Hut 8 Mining bullish long term, bearish medium termHut 8 Mining bullish long term, bearish medium term I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.by braheemaliUpdated 2
$HUT send it to $28-$30Updating timing from my last analysis on $HUT. Still think we get a monster move higher from here that happens over the next month. It did go lower than I expected, but I've been using the move down to accumulate even more calls. As you can see from the chart, we've formed a large falling wedge, should it break to the upside we should see a big move higher. My calls are stacked between 1/19, 1/26, 2/02 and 2/09 w/ most of the contracts expiring 1/26 and most are between $13-15 strikes. My guess is that the full move should play out before the beginning of February. Let's see.Longby benjihyamUpdated 11119
$HUT run it back turbo targeting $30ish rangeI've been very bullish on $HUT. Made a good amount of money on the move up and derisked at $17 thinking there would be a pullback. Now we've had a capitulation move down and have now reentered my position w/ both spot and calls (I've averaged in all morning between $12.90-$13.70). Thinking we're going to see a massive move up over the next 1-3 weeks targeting the $30 range. Let's see how it plays out.Longby benjihyamUpdated 10
Hut 8 Mining (HUT: NASDAQ) 🚀 Hut 8 Mining NASDAQ:HUT has completed a merger with US Bitcoin, forming Hut 8 Corp. This strategic move, coupled with the upcoming Bitcoin halving event in April 2024, may boost the stock's performance. Historical patterns suggest potential demand for mining companies like HUT. The bullish outlook sets support above $11.00-$11.50, targeting an upside of $20.00-$22.00. 🚀💡 #Hut8Mining #BitcoinMining #CryptoNewsLongby Richtv_official6
long entry HUT observing the left chart we have the daily timeframe and we have 9/10 consecutive days of bullish momentum or 3/4 weeks of bullish momentum as shown on the right. If momentum continues price target of 22.75, 21.55,18.30 are some key resistances prices id keep an eye for any signs of reversal. the Price action leading more upward momentum is backed with significant volume as shown on the left side chart with the volume indicator used. The macd line is about to cross over the signal line with volume in bold showing good volume possible pushing past the histogram(switching the daily to the right side the macd line and signal line are well above the histogram backing the momentum from buyers. Longby nickso8332
Hut 8's Trend AnalysisHut 8 has broken the falling trend channel in the medium long term and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. There is no resistance in the price chart and further rise is indicated. Investors have steadily paid more to buy the NASDAQ:HUT , which indicates increasing optimism and that the price will continue to rise. Price Momentum NASDAQ:HUT is trading near the top of its 52-week range and above its 200-day simple moving average, indicating a Bullish Bias or Trend Continuation. Longby DEXWireNews3
$HUT: Hiking up 15Despite it's this run so far, it is possible we see crypto names continue to move higher as a potential Ethereum and Bitcoin breakout could be on the horizon. Longby Fox_TechnicalsUpdated 111
Hut 8 Announces a New Bitcoin Mining Site in Cedarvale, Texas Hut 8, a prominent Canadian Bitcoin mining firm, has announced an interim agreement to establish a new mining site in Cedarvale, Texas. This development emerged in the wake of the Celsius Network bankruptcy proceedings, marking a strategic pivot for both entities involved. Hut 8 Expands Operations Amidst Crypto Turbulence The new site in Cedarvale is set to become a major hub for Bitcoin mining, with Hut 8 planning to deploy approximately 66,000 miners, powered by over 215 megawatts of energy. This expansion underscores the firm’s commitment to growth despite recent market volatility. Asher Genoot, President of Hut 8, highlighted the dual objectives of this venture, to build equity with Celsius’s creditors and to bolster their managed services business. The anticipated addition of this site will bring Hut 8’s total infrastructure to over 895 MW, marking a significant milestone in its operational capacity. Construction of the Cedarvale site is slated to begin shortly, with Hut 8 overseeing a comprehensive range of services including design, engineering, financial modelling, and construction management. This full-spectrum approach demonstrates Hut 8’s expertise and readiness to handle large-scale mining operations. Celsius Network’s Ongoing Restructuring Celsius Network’s involvement in this project is critical to its restructuring plan following its 2022 collapse and subsequent bankruptcy declaration in July. The former CEO, Alex Mashinsky, faced legal challenges, including arrests on multiple fraud charges, contributing to the company’s destabilization. This partnership with Hut 8 comes after Celsius received bankruptcy court approval to transform into a creditor-owned Bitcoin mining firm. This restructuring is part of a broader strategy to repay customers and stabilize the company. As part of the post-bankruptcy plan, Celsius’s mining operations were to be managed by US Bitcoin Corp (USBTC), which merged with Hut 8 in November 2023. This merger followed a previous agreement in August 2023, where USBTC agreed to host 8,500 miners for Celsius at its Alpha Site.Longby DEXWireNews2
$HUT Push Coming Off Of OTENASDAQ:HUT expected to buy off of OTE @79% on our Fib. Expecting it to at least match recent highsLongby FASTFOODFX553
$HUT Hut 8 Wyckoff AccumulationNASDAQ:HUT Looks absolutely primed and ready for take off... 1) Break out and retest of the ATH downtrend. 2) Finishing up Phase C LPS accumulation. 3) 2nd highest CRYPTOCAP:BTC holdings out of all the Bitcoin miners.Longby brandontusk6
Hut 8 Completes U.S. Bitcoin Merger After 400% RallyKey Takeaway i. Two crypto companies ended November 2023 by successfully merging. ii. This deal has given rise to the newly minted Hut 8 Corp (HUT). iii. The crypto mining firm is in an excellent position to ride the current crypto wave to new heights. Bitcoin Rally As the current crypto rally continues sending Bitcoin (BTC-USD) upward, two leading companies in the space have completed a successful merger. On Nov. 30, Canadian crypto mining firm Hut 8 Mining Corp (NASDAQ:HUT) announced that it had officially joined forces with US Bitcoin Corp. This move could easily create a prominent new crypto player. Today marks the first day of trading on the Nasdaq and Toronto Stock Exchange for the newly minted HUT stock. While the previous shares of Hut 8 have been delisted from both exchanges, investors who held it will receive “0.2 of a share of New Hut common stock for every Hut 8 share held.” What should investors expect from this new crypto stock as the rally keeps digital asset prices elevated? Let’s take a closer look at this new company and assess what its future may hold. What’s Happening With HUT Stock Prior to the current rally, most crypto mining stocks had been struggling as they faced an uncertain future. Now many companies in the space are back in full focus and investors look for ways to profit off the current rally. The timing has been excellent for HUT stock. Shares surged on November 30 on news that the merger had been completed. While the momentum has slowly subsided today, the new stock is still up almost 350% for the month. The timing of this business combination is important for another reason. The next Bitcoin halving event is slated for April 2024. Cointelegraph reports that after the merger, Hut 8 has “access to approximately 825 MW of gross energy across six sites with self-mining, hosting, and managed service operations.” Historically, Bitcoin halving occurs, it often boosts the crypto’s prices. Crypto miners will be bracing for it and its new power puts Hut 8 in an excellent position. What Comes Next How long will the current crypto rally continue? No one can say for sure. But with the next Bitcoin halving approaching quickly, HUT stock will likely benefit from the momentum generated by the event. There’s no denying that Hut 8 has always been heavily reliant on underlying crypto sentiment. But right now, sentiment toward Bitcoin and other leading cryptos is bullish. For the time being, the new HUT stock is well positioned to continue riding the wave. Crypto mining stocks are at the mercy of a volatile market but at least for now, investors can relax. Price Momentum HUT is trading in the middle of its 52-week range and above its 200-day simple moving average. What does this mean? Investors are still evaluating the share price, but the stock still appears to have some upward momentum. This is a positive sign for the stock's future value.Longby DEXWireNews3
Hut8 Long - Merger + BTC ETF A couple of factors point to upside pressure.. These setups can always fail though. What I'm looking at is this BTC miner has lagged behind others but has upside pressure factors currently. US Bitcoin Corporation shareholders approved merger. Final by 11/30 hopefully. BTC on a run to 40k with potential ETF approval 1/10 Any news of fixing current mining capacity could cause it to run. Chart looks primed. Longby codemonkeytx7
HUT: Gap filledLook like the gap was mostly filled today. I like the idea of it going up with the good new it got last week. Interesting anyway, thoughts?Longby Tainos776
Hut8 Inverse head and shoulderThe Bitcoin Halving is sometime around Apr 24, 2024. Will we have a Bitcoin Havling pump for Bitcoin Miners?Longby ethmike8
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT EARNINGS RELEASE: This Thursday 17th August 2023 👀 ⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues . o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider. o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally. o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc. THE CHART The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations: 1. MACD CROSS 2. OBV VOLUME BREAKOUT 3. RSI OVER SOLD Safe Trading folks PUKAby PukaChartsUpdated 6
Hut8 Mining looks like dog poop on paper but the charts dont lieThe cup shows that it is nearing a bottom and will start trending upwards. Its already done a ~60% retracement from the highs from this past summer. Longby rl268417992113
Long HUTClosed HUT shorts, epic trade. Longing HUT here in size (for me). Massive decline, bullish doji daily candle. RSI bottomed. 200 da MA prob wont get hit (if it does I add). Diagonal support. Expecting a btc pump here. Not Advise, good luck.Longby A5gamakatsuUpdated 4
Adding to HUT shorts hereTechnically this is a short, went in small size last few days adding here. BTC looks like its about to puke. Stops at acceptable losses for most of the shorts, few will ride a bit. Not advise.Shortby A5gamakatsuUpdated 225
Long Hut 8 Mining Corp. $HUTHut 8 stands out as a pioneering force in North America's digital asset mining landscape, with a strong emphasis on innovation and a notable role as a high-performance computing infrastructure provider. As one of the industry's pioneering miners, Hut 8 has left a significant mark. Notably, on June 26, Hut 8 made a significant move by entering into a credit facility valued at US$50 million, establishing a partnership with Coinbase Credit, Inc. With an EARNINGS RELEASE scheduled in just 3 days, the anticipation for the upcoming announcement is growing.Longby Gabriel-Dao0
HUT supportif we can hold this it can become a new bottom/support if we fall below the range we may have significant downside.... with the way the market has been moving i am looking for support to holdLongby cointrustmoon1111
200-500 Setup & 4 Inside Monthly BarsAnother 200-500 moving channel daily. For this one, the monthly's have been consolidating inside for the previous four months. The move out of this range should be at least the size of the largest of the four inside bars; in this case about 1.00. Overhead is also the annual pivot. Stop out on a monthly close below the low of the last close of the four bars or, alternatively, 0.50.Longby gkmUpdated 112
HUT 8 Mining: Bearish Pull Back Before Bullish ContinuationThere is a Bearish Butterfly on HUT 8 Mining with Bearish Divergence on the CAD pairing and it suggests that we may pull back to try to test old resistance as support before continuing higher later.Shortby RizeSenpai1
Possible 50% up move on $HUT Strong up trend forming on $HUT. Resistence on $3 level. If it clear that, $4,$5 possible targets ahead. My stop loss would be $2. (Max stop loss). If breakout is weak, I'll close the position.Longby K-alonzi112