Hut 8 2 Paths ForwardI think Hut 8 must retest $13.5 previous resistance before continuation upward. If it breaks that, 8.50 is my downside target. To the upside look to 23 dollars as new target.
HUT trade ideas
HUT: Intraday Bull Flag WatchHUT: Possible intraday bull flag setting up into the close. Running with crypto and the sector as of recent. Earnings is scheduled for 11/11/2021. FOMC meeting tomorrow 11/03/2021 may affect risk appetite of participants. Long is still favorable. KL is marked at 15.02 if price action breaches lower limits of flag // ATR: 1.06, Beta: 2.54
HUT 8 - MARA - KOIN - LEGR - OSTK All above cloud These are the 5 Crypto based Stocks that are above the Green Cloud and or facing the Green Cloud about to move up . On HUT 8 i did the key algo showing the last time it dipped below the cloud and made th is exact same move. It continues to repeat the move for a new higher before dipping below the red cloud again. If all of these stocks are doing the same move I would expect to see these all make a move to the upside. This stock has already taken a Dip to find support. I would make sure to look for a dip before blindly jumping in. its a pivital area if support isnt found it can come down to the last level of support. I would say that if price action drops deeper than this wait for it to come back and close above the 10.70 area before getting back in.
by iCantw84it
10.14.2021
HUT put sellSelling HUT puts on down days for premium. Selling the $9 and $10 puts 11/19 depending on price level of stock and BTC. Strong support area from $9.50 - $10.15. POC of $8.75. Recent offering closed last month. Avg of 9.11 BTC per day right now, mining 7.1 ETH as well. Currently miners are making $25,000 CAD per day while ramping up to 100% by Q4 end with $110,000 CAD per day. One of the most cost efficient miners out there with cost per BTC around $3,000 CAD.
B...T...C... 60...62...K... $HUT $HUT $HUTWhat a better day to talk about $HUT. Lets hike these BTC coins out the roof so we can get into some of these crypto stocks! So we had a gap from a few weeks back when the market dipped. Well we filled the gap and now have opportunity on the upside. We are definitely bullish here alone on the side of crypto, which could only mean good things for $HUT. According to the Fibs this stock should have a break to the 1.618. Pay attention to the direction of BTC and follow the leader. Mining stocks will 50x-100x when BTC 10x's (roughly). Also my advice to you is to get familiar with crypto stocks and companies investing in them they are all about to explode!
THIS IS NOT FINANCIAL ADVICE! THIS INFORMATION IS FOR EDUCATIONAL AND ENTERNTAINMENT PURPOSES ONLY!
Beautiful Cup&Handle Breaking out w +70% measured move!This has to be one of the best charts in the market right now. Beautiful Cup and Handle Breaking out after Consolidation and a pull back to MA's with a bucking trend reversal green candle on Higher volume. Also a huge move in OBV that is also in a bull Flag as Bitcoin looks to be trying to break out on the back of Fed Chair Powell saying crypto will not be banned.
HUT8 short term view [Updated]Just as anticipated, 9.2-9.3 was wrecked by the offering and BTC downtrend movements played a massive role on pushing this below 8.
As you can see from the volumes, defiantly there are buyers and sellers competing over the direction of HUT8 unlike other miners that were sliding down today.
We are approaching a strong support layer at 7-6.6, i hope we don't break that, and I think so.
We are approaching end of Q3 and announcements of GPU miners expected to be soon, thus i don't see the defenses deteriorating easily on HUT8.
By no mean, this shall be taken as financial advice.
HUT Is Primed To Test Its Moving Average (SHORT)HUT Mining should go lower in the next 1-2 weeks for a number of reasons:
1. Bitcoin has corrected in the last week, but HUT's pricing hasn't proportionately reflected the drop yet.
2. Volume has dried up since BTC's drop, this often happens before the price returns to a more stable support band like the 33-day moving average.
3. RSI is showing that it is overbought and moreover the RSI is in a rising wedge pattern.
4. Other crypto-mining stocks HUT is correlated to have decreased much more than HUT.
I opened a position today, a $9 put option expiring October 15th. I suspect we're only 5-7 trading days away from the 33 DMA though. My exit strategy is to sell the option when the price reaches around $8 for a 74% profit.
HUT8 short term viewHUT8 have been performing great since we indicated the reversal point, our performance was to the mark thus far.
The great thing is that volumes are setting into a record high at a top 10.7, which show how the market and trader are approaching the previous top. This is overlapping with 0.23 resistance levels, and you should deduce by looking at last three sessions that market seems not having the resolve to set a new top yet, despite the great volumes.
It is fair to point out that since our reversal point, HUT8 have more than doubled in less than 30 trading sessions, so it is no surprise that it is healthy for it now to take a pause and gather some strength. This is also influenced by institutions with late entry points that would need more fundamental to deal with overall wight of HUT8 within the portfolio.
Personally, i see this moving to a round bottom; thus, I expect this to be a rough trading levels till we reclaim 11 with huge volumes; the company might retrace up to 8-7 levels as a major strong hold, yet with ongoing market forces I see 9.2-9.3 forming good levels of resistance recently.
Again BTC movements are casting pressure currently and among miners HUT8 was the only one with strong resistance so expect day-trader to jump between miners.
A confirmation would be reduced volumes tomorrow and scoring another lower low or closing below 9.5.
Disclaimer
Technical analysis is more of a sentiment analysis with tools that help understand market forces, it is not meant to be used alone for making investments decission nor should this post or any other be used for such decisions.
Neutral on Hut 8 miningVery disconcerned over Hut 8 mining. As I just recently bought 8 shares of RIOT because I found a great price entry I am curious to see what Hut will do in the next coming weeks. For me a see a drawback around $9-10. From there it will be much easier to see what this stock will do from there. I m very bullish on bitcoin mining as a whole. ANd I am staying away from cryptocurrency exchanges. Especially after today seeing all the exchanges crash and have connection issues.
HUT - Crypto Miner - Long IdeaNo investment advice!
I do this only for practicing.
Most info on the Chart.
Hut 8 Mining Corp is North America's innovation-focused digital asset miner. Located in energy-rich Alberta, Canada.
Hut 8 has one of the highest installed capacity rates in the industry and holds more self-mined bitcoin than any crypto miner or publicly traded company globally.
It is executing on its commitment to mining and holding bitcoin and has a diversified business and revenue strategy to grow and protect shareholder value regardless of bitcoin's market direction.
