, while riot is near the bottom of the fib channel, and has a long runway compared to cifr. In general, cifr has the bigger amplitude, but it’s run is getting towards the end. One option can be to play the cifr pop to the .618 or .786 fib, and then move that value over to riot for the long haul.
cifr mining we broke below 20 ema, possible next strong support at 50 ema $3.4.
as bitcoin is having a trouble breaking through $29350 resistances ( bitcoin 50 EMA ) , also expecting bitcoin to go as low as $28300.
Another #BITCOIN miner on verge of breaking out...Cipher mining
#CIFR
has a rising neckline ... could this indicate a bigger bull run
notice the logarithmic target is projecting to new all time highs
Cipher Mining Incwith the halving event right around the corner, some of these might be decent punts as long as they can run a business propperly
cifr and inverted head and shoulder cifr mining stock has been down along with bitcoin for over 1.5 years now.
creating IH&S since may 2022 on the weekly chart
now we are at the neckline position. expecting a pump to 10 by end of the year (patience for 6+ months holding for a x3 profits
as fed are expecting to cut rates by SEP 2023'' THIS is an assumption
not a financial advisor
