CIFR trade ideas
CIFR LONGIve entere a position at the Fib retractment bootom and respected support. The stock has been in an uptrend for 2 weeks now and with crypto on the rise with some corrections I believe we will revisit highs on 9.46 sometime next week
Purchased (7) CIFR $8 C 11/19 @ .65
Khan's Watchlist - KW 43 - $CIFRBTC-ETF Play – US Miner
Rig-Delivery Agreements with 3 Producers
Delivery Expected to Begin in June 2022 and Extend Through December 2022
Agreement Brings the Aggregate Hashrate of Mining Rigs under Contract to Between
~13.8 and 19.2 EH/s
$CIFR Oct 15 - End of Year Idea and price targetsHello, giving a small thought on $CIFR chart.
Recently there was a PIPE unlock that brought this company down to deeply discounted prices. It appears we have bottomed and given the plans this company has for it's hash rate (recent purchase of 28,000-56,000 Bitfury Next Gen Miners for deployment in 2022 and beyond), key hardware partnership with Bitfury, and backing from companies like Fidelity and Morgan Stanley, I see a pretty bright future going into 2022 and beyond for this. Especially if we see Bitcoin continue its breakout into new all time high territory. All of these factors have me thinking we will see this price climb along with overall crypto adoption.
Near term price targets between now and end of year:
PT1: $10.21
PT2: $11.43
PT3: $13.13
Long term Price Targets (assuming a healthy BTC price and successful deployment of its planned 28,000-56,000 Next Gen Miners in 2022 and beyond)
LTPT1: $21.72
LTPT2: $31.97
after 1 week we shall see12 per share for short term pt and 20-25 by 2022 when bitcoin will create new highs and cipher eventually will be mining 1000+ per month
target if 20+ Is possible next year. before summer I will keep buying the dip in this wave. 1 Elliot wave . before 19-21. good days will come folks
