HUTC trade ideas
How To: Combine Stock Charts and Share Watchlists with FriendsJust A Quick Video On How To:
1. Combine a bunch of stocks on a single chart so you can identify which ones are performing best over different periods.
2. Share this list of charts with friends, family, and followers.
I just like creating and saving the overall chart to give people a better visual idea of what you are sharing with them, but you can share your watchlists very simply and easily without having to create the chart.
Note: The watchlist WILL automatically update if you add or remove a stock.
The Saved Chart:
The Watchlist
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HUT8 forward ourlook Since mid-April HUT8 was into a downtrend, and is forming a great rounding bottom.
In past weeks, it seems to be forming a Cup and Handel pattern with a small handle, which usually indicates strength on the pattern accuracy.
Unfortunately this is being driven by underlying asset movement (BTC bull run) however the company scheduled to announce progress in miners being operational and commencement of GPU miners with low mining cost which explains the sentiment.
Closing and sustain a closure above 7$ with similar volumes as last week would put a target of 10.6$ on the midterm view.
How To: See Stocks Percentage Change On Your ChartsJust a simple way to see how your stocks have performed over a period of time in terms of percentage gain or loss.
Whatever period you have displayed on your chart, this will show the percentage change from the start to the end of that period.
Short version is go to Chart Settings -> Scales -> Symbol Last Price Label -> Price and Percentage (from the drop down)
$hut (btc miner)i wouldn't personally buy this stock up here, but i will share a follow up post with a really nice trade setup in the coming weeks.
we'll catch it for a 40% discount and ride it all the way up to $26 into the end of this year ~
ps. i have about 15 more of these miner setups that i'll share as we get closer to the day (when btc could confirm to me with strong conviction that this is not indeed a suckers rally, but a real wave 5 impulse).
$HUT Wyckoff re-accumulation after declineHut 8 Mining Corp. operates as a cryptocurrency mining company in North America. The company engages in industrial scale bitcoin mining operations. It also owns and operates 38 BlockBoxes in Drumheller, Alberta; and 56 BlockBoxes in Medicine Hat, Alberta. The company is headquartered in Toronto, Canada.
$HUT is gonna fall todayPupm&Dump trading strategy idea.
$HUT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $6,89;
stop-loss — $7,37;
take-profit — $5,93.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
HUT - Look for 50% Fib extension as resistanceHut 8 Mining Corp. is a canadian based digital asset miner. Look for 50% Fib extension as resistance, $6.82. Right now, Bitcoin is pulling back 1%. Options flow: The Aug 20 expiry, put/call ratio = .11 and Sep 17 expiry , put/call ratio = .05. IV is high with earnings Aug 12th. If you own shares, you can sell puts to capture premium. Good Luck!
HUT Daily AnalysisComing up to a key supply zone. Two possibilities can come from this. Either the price breaks above and, ideally retesting resistance and support, runs to test higher levels.
or
The broader market seems some pressure and this level is rejected causing the price to retrace to the 200 SMA, and if that can't hold then the demand zone below.
Waiting for confirmation will help you pick a direction early on in the rally. This can be found in the form of a break and retest for an upside breakout, or a bearish divergence from a mean reversion trade.
Setting up this trade with a profit factor of 2.0 or greater makes it statistically efficient to trade.
HUT8 reversalNASDAQ:HUT is a BTC mining company (they will add Ethereum) soon that was traded in TSX and OTC for long. It is one of North America's largest, innovation-focused digital asset mining pioneers, supporting open and decentralized systems since 2018.
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. Hut 8 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. The Company's multi-pronged business strategy includes profitable digital asset mining, white-label high performance compute hosting, as well as yield & income programs leveraging its Bitcoin held in reserve. Having demonstrated rapid growth and a stellar balance sheet, Hut 8 was the first publicly traded miner on the TSX and the first Canadian miner to be listed on the Nasdaq Global Select Market.
As you can see HUT8 was tracked since late 2020, it moved along BTC wave and score an all-time high at 13$, then moved into a massive downtrend for the past 4 months. After its listing on Nasdaq mid June, volumes started picking up due to strong fundamentals while BTC was still under pressure of correction.
With recent BTC bull-run HUT8 is in technical position to start reversal from previous cycle, again fundamental will play major role given recent corporate targets.
This is the first post, so take it with its mistakes :)
Market Alpha Watchlist - HUTSymbol: NASDAQ:HUT
Price: $8.43
Percent Change: -4.04%
Volume % Change: 8.43%
Opinion: Possible Bull Flag Breakout. Marked levels where this pattern will fail.
$HUT is gonna fall todayPupm&Dump trading strategy idea.
$HUT is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $5,67;
stop-loss — $5,93;
take-profit — $5,17.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$hut hut8 mining , good entry pointHut8 is my 2nd favorite btc miner, good entry point $3.5-3.9
Latest offering was around $4 and banks bought it up.
I started base position with 1k shares at 3.9 , will average down if price drops. I don't like btc chart right now, but btc can play on its own rules , out of all miners, there is way more upside if btc doesn't tank. Look at my previous ideas on $riot . I bought in right bfr the bull cycle under $5
Set...HUT!HUT volume beginning to pick up after its Nasdaq debut. But will it be enough. Even before jumping to the higher exchange, the crypto stock saw clear levels of support/resistance between the 618 and 786 fib levels. With Musk starting to chip about Dogecoin again, it will be interesting to see if we get a crypto reboot this summer.
" Cryptocurrency mining stocks like Hut 8 Mining (NASDAQ: HUT) have gained interest in the market. The company is a digital asset miner, which includes bitcoin. Hut’s focus on meeting certain ESG standards and environmentally friendly operations has helped it gain some added interest. The recent concern, especially when it comes to Bitcoin mining, is the level of energy usage needed & how that could impact the environment. This week the company bought 12,000 new MicroBT miners planned for deployment by the end of the year. 'We are excited to have identified this unique opportunity to purchase MicroBT equipment that will enable us to almost double our hashrate before the end of the year and substantially increase the number of Bitcoins earned on a daily basis,' remarked Jaime Leverton, Chief Executive Officer of Hut 8 Mining. "
Quote Source: Best Penny Stocks To Watch Now? 10 Top Epicenter Stocks For Your List
HUT BreakoutFinally HUT has broken above the descending 1D trend and closed above.
Look at all those bullish divergences.
Lots of potential in HUT8
HUT's descending triangleWatch for breakout and back test of descending triangle to confirm entry on HUT **New to Nasdaq**
Be mindful that the death cross that is brewing on BTC is also hitting many crypto adjacent stocks, if that connects, be excited for lower prices 😎
Good Luck
HUT got withdrawal syndrome It started off like a bad trip. Someone brought the wrong party goodies and folks started getting ahead of themselves. After the initial thrill wore off someone thought they would gap up and go for broke. The current party is like an after hours club closing "Last call...please would you just leave so we can clean up". Each time they tried to have a little fun the broke the trend, the trend punished them.
Prediction...gap closes, BTC lifts to 90k(cad), new cycle resume, HUT to nasdaq...ATH's by June.
Trading Idea - #HUT8HUT 8 Mining is definitely a BUY! As a trader, I am searching for the "best" entry.
Find a BUY entry around the POC-area: 4.50 to 5.00 CAD!
TARGET: 10.00 CAD
A short-term SHORT is possible with the rejection at the bottom of the descending triangle: 7.20 to 7.50 CAD
- The share price of HUT8 has risen logically with the Bitcoin-hype to an ATH of 16 CAD (+ 800%)! You could think of quick and easy money.
- Nevertheless, it can currently be seen how the latest investments have weakened the share. HUT8 purchased NVIDIA CMPs worth of 30 million USD to increase the company's aggregate operating rate by about 1,600 Gigahash.
- Bitcoin continues its rally as HUT8 invests in infrastructure. As soon as this process is stabilized or even completed, the HUT8 share will go on attack again.
HUT 8 MINING TSX ADAM AND EVE CONSPIRACY!!Buyers are willing to buy higher prices...
== BULLISH
Can prob trade the adam and eve but be wary of triangular resistance but i think it shows u a potential buy in position.
Bullish bias on BTC
Fundamentally a good company.
