Oil, gas and mining

4 Bitcoin Miner Stocks at MAJOR Support Levels – BTBT CIFR HUT 8 MARA RIOT COIN



Hello everyone! These 4 Bitcoin miner stocks are at major support levels (buy zones), plus we’re going over our weekly update on btbt cifr hut 8 mara riot and coin stocks… So Stay Tuned!

Quick Note: TSLA earnings are today after market close. Follow us on X for the update.

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

Okay peeps welcome back so today we’re going to go over four Bitcoin minor stocks that are a buy right now n macro support let’s get it so before I show you guys the charts well you can already see the charts here but we’re going to go into the portfolio on Robin Hood show

You guys our um basically our btbt positions if we can actually get it to pop up here I’m not really sure why this thing’s not moving but uh anyways so um as you guys can see btbt down a little bit on the day it’s kind of to be expected we’ll

Get into that in the charts here in a minute but we have added a little bit more today as you guys can see um okay for some reason it’s not showing here so oh right yeah sorry we have not added to btbt my bad we added to Cipher not

Btbt uh I’m getting a little confused here anyways um so you guys can see we currently have 143 shares at an average of 350 we may or may not be buying more uh this is a pretty good starting point for us we have not added any to btbt so I

Apologize about that we have like a zillion different positions so it’s kind of hard to keep track of sometimes uh Cipher had a massive sell off today so today may actually be a perfect opportunity to buy the dip uh and we do plan on buying in

The morning but as you guys can see we currently have 130 shares at 337 so we’re about a dollar per share down but keep in mind the Bitcoin having is just right around the corner so uh we did buy some as you guys can see here we’ve been buying ciphers

Specifically uh pretty much all week just go up to the transactions here real quick quick so yeah you can you guys can see that from the start of the calendar week or the trading week I should say uh the 22nd we’ve been buying so we bought on the 19th 17th 19th 22nd

22nd again uh 23rd and six hours ago basically at the market open of today’s trading session so as you guys can see the price is staying pretty close to that 250 range so we are actually buying these but if we go into the btbt chart you

Guys can see that we had this red candle closed last week below the EMAs we told you about this shooting star a while ago we basically said okay if this plays out like we think it’s going to it’s going to sell off from this resistance Zone

And just dump on down and that’s exactly what happened uh we didn’t really think it was going to be this far uh we kind of thought that it would bounce at the EMAs but sometimes that happens you just not every trade is going to play out perfectly it’s all based on

Probabilities so um you know if our average is 350 a share and it goes back up to $5 30 you know A180 profit per share are we going to be mad about that no um so anyways with that being said uh the macro support still at 157 to about $2 a

Share and we are currently at 250 or sorry not 250 um 247 a share so you can see we got rejected off the red EMA here that’s a bearish sign doesn’t mean it’s going to go lower not necessarily so if you got in now and you held to the

Bottom of this resistance Zone you’d get about a 67% return so if you had 1,000 bucks invested we’re just taking a hypothetical number here th000 bucks you get roughly about $670 on your money if you held to the top of this resistance roughly about 93% and if you sold at the

Wick high up here if you just happen to be able to sell at that time you get roughly about 113% returns so that is um more than a 2x on your money so now we’re we’re going to go over to Cipher this is the other one uh

This is the one that I told you guys about as you can see here on the right is down almost 17% today so we had this basically textbook perfect shooting star candle here uh it only would have been more perfect if it was a red candle and

Clos down here but it was close enough so similar to btbt just sold straight off um this is one of the ones that’s sitting perfectly at support okay so you have the death cross on the RSI and the macd but we’re still in Bolt Terror on those

Indicators uh we do also have earnings coming up uh if we happen to get around to it at that time we’ll make a quick text about that or a quick uh X comment about that on X if you guys are not following on X I suggest you do

So um so that way you can get quick updates if you need them but anyways we’re at macro supports so we are below the red EMA and Below all these EMAs the EMAs are curling down that’s generally bearish it could head down to this next support box we’ll just have to wait and

See but if I was getting into this trade fresh I would be buying uh not a lot but at least a little bit here I would start dcing in because it could just kind of bounce around in this zone for a while um and again I say that because you guys can

See that this thing was support turned resistance for almost basically from back here it was support and then it became resistance here as you guys can see roughly about May of 2022 and was resistance for over a full year uh during that time frame so the likelihood this is going to break below

The support I would say is pretty slim if you ask me uh but we’ll just have to wait and see so doing the measurement on this so if we take from the current price to the resistance Zone you’re going to get anywhere from 120% to 135% that’s pretty large that’s well over a

2X either way way you choose to measure it and from the current price now uh to the wick High here you would get roughly about 145% so you’re looking at a two and a half X on your money if you basically went all in now and it went

Back up to this Wick High I’m not suggesting to do that I’m just saying if that’s what you wanted to do um that’s roughly what you would get but do understand if this thing drops uh it could drop pretty substantially you could be looking at 45 to 78% downside

That’s the reason why I said if I was going to get in now I would just DCA um instead of putting all of my money in so Hut 8 is another major one that’s in macro support as you guys can see here we do a quick zoom out you can see

This has been macro support for a long time basically running about a year and a half now um so this is this is a pretty major support level the um bare Market low is actually not much lower than where we’re at right now it’s roughly about $2 a share or so lower so

Uh pretty similar to the price that we got in compared to the low on ltcn but you guys can see that the um all of the EMAs here have C or the the two smaller ones have crossed bearish here uh the red one is still obviously not doing much um and the macd

Has also had a death cross it’s a little difficult to see there with the histogram but uh you guys might be able to see it now so um we’ll just do a quick measurement uh I would say so from where it is now to the top up here or the I

Should say the start of the resistance Zone about 178% so basically if you put a th000 bucks in you would get roughly about $1,700 in profit uh that’s the rough estimate if you put a th000 bucks in and you sold up here you’d get roughly about

2600 so uh your Peak profit potential is as much as 270% this is one of those particular situations where I would say I would put at least half of what I was going to put in here um initially so if I was going to put in a grand I would put in 500

Immediately that’s just me you guys can do what you want um it’s completely up to you I would say this thing is probably just about at its bottom if you ask me so moving on to Riot Riot is another major one that’s in macro support you guys can see that this was resistance

Back in August 2022 so it’s been over a year since this thing was flipped from uh or basically went from resistance into support we’re back in that macro support level you guys can see the last time that we entered into this Zone the move was huge to the upside and

This is a larger Bitcoin minor stock it’s not a small cap like the btpt and ciphers so that move was 118% so uh again we’re below the EMAs EMAs are crossing down or what’s known as a death cross so we have what looks like a triple death cross going on here

Uh means that we could go a little bit lower but I don’t personally I don’t think it’s going to go below 860 a share but I don’t know um if it was me and I was to do this trade just my opinion I would probably put I’d say maybe 25% of

My money in at this Zone uh currently where it is right now at the current price and then I would put another 25% in down here and I would just DCA in if it went lower and uh if it did not well you know you could always add more if you want to

So doing the measurements here uh from the current price if you were to buy now you would get about 87% returns so for a, bucks invested roughly about a $870 profit and all the way back to the previous Peak roughly about 108% or about $1,080 in

Profit uh Mara is the biggest of all the Bitcoin minor stocks as you guys can see here we did have a death cross on the RSI macd is getting ready to have one still sitting on the EMAs um me personally I would not be buying Mar

Right now uh if I was going to buy anything it would probably be HUD 8 btbt and Cipher uh maybe a little bit of Riot but I would not buy Mar right now main reason being is because uh just looking at the charts I mean this thing went straight up to

Resistance this new resistance Zone here and this resistance Zone was hold supposed to hold as support but it did not so for me that is a red flag we got this red close down below here if it had held a support I would say okay it’s good to go back up but it

Did not so what I think is going to happen is it’ll probably bottom somewhere between the bottom of this support at 774 to maybe this red EMA at 1340 um again is that a guarantee no nothing’s a guarantee in trading and investing but that’s just my opinion and

As you can see we’re getting rejected off of the yellow EMA EMA here already uh in the middle of the trading week so I would wait to get in probably roughly around this box if it was me so if you got in from the red EMA back to

Resistance you’re taking a look at roughly about 115% to all the way as high as at the wick High roughly about 130% but if you waited to get back in let’s say just around the middle of this support box here um anywhere from roughly about 187% up to as much as a

215% gain which is more than a 2x so uh the last one we’re going to take a look at as an added bonus is coinbase so coinbase still looking kind of mixed I would say not bullish but not bearish uh macd is getting ready to cross down that’s that’s definitely

Bearish uh RSI already had a death cross still sitting on the EMAs but as you can see very similar to Mara we are selling off at least right now from the EMA that’s what’s known as a rejection so that Wick rejection tells me we could go lower um I’m GNA say what

I said before I probably would not buy any coinbase if it was me unless it got into this box so the box is between 105 to roughly about 114 a share if you manage to get in let’s just say halfway in between this box so we’ll say about $110

Uh you sold at resistance that’s about a 60% gain and you sold at the wick top roughly about 72% so the four Bitcoin minor stocks we’ll just recap this real quick that are at Major support zones right now is Riot which is the biggest one we’ll just

Zoom out so you can see it okay resistance support support and then you have hut8 this is another one so you got support support support support here btbt and Cipher which we personally own so btbt resistance resistance resistance support support all along here and we’re getting close to that

Support and um Cipher which is the other one so Cipher is in major support right now so resistance support or sorry uh support resistance resistance support right in here and back down at support so anyways this is the four Bitcoin minor stocks that are at Major buy zones

Whether you guys choose to buy or not that’s completely up to you we are buying so hope you all enjoyed this content please like comment and subscribe and we’ll see y’all later peace

3 Comments

Write A Comment

Share via