Bitcoin Miner Stocks are at BUY ZONES! BTBT CIFR HUT 8 MARA RIOT COIN Update

Hello everyone! Some of these bitcoin miner stocks are currently at buy zones! btbt cifr hut 8 mara riot, and as an added bonus… coinbase are the plays we’ll be looking at today…. So Stay Tuned!

Disclaimer: Nothing in this video is financial advise, but for entertainment purposes only.

Okay peeps welcome back so today we’re going to be talking about the Bitcoin minor stocks plus coinbase because it is a crypto play and the crypto bull Run’s coming up and the perfect dip bind opportunities that are sitting right in front of us right now

Let’s get it so the first two um big coin minor stocks that we’re going to pull up today because we personally own them are btbt and Cipher so as you guys can see on btbt from this shooting star candle we had here it basically was pretty much a

Selloff um just because the shooting star candle is green does not necessarily mean anything again this was at resistance and also um if it had had a full body close Above This resistance it would not have been bearish but because it closed practically almost perfectly below resistance and had a shooting star

Candle formation um in this particular situation the shooting star candle does not matter so um I’m sorry the fact that I misspoke the fact that it is a green shooting star candle does not matter so with that being said um from the peak to where we are right now you’re talking

About a 50% retracement um it did come down below the EMAs and we have not actually had a close below the EMAs although if we do this week that is confirmed bearishness uh macds might be looking like in the next few weeks they might have a death cross here the RSI already

Did um but am I surprised that it came back down below the EMAs not really I mean was kind of expecting it if you guys take a look at this candle right here you can see that it pretty much more or less did close below the bottom EMA here although it’s

Very very close to having closed above it it’s actually quite hard to tell um really have to zoom in here to see that it did actually close down below it sometimes uh trading patterns do that it’s a bit odd but it does happen sometimes so not really surprised to

Close below but uh pretty good discount right now I would say from the highs um potentially a good place to start dcing in um what I think is going to happen is I think that it is going to come back down to the support box between 155 to

$2 a share that is the perfect bulk buying opportunity in my opinion Could It Go lower of course it could but we’ll talk about that if or when I gu to that point um personally I don’t think it will reason being is because once we

Came above it in April here of last year meaning it’s been almost it’s been in the zone for almost a year um I based on time alone I just don’t see this thing going back down below the zone as you guys can see we were below

This zone for almost a full year and it took a year to break out of it but once we did it’s basically been holding this range pretty much almost impenetrably the entire time so uh let’s take a look at the potential targets we could have here so if you bought now and basically

Held it straight up to the previous Peak you’re talking almost to 2x on your money that’s a 95% gain that’s huge uh that’s actually bigger than some of the potentials on the grayscale trusts in the immediate short term but obviously the great scale trust could potentially have a bigger um upside than these

Bitcoin minor stocks so something to keep in mind if we get to the top of this support here to the previous Peak you’re taking a look at 162% and from the bottom at about a150 a share you’re talking more than a 3X at this point you get roughly almost 250% on this

Position so Cipher um also very similar I would say this is actually probably a better buy than btbt because it is closer to the support box although it’s completely up to you which one you want to buy as you guys can see here every time we got in

The support box all three of these times we had a massive rip to the upside so something to keep in mind there but uh before we get the measurements let’s talk about the actual price action so no confirmed close below yet uh we basically have another two days of

Trading to see if this thing is actually going to have a close below the EMAs then I would consider that to be bearish and say okay maybe buying in this box is your best bet uh macd is getting ready to have a death cross whether it actually will or

Not this week we’ll just have to wait and see this particular pattern right here of the Golden Cross death cross this may take a couple of weeks to play out keep in mind this is on the weekly um RSI has had a death cross I would say we’re still firmly in bullish territory

On Cipher on these two indicators uh no divergences going on right now so um in terms of the buy zones you have 226 to 266 as the current support and then your resistance is 501 to roughly about 540 share uh with the previous Peak High being here at roughly about 560

Share uh do I think it’s going to go back down to this macro support Zone here no reason being is because this is all resistance which has now been turned into support every time we hit this resistance flip Zone that’s flipped into support we have gone up massively we

Just have to get above this one now so with that being said um from the top of this Zone to the previous Peak you’re taking a look at almost a 107% gain or slightly more than a 2X and from the bottom here on uh the bottom of the support to the

Previous Peak you’re looking at roughly about a looks like probably maybe about a two and a half X so 150% that’s still pretty good if you ask me um something to keep in mind these things towards the end of the year if the Bitcoin Cycles are to remain true

Will be pushing all-time highs along with Bitcoin so keep that in mind okay so the ones we haven’t looked at before is Hut 8 we’re going to look at Hut 8 Riot Mara and coinbase so hut8 support is between $4 and uh $9 roughly the resistance between 17 and $22 a

Share uh the price action itself has closed back below the EMA so that’s a little bit worrying but um again you have major major support here this is almost a two-year long support zone so pretty it’s going to be pretty hard to break that to the downside I just don’t

Think it’s going to happen uh but you do have a death cross here on the macd and also the RSI we are also in bare territory on this one so the measurement currently from where it is right now to the bottom of this resistance Zone 86% to the top of it roughly about

150% and so we’ll just we’ll count that also as the top of the support since that’s essentially where it’s at right now so from the bottom to the um the bottom of the macro support to the bottom of the resistance is 361 per and to the top would be about

56% so massive potential moves um how I would be playing this one if it was me is I would basically based on the price action and the fact that we got rejected of this resistance and we have a weak a massive not just a weekly close but a

Massive weekly close below the EMAs I would say if it was me I would not start buying until this thing entered into this Zone that’s just my opinion of course y’all can do what you want it’s your money so now we’re going to look at Riot

Riot and Mara just you all know are the two largest Bitcoin miners in the United States so very similar to Hut 8 we had a weekly close below the EMAs um the RSI and the macd both have had a death cross death cross on the macd is yet to be confirmed because we

Have two more trading days this week so your support is between 830 to about1 $10 or so a share resistance between1 1860 to about $21 so from where we’re at now to the bottom of the resistance you’re taking a look at roughly about a 70% gain to the

Top is about a 90ish per gain now if we go from the top of the support Zone to the bottom of the resistance 81% to the top of resistance roughly about 100% so you get about two extra money from the absolute bottom to the bottom of the resistance about

120% and to the top roughly about 150% so pretty good potential upside there um very similar to hut8 if I was going to do this I would play this particular position I would not get in until the price entered into this support box simply based on the fact that it closed

Below the EMAs and it’s already so close to the support Zone I just for me personally already being in Cipher and btpt I would want to wait until it actually gets into that zone so Mara this is a very interesting one this one in my opinion is probably a

Little bit different than the others uh still technically bullish on the macd uh clear bearish Divergence going on there between the RSI before and the uh price action so we had a death cross on the RSI not really too concerned about that what is more concerning to me

Is the potential that we may actually close back down below this support or um what would have been a support Zone and if that happens this can cannot be considered to be support yet because we have closed below it with a candle body close as you guys can see here we broke

Out of it came up got rejected uh now it’s just a question of whether the price action will close within this zone or not if it closes within the Zone I would say it’s potentially turned into support if it does not then it still holds true as

Resistance uh so the EMA sit between1 1560 And1 1840 per share your macro support is $8 to $12 to be honest I would not touch this thing with a 10-ft pole I think the other four better opportunities reason being is because if we take a look at the price

From the current price even down to the support Zone you’re talking about a 27% drop all the way down to a 55% drop that is a huge drop uh the downside risk is much less with the other four but if we were to take a look at the current price to let’s

Say um let’s just say the top of these candles so roughly about 56% and to the previous all our previous swing High roughly about 80 3% so not quite as good as the others um if you were to catch it down in the support box

Here which I think it is going to come back down to and you’d be looking at anywhere from 120% to 140% potentially all the way up to 172% and if you were to really be good at this and catch it all the way down at

The bottom and just bulk buy uh you’d be taking a look at 247 per 278 per and 330 is% respectively so coinbase is the last one um you guys can see the very clear reversal here we had this U kind of shooting starish doy looking candle uh

The fact that it closed equal to this green candle and it was red and it closed back within the resistance Zone was enough to tell me that this thing was probably going to dump and that’s exactly what happened uh just so you all know the drop from where it was to where we

Currently sit right now is about 29% so not as atrocious as some of these other Bitcoin minor stocks it’s not coinbase is not a Bitcoin minor stock but they do you know they are a crypto exchange so we’re going to throw it in there but uh

If I was to buy this I would probably would not want to buy until it gets down to at least this blue EMA here so roughly about 120 bucks a share uh the support zone is between 105 to 114 do I think it’s going to crack that to the

Downside no I do not uh because we’ve held this as uh resistance for almost two years and when we got a break out the breakout was absolutely huge this thing did nearly a 3X and we have not even retested the support Zone yet because it’s so

Bullish um the way I would play this is I would wait to buy any coinbase at all until it gets between 105 to $170 a share that’s just my opinion again we sold off from the RSI got the death cross macd is still bullish but if you were to pick this

Thing up at the blue EMAs hold it to resistance you’d be talking any anywhere from 26 to about 48% gain so that’s not bad and of course you could pick up Coney based on these prices too as well if you want to wait to buy Coney until it gets between coinbase gets between

These areas that we talked about previously here you can um do that as well so um the top of the support to basically the bottom of the resistance is 33% and then 55 5% respectively and from the bottom of this major support Zone to the bottom of the

Resistance 42% and top of resistance 65% um in my opinion I think when this thing hits between the bottom of the support and the bottom em here I think that coinbase is going to have a huge bounce um it’s not just because of the upcoming Bitcoin bull run but a lot of

These big Finance Mega giants like Black Rock and Fidelity their spot Bitcoin ETFs are already available to buy and trade on the markets and more than half of these Bitcoin spot ETF um issuers more than half of them have chosen coinbase as their custodians so that is extremely

Bullish for the price and also Con in my opinion um not Financial advice but in terms of uh btbt and Cipher just see all know we have bought more but uh we’re not going to show that in this video because we have a lot to cover in

The charts so keep a lookout for that on either Saturday or Sunday whether we upload a video on Saturday or not so hope you all enjoyed this content please like comment and subscribe and we will see y’all later peace