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HUTMF

Long HUT 8 MININGHut 8's revenue is EXCLUSIVELY Bitcoin so when Bitcoin is pumping, it's rough watching Hut 8 declining. Anyone who's held this stock for some time, has felt that pain at least a few times. Today was especially frusterating with Bitcoin reaching all new highs and this stock dumping from the open, down 6.17%. But today's decline was technical in nature. We're inside a triangle and it was testing the lower part of that triangle. We actually went outside of it, which would have been bad if we hadn't closed back inside. Now that we're inside, expect a retest of the upper trendline. If Bitcoin is still up, it's likely going to break to the upside. I'll be long until I see us close outside the bottom trendline.
TSX:HUTLong
by businessjeremy
1
HUT - Cup and Handle pattern on dailyThis canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot have less net cash. HUT uses natural gas and Wind farms for energy, so a little cheaper production cost compared to MARA and RIOT. HUT has 3000 BTC inventory, MARA 4812 and RIOT 1053. *I live 2 hours away from their mining facility. Go Bitcoin! :)
TSX:HUTLong
by hockeysniper