GT350

GT350

Bitfarms reported really good fundamentals and mining results. Efficient use of energy helps them going into Q3 and especially Q4. If you believe the market will rally into Q4 and Bitcoin will go up then Bitfarms is a long call. Short dated calls for Friday have very high Gamma so if this does retest support here and jump up with SPY in the next three days those...

GT350 Updated 

Hut 8 is one of the older and experienced BTC miners that is run by some wonderful ladies in Canada where it is cold and they are using low cost energy. Texas miners are shutting down to provide electricity back to the grid. European Miners have much higher energy cost and are also unplugging. When so many machines that mine Bitcoin go off the network the ones...

GT350

The Bitcoin mining business is in a great position as investments have paid off and now that BTC is on the move for the final rush of the 4 year halving cycle the profitability of these mining firms will be solidified. Very few newer faster miners available because of the Chinese crackdown and semiconductor shortages. Very hard to find mining equipment. These...

GT350

I normally watch this on the 4 hour timeframe but right now on the 1 Week timeline it seems that the cloud is acting as support. If it stays that way the next four weeks will have BTC up to between 48 and the 53 resistance line where it will probably retrace. Hut 8 mining continued up and will have really great earnings for the remainder of this year and into the...

GT350

Interested in your thoughts on how Covid interrupted the bull market on Bitcoin. Where would it have gone during this last year. I moved the trend line theoretically to remove covid interruption and recovery. If you try to visualize what would have happened without Covid's crash of the markets what do you get? Now to make this more difficult we have to add in the...

GT350

BTC has low volume and alt coins bounced back faster. BTC will likely shoot up when this downturn is over. The sharks are still feeding off the carcass of new traders down here below the Ichimoku cloud resistance. If you believe that market makers manipulate the stock for the benefit of the large buyers to accumulate at lower prices then this is a false move up....

GT350

It looks like about 16 hours left to have a nice clear path through the Ichimoku cloud. It's best to wait to clear it for four hours. Don't trade below the cloud unless you are shorting. The shorting times seems to be almost over unless BTC is going below 28k to 20 or 8k. It may do it, but it would be really surprising if it was still there after July 1 because it...

GT350

There was a false break up this morning. ADA took off early as it is probably the next promising Alt coin to run. Bitcoin must finish bottoming. The fear index has probably bottomed at 10 so I'd expect tomorrow or Tuesday to be the day. It could go up to another month as people lose hope. My belief is that their is absolutely no way that $TSLA and $MSTR let it...

GT350

Volume is up. It topped its ATH. Looks ready to move after consolidation. Target 2.82

GT350

This has a bit more to go to take out resistance at the top. It should break the top in the next few days if BTC can hold above 55800. The volume is picking up and institutional money is coming in (see the red at the bottom mcdx indicator). Get your alarms ready or set a buy order for the next 5% retracement, it may be the last one before the run up.

GT350 Updated 

TRIAS is new and on the move up. I spent a few hours looking at their trust model and founders research. This is a beautiful set of algor's to secure banking and financial trading on the blockchain. The volume is accelerating along with the price as ALT season starts to heat up. It is somewhat complex to understand but the whitepaper shows that this will solve...