$HUT sweep of $6 before higher? $12-18 final target?
מעודכן
I know a lot of people were following the 
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 tagged on the downside, I think that sets up a new long trend.
I'm short a lot of the miners here (HUT, RIOT, MARA) with the idea that the rest of the week, price should fade this move. I'm looking for a sweep of the lows, then if we get it, I will go long thinking that we'll see a strong move through the rest of May.
After the sweep, I think price can go to $12 and as high as $18.
Let's see how it plays out.
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 tagged on the downside, I think that sets up a new long trend.
I'm short a lot of the miners here (HUT, RIOT, MARA) with the idea that the rest of the week, price should fade this move. I'm looking for a sweep of the lows, then if we get it, I will go long thinking that we'll see a strong move through the rest of May.
After the sweep, I think price can go to $12 and as high as $18.
Let's see how it plays out.
הערה
Pivot started to send Hut lower. Let's see if we get to the bottom this week.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.