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Bitcoinminersriotmara

CleanSpark Major Potential CleanSpark Inc - NASDAQ:CLSK This is a unique mid tier BTC miner that is edging ahead of Cipher Mining in terms of size, production and reserves held (See below for the pecking order of 4 BTC miners). The CLSK Trade - Ideal entry would be bounce off 200 DSMA - Risk/Reward from here is 5.55 which is not bad - Stop Loss placement at 200 DSMA or POC Chart Positives - High Volume is ideal signifying increased interest ,float and momentum - Price above POC - Price above 200 DSMA - Pennant price congestion reaching its decision point The Pecking Order for BTC Miners covered to date 1. Marathon Digital NASDAQ:MARA have 156,600 rigs & mined 825 BTC in Mar 2023 (12,964 BTC Reserves) 2. Riot Platforms NASDAQ:RIOT have 95,904 rigs and mined 592 Bitcoin in June 2023 (6,696 BTC reserves) 2. Clearspark NASDAQ:CLSK have 87,936 rigs and mined 575 Bitcoin in July 2023 (1,061 BTC reserves) 3. Cipher Mining NASDAQ:CIFR have 70,000 rigs and mined 493 bitcoin in May 2023 (518 BTC reserves) Clearspark has earned its place above Cipher mining however both companies have been investing much of their Bitcoin into expanding their production lines this year which is why they have lower reserves than the likes of the well established RIOT. We will need to keep a close eye on both going forward as they both fully intend to continue to expand. I am already invested in NASDAQ:CIFR with a small initial position (previously shared a chart on this). I'll be looking for NASDAQ:CLSK exposure between here and the 200 DSMA. The risk reward is reasonable and the chart is attractive. PUKA
NASDAQ:CLSKLong
by PukaCharts
16
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR - Inverse Head and Shoulders breakout & retest? - Above 200 day SMA with turn up - OBV increasing - On daily chart we are above the Point of Control which aligns which closely with purple horizontal - We could see a retest of this line so I would be DCA'ing from here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here. In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also. Fundamentals (for fun and stamping the stock into our mind): - CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player - Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs) - Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023) - CIPHER announced record production during the month of May 2023. It appears things are just heating up. Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
NASDAQ:CIFRLong
by PukaCharts
1
I Predict A RIOTRiot Platforms NASDAQ:RIOT - Above 200 day SMA & sloping upwards - Ascending parallel price channel . - Break of OBV resistance levels have been positive - We have just broken above the Feb 2021 OBV high New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it. As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners. I previously covered CIPHER Mining NASDAQ:CIFR and Marathon Digital Holdings NASDAQ:MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move). You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder. Play it safe PUKA
NASDAQ:RIOT
by PukaCharts
2
RIOT BLOCKCHAIN A LEADING INDICATOR FOR BTCAs I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move. The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down. This has happened perfectly in sync since RIOT has actually started mining BTC. Currently, RIOT has already started a bullish breakout and is up about 54% since the local low. BTC on the other hand is currently up about 9% from it's local low. RIOT will be very important to pay attention to going forward, as they have a large amount of their shares owned by institutions, as well as close to 2% ownership of the BTC hashrate coming soon. Just wanted to point this out! Always good to find an edge somewhere ;) - CA$HLESS
BITFINEX:BTCUSD
by CASHLESSSOCYS
6
RIOT BLOCKCHAIN A LEADING INDICATOR FOR BTCAs I've pointed out in the chart, every major move that has occurred in BTC has come on the back end of a RIOT Blockchain move. The 2 are obviously correlated, and picking through the price history dating back to the major dump of 2018, I've noticed RIOT always goes first, whether it be up or down. This has happened perfectly in sync since RIOT has actually started mining BTC. Currently, RIOT has already started a bullish breakout and is up about 67% since the local low. BTC on the other hand is only up about 28% from it's local low. RIOT will be very important to pay attention to going forward, as they have a large amount of their shares owned by institutions, as well as close to 2% ownership of the BTC hashrate coming soon. Just wanted to point this out! Always good to find an edge somewhere ;) - CA$HLESS
NASDAQ:RIOTLong
by CASHLESSSOCYS
1