Please leave a comment if there is any alt coin you would like me to take a look at. I will keep my focus on alt coins that are on Robinhood or Coinbase which are more easily available to the beginner crypto investor.
Welcome to Market Psychology 101, where we practice conditioning our minds to find value where there is fear and to be cautious where there is greed.
None of what I say is financial advice. I am not a financial advisor. I am not a trader. Everything I say is based on my opinion that comes with knowledge & experience via a Masters degree and working in a field of Psychology, which I have used to my advantage to find greater value in the stock & cryptocurrency markets.
I consider myself to be a medium to long-term investor with a medium risk tolerance. Never invest more than what you are willing to lose.
I plan to use my videos on this channel to focus on macroeconomic conditions and share my insight with as little bias as possible.
Hey what is up everyone and welcome to Market psychology 101 where we look for Value in the markets when there’s fear and our cautious when there’s greed in today’s video we’re going to be taking a look at Bitcoin mining stocks and if you’re new to my channel I like to break
Down crypto and stocks in a way that we can look at how to increase the value of our investments and to make investing more of a stress-free easier thing to do of course do your own research as you look into things so Bitcoin mining stocks some of them have been pumping
Lately so of course there’s more news about the Bitcoin mining stocks we’re going to be taking a look at the charts with those shortly let’s go to the crypto fear and greed index we did get into extreme greed and something important to know guys this isn’t always a onetoone
Correlation however here we did get into extreme greed going into the ETF approval it was a sell the news event so far and now we’ve come back up really close to it so we’ll see if grade is about to go higher for Bitcoin something else to consider for Bitcoin altcoins
Mining stocks is this rainbow chart here and I know we only have four sets of data points but something to consider is if we are in another fouryear cycle which means the Peaks are about four years apart that the price of things such as coinbase stock Bitcoin miners
Tend to go up with with the price of Bitcoin when bitcoin’s doing well so just something to keep in mind that well you may be buying these stocks and looking for them to do their own individual thing they are very strongly tied to the performance of the crypto
Market before we get into all the Bitcoin Miners and I have a list of about nine or 10 of them let’s take a look at Bitcoin so again you see this Wick up here to the 382 this is a macro Fib from the previous high and low and
You can see see that we got to 49k and then like I told you is the sell the news event so you can see that back here we came down and now we’re coming back up so there’s one of two ways this can go if you look at the last year since
The bottom we’ve been in this uptrend have this trend line to reflect that the price has been obsessed with that trend line as well as these macro fibs that I just showed you and so overall looks like we’re still going up with that trend line however if we are to have a
Reversal of it something you might notice here is that there is some bearish Divergence with the RSI we were going down here and if you drew a trend line here in the RSI you can see we broke above it however you could say that if it only gets so much strength
That there is even more macro Divergence which means higher price lower RSI that’s a relative strength index and maybe we could come down this way for a little bit so when I’m watching watching for on bitcoin is to see whether it’s going to create a higher high here or if
It’s going to go lower so if it stays around these levels and does not get above here where we were at at about 49k with the ETF approval if Bitcoin does not get above there then I would expect it to then eventually come down here so sort of a Elliot wave pattern here
Alternatively like we ‘ve been doing for the last year or so if it gets above then we’re just creating higher lows and continuing up this trend line so take your pick Let’s get into the Bitcoin minor stocks and first we are going to start with Mara Marathon digital
Holdings and let’s go to the weekly the ri is going up the the price is going up this looks bullish this looks good to me and what else looks good is we have a buy signal on the weekly with this indicator and it’s staying above this red line which would
Signify the 20 ma there I have some other Buy sell indicators that have a little bit more of a lagging effect so this one hasn’t confirmed the buy yet still thinking about it if you wanted to wait for more confirmation here is an indicator that does wait a little bit
Longer but if you do want to front run it the other indicator I showed you is one saying that hey this might be a a good time to buy on the weekly which is a pretty strong indicator it may be time to get in on the
Monthly we last had a Buy Signal down here at around $10 and it’s doubled so we’ve gone up there on the monthly as you can see we’re zigzagging around might there be you might say maybe there’s a sell signal coming and we’re still going to be creating macro higher
Lows here in the monthly so even if it did get micro bearish it could still be macro bullish if you see how I’m moving the cursor right there let’s move on to the next one Riot heard Riot’s been doing well lately looks very similar to mea and let’s take this off the monthly
Go to the weekly so actually let’s go back to that because there was something I I noticed and didn’t say anything about in the current month you can see we have a sell signal now this is a current month wearing so this can change however for Riot this is showing
A sell signal right here so maybe we’re going to come back down and price somewhere where this moving average is somewhere around 1020 right now the price is what does it say it’s at 14 so maybe it’s going to come down to about 1020 if we go to the weekly the weekly
Here and so it’s it’s saying 14.55 and currently at 12.7 so what that probably means if I had the guess is that’s just after hours uh Market trading so when it’s going to open up it’s going to be higher so that’s what it’s looking like on the weekly we have
A Buy Signal which is contradictory to the monthly signal we had a sell signal here and we went down from that looks like yep the 236 FIB to the 618 so that was a good move down and now we’re bouncing back up so it looks like things
Are getting ready to possibly be bullish again so we moved down 42% and then from that bottom there we’ve moved up if we’re going to this 14.55 amount that would be 50% up so again sort of like I was showing you in Bitcoin if Bitcoin gets above 49k I
Would expect us to then go higher so it looks like the markets are possibly trying to front run that if it happens or if we if Bitcoin does not go higher than that 40 49k level I showed you it it we could just be zigzagging downwards
So we have a sell signal currently on the monthly however on the weekly we have a buy and we’re going up in price so flip a coin looks like it could go either way clsk clean spark very similar however you can see this Wick that one’s shooting up so
We’ve Wicked up already higher so now we have to redraw our fibs we’ve already moved up higher and anything that we notice here now that we moved up the FIB and that is where we have this lower Wick was on the 618 at 7.64 however we’re up here so out of all
The out of all the stocks the minor stocks that we’ve looked at Marathon looks like has a very strong movement upwards I think not only does it look strong as a chart probably has uh better value than clean spark clean spark does look to be a little bit more overbought
And higher in the price comparatively Riot you might be able to catch it at 14 before it goes up again weigh your own risks and for me personally I I like to buy and hold for at least five years when it comes to stocks and for
Crypto 12 months or more if I can and so you are taking a little bit of a risk because you might buy it here and again we might be zigzagging down to this trend line that we’ve been moving up on at least with clean spark so maybe we’re
Coming back here alternatively you can see how we zigzagged up to this FIB the 618 and then zigzag down zigzagged up maybe here we’re getting ready to eventually zigzag down this Wick that’s that’s macro bullish so far so I I wouldn’t expect this to go down until
Much later if we we are to touch this trend line again and that might be here so let’s take a look at Cipher so Cipher here you can see I drew the Fib from this end and we have this long-legged doe forming and it is green however these can D dramatically react
And go either way so no confirmation on uh Buy Signal yet however guys a lot of these cryptos and stocks tend to be pretty strongly correlated so if you do believe that crypto is going to be going up right now pretty soon then it’s not the worst idea to
Take a risk on this so does this have as strong of a chart as the others maybe not however it does have potential for more value in an investment so right here Cipher sitting on the 618 at around $3 and as you can see after market close it it’s gone up a
Little bit so it’ll be opening up here right near the 0.5 fit so does look like we’re getting ready to go up and as you can see the zigzag pattern maybe we’re getting ready to blast off to a new high so there is some potential there you can see
We’re getting up here creating higher lows higher highs so it’s possibly getting ready to shoot off so Cipher not the worst area to get in let’s keep looking at Wolf Tera wolf very similar to Cipher let’s move that out a little bit make sure I’m
Hitting that Wick as well as I can and what do we see here well as you can see with my trend lines we are sort of forming this wedge or flag pattern if you will and with when we form these flags this is another thing that can show you that the
Price of a stock or crypto can go dramatically either way so if this thing does keep tightening up in this wedge this flag formation that maybe it’s going to eventually shoot up or down so something to consider as far as the price you can see it’s gone up from
Where it is so it’s at or even a little bit above the 618 so getting back above the 618 I would say that’s bullish as far as now we did get this Buy Signal down here so yeah overall I think it looks good if we go down and click the
Year and look at the daily I just want to see what the RSI is doing you can see that we’re still coming up now whether the RSI Peaks over here maybe maybe we’ll have bearish Divergence and it does get higher in price maybe the RSI is going to go
Higher so there’s some time left but I’d say right now it does look be it does look bullish let’s do bit digital btbt move this FIB out a little bit you can see it’s been a it’s been a little bit since I’ve looked at some of these
And where are we at here so this does look more bearish than the others not as much strength in the charts more weakness and again this is where you have to weigh are you looking for a riskier play more potential for higher multipliers getting deep value if so you
Might be buying and holding on to this to the very end of the four-year cycle which I reference over here till the next Peak and selling when we’re starting to get up to you know somewhere from 120,000 to 190,000 so you might be waiting for that for a while sorry I’m
Chewing a food right here my cat knocked over a a bag of candy there’s one left and so I I took executive action so my cat didn’t eat some chocolate I apologize real professional here so potential for more deep value as you can see we had accumulation down here might we be
Getting accumulation here something that is concerning to me is we’re getting lower in the price however let’s look where the RSI is the RSI does look to possibly be going higher so that would be bullish Divergence so if if this did come back down and I’m not sure it will if crypto
Is going to hit or go above 49k but if it did might not might be the worst place to buy in down here if you believe it is going to go up and crypto is going to do well then maybe it’s a good entry point but again all because a chart
Looks like it can give you more multipliers does not make it a stronger chart means it’s weaker and when you if you buy something like this you have to be ready to sell when it pumps and gives you a 2x 5x 10x sell it and never look
Back cuz there’s not as much strength behind it however obviously sometimes you might find Diamonds in the Rough but I I don’t want to give you guys Financial advice however a lot of times when I’ve seen this play out weaker charts that when you get your profits it
It can it can be okay to just take them and not look back let’s take a look at bit Farms so if we go out on the on the weekly we are currently in a Buy Signal dogey possibly getting ready to shoot up higher lows higher highs not since here
Obviously even the RSI looks like it’s going to be going up again so I would say medium low term bullish however it depends where we’re going to see the RSI rest is it going to start forming bearish Divergence and we come down here or is it possibly going
To just keep going up for a little bit so take your bets this chart does look better as far as a fib let’s just go from this low to this High here what do we got so we are currently getting above the 236 or I’m sorry we’re getting over here
At the 382 uh which was at $236 now it’s at 272 272 puts us near the 236 which is up here so might be getting ready to to make new highs here and this is one where let’s take a look at more of the lagging indicator so no Buy Signal yet just like
What was it Riot that we looked at that didn’t quite have confirmation yet so no Buy Signal yet we did get that sell signal I I wonder on the monthly does it say anything different no just had a Buy Signal been going up since then so that’s where bit Farms is
At strong looking chart looks to looks to have more room to run two more Iran and Hut so Iran or Iris energy limited looks very similar to what we just saw no so if we take a fib and go from the low to the high leaving everything back there we close
At 594 which is that’s way up here so that’s getting really close to the 382 up here even though it closed here a lot of after uh hour is Market buying when this is the case guys this is just me it this is why I say time in the Market’s
More important than time in the market this thing’s already going to be jumping up to here so you might be chasing a pump and not to say that you can’t make money so for example you see this Wick when we got a buy maybe in after hours
At one point it was up here yes you didn’t get the low however you still would be in the green as of now and you would have ran from 4 to $4 to around $9.5 yes we’ve gone back down but again higher lows higher highs hopefully it keeps going back up
There is let’s see here we are lower in the RSI and are we higher in the price so we’re right there at 8:15 and here yeah higher in the price lowering the RSI so you could say macro bearish Divergence a little bit and maybe that’s why we’re getting more of
This rainbow rounding sort of pattern here so yeah we’ll see again if Bitcoin gets above 49k I I do believe a lot of these will be making newer Highs real soon as far as within the last year last one let’s take a look at Hut believe Hut
Was the one that had really odd macro chart maybe it was a different one it was a different one I forget the name of it but was a different one so on the weekly we have the cell signal you can see here we’re forming a base let’s take
A look so yeah as we look at the last three months you can say accumulation but then broke down but now we’re creating in this new trend some higher lows here maybe we’re going to be creating a higher high and we’re and after we sold off we might be starting a
New trend up you can see the RSI it’s overbought right now so that’s that’s on a micro time frame on The Daily you can see that we’re possibly getting ready to break through this resistance that was made from all these lower points and shoot back up maybe these
Macro Peaks how they’re going lower is concerning to me ouri going lower overall a lot of that does look bearish just straight bearish however if reversal were to happen pretty soon and Bitcoin is going to go up above 49k this might be a deep value play and obviously
With these lower market cap Bitcoin mining stocks maybe you can get more multipliers out of your play Let’s Take a look again at the weekly so no bu signal yet however I I would consider this he even though with some of the smaller cap stuff they don’t always run as well as
The large caps I I will say they they do tend to follow not always but they can we do have this base we do have this higher low yes we have a couple competing Trends here on the micro on macro take your picks however if if you are looking
To get deep value out of a a Bitcoin mining stock and you do believe that Bitcoin is going to break above 49k and you want to take a shot this is not the worst place to get some deep value on a lower cap Mining stock again do your own
Research see what the Stock’s all about what the revenue is what their expenditures are how much extra cash they have because should there ever be a recession or anything like that some of these companies could go under and something else to consider I I’ve seen the news going both ways on this as
They’ve been reporting so into the ETF I saw bullish news on bitcoin miners when the ETF sold off I saw bearish news on miners things news articles saying that because we have the having that means that there will be half the amount of Bitcoin be mind that’s what happens each
Having half the amount of Bitcoin is being Min and so that creates a supply Crunch and now the news is saying that Supply crunch is going to create more of a demand and then drive the prices up so it’s funny how the news comes out and
Just sort of confirms what the trend is and this is what I try to teach you guys about here at Market Psychology 101 is look for fear in the market and I know we only got down to neutral here on the the fear index but she could say that
Maybe we’re going higher and if we look at Max on fear and greed overall we’re still in an uptrend and we have not yet reversed course again if Bitcoin doesn’t break above 49k that might be a possible reversal to go down this direction or we could break above
49k and just keep going up to these prior Peaks here so it it’s kind of funny how the news sort of matches the sentiment of what’s happening on one hand you have the bearish news when prices going lower to try to keep people out of the market
Probably and say well you know half the amount of Bitcoins being mind and and so it’s going to have half the amount of value and and miners are going to tank you can look this up for yourself there were articles literally two weeks ago saying this now we have the opposite now
We have a lot of Articles these stocks will soar so take the news with the grain of Sal try not to buy into this hype Market psychology 101 when there’s fear when there’s fud if it is a stock you like if it’s something you use you some something you feel potential about
When you see the fud if you’re already putting in and when these stocks are going down and you see these negative articles these are the times to buy when we’re down here when we’re getting lower in the fibs when we’re getting macroing whether on on whatever indicator you
Have some front run some are lagging so try to have try to use some of that reverse psychology to your advantage and instead of feeling what’s the word I’m looking for discouraged when your stuff’s selling off if you’ve done your research and you like the the forward future potential of
A stock and when it goes down you should be getting excited that you’re getting it at a discount so we have to change how we’re looking at the markets we have to change how you’re looking at your stocks again if you do your own research you’ll know when there’s times to get
Deeper value and you’ll make your own risks and decisions there so I hope you guys enjoy this video I hope you have a wonderful weekend and the weather’s getting warmer and better wherever you are viewing from if there are any stocks or altcoins crypto things anything you
Would like for me to take a look at or consider please comment below appreciate you all thanks for watching the video and have a great day see you
3 Comments
Im loading up MARA and Cleanspark for the bull run
some of those r penny stocks be careful
hut has a number of lawsuirs pending