I know a lot of people were following the NASDAQ:HUT idea, so I thought I'd give an update here. Most people are convinced the miners are heading higher here. I do agree, but I don't think the trade will be as easy as longing this move. With a rejection of this level, it sets up a move down to the lower support level around $5.59-$6.33. Once that level gets...
Updating my past idea with some lower targets. It looks like we're in a large downtrend channel. We've just tested the bottom of the downtrend channel and now have turned up. I think the next big move is to test the top of the channel around the $16-17 target. I don't think we'll break the channel because 3rd tests rarely break. 4th+ tests break the...
Hut 8 Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining sector, has unveiled impressive financial results amidst the ongoing Bitcoin rally. The company's recent report reveals a substantial 32% surge in revenue over the last six months, reaching a commendable $60.6 million by the end of December 2023. This remarkable uptick in revenue is...
Hut 8 Mining Corp ( NASDAQ:HUT ), a prominent player in the cryptocurrency mining industry, faces the harsh reality of the energy crisis as it announces the immediate closure of its Bitcoin mining facility in Drumheller, Alberta, Canada. The decision, driven by escalating energy costs and power disruptions, underscores the challenges confronting miners in today's...
I'll be the first one to admit that I didn't see NASDAQ:HUT going this low. I rode calls and spot from $12-17.80 but then reentered way too early between $13-$9. We did get the capitulation move to the downside today, I'm still holding my position as I still think the move will pan out that I'm expecting. I just got the timing and the reentry targets wrong in...
Hut 8 Corp ( NASDAQ:HUT ), a prominent Bitcoin mining company, has announced the appointment of Asher Genoot as its new CEO. Genoot, who previously held key roles within the company and US Bitcoin Corp (USBTC), steps into the CEO position following a recent merger and amid a dynamic landscape in the cryptocurrency mining sector. The Leadership Transition: Former...
Hut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the...
Hut 8 mining with a nice break out last week. I went long after the consolidation and the break to the top side. NYSE:HR tf with a nice push to the top side breaking through ma. Currently i have a short term target of 12. Still be cautious of one btc dip possibility.
Updating our stance on HUT 8 . Looks like a massive HTF Flat correction. LMK your thoughts please.
Updating timing from my last analysis on $HUT. Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls. As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher. My...
I've been very bullish on $HUT. Made a good amount of money on the move up and derisked at $17 thinking there would be a pullback. Now we've had a capitulation move down and have now reentered my position w/ both spot and calls (I've averaged in all morning between $12.90-$13.70). Thinking we're going to see a massive move up over the next 1-3 weeks targeting...
Hut 8, a prominent Canadian Bitcoin mining firm, has announced an interim agreement to establish a new mining site in Cedarvale, Texas. This development emerged in the wake of the Celsius Network bankruptcy proceedings, marking a strategic pivot for both entities involved. Hut 8 Expands Operations Amidst Crypto Turbulence The new site in Cedarvale is set to...
NASDAQ:HUT Looks absolutely primed and ready for take off... 1) Break out and retest of the ATH downtrend. 2) Finishing up Phase C LPS accumulation. 3) 2nd highest CRYPTOCAP:BTC holdings out of all the Bitcoin miners.
Key Takeaway i. Two crypto companies ended November 2023 by successfully merging. ii. This deal has given rise to the newly minted Hut 8 Corp (HUT). iii. The crypto mining firm is in an excellent position to ride the current crypto wave to new heights. Bitcoin Rally As the current crypto rally continues sending Bitcoin (BTC-USD) upward, two leading companies...
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...
Closed 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.
Technically 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.
Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush. These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to...