HUT 8 MINING, RIOT, MARA , HIVE AND DMGI

WHAT IS HUT 8 MINING:
Hut 8 is a bitcoin mining company with industrial scale operations in Alberta, Canada. Hut 8 provides investors with direct exposure to bitcoin through both its bitcoin mining operation and by holding its bitcoin balance.

LONG TERM PROJECTION USING FIBONACCI EXTENSIONS ( NOT FINANCIAL ADVISE )
WAVE 3: 26.08, WAVE 5: 41.54

Today update on price action of crypto and stocks. I will try to cover some news and how can affect markets.
HUT 8 MINING IS A CRYPTO MINING COMPANY WITH STRONG FUNDAMENTALS AND A VERY NICE CHART!!!

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Welcome to the cryptonet so hotted mining you can see uh he really doesn’t want us to make money actually I don’t know if his goal is to make us lose money but definitely I am starting to lose Faith uh to this um this company and uh yeah because when you

Check all the others are green and still managed to uh to make a minus three almost percent amazing amazing actually this is a a very good uh I would say stock to short at the end anyway now enough to be sarcastic so I did let you know in my

Last video that uh I think I’m I’m going to start to scale out because it’s not performing yeah I’m going to leave a little bit on a table because I suffer so much that um if he realize or if he wake up and actually start to be be

Productive then I don’t want to be left out but uh I think it’s time to uh delute my uh my risk and I found uh yeah it’s not that uh good for the moment also I did mention last time that we’re going higher and then I think I was

Saying let’s you know hopefully can break this downtrend and sit on it but then you we got rejected once more now is everything lost not at all because if I zoom in a little bit um maybe even more okay so I’m going to say that uh where is my box

Here it starts to be a little bit challenging H honestly but I would say this box here it’s uh I would say I I call it a resistance and support uh because here was a resistance uh resistance acted as a support and now it’s acting as a

Support so it’s not that bad okay ideally I would have loved to see uh hot and money well okay we went up would have been better to stop here but it went even lower so not very reliable also we did kind of you know you can see

Three wave up one a a b and a c so that’s also very not great now that being said you know you Skyrocket I’m being I’m being positive you sky rocket when I using that word the least he could have done is like just stay here on the top on the

Previous resistance and after that you know maybe challenge again this uh long-term downtrend but no he had to go lower how dare you anyway so now I’m I’m going to say now this is critical point because if we lose also this one well yeah like where are we

Going honestly let me go and check if we have uh bigger supports uh somewhere else yeah it’s uh uh yeah the only thing I can see here maybe it’s this little uh level here so I’m going to put a a horizontal Ray here and say here was a

Kind of uh mild support and otherwise we’re going to get back to this uh lower low and then you know it’s it’s really not looking good because we start to knock to this level here here and uh not optimal uh setting but you know try to be positive

So let me see if I can do some FIB Miracle here definitely I don’t think we did reach the 1.618 if I take this as a wave one and this as a wave to my goodness maybe maybe oh almost okay okay now we’re talking and uh okay so if so I’m counting

This no it’s the other one I’m counting this as a one here it’s a two all this is a three almost reached the target so that’s amazing that’s the four and eventually the five now let me tell you a story well on Fibonacci and waves actually in

OT waves wave four cannot go in territorial wave one so that’s a bad news right okay so unless this is a diagonal so let let’s go for that so if indeed this is a wave one and this is the wave three and I clone the

Trend and I put it here here so it means you see that I put my uh maybe I should put it a little bit bigger for you guys at home uh where was the setting I don’t remember man uh visibility visibility here you go uh uh maybe

Intermediate there you go okay so 1 2 3 4 and eventually five uh for that level honestly this is not my favorite count so I will show you uh why after okay now now I’m going to do a fib retracement of this third wave so looking for a 0.618

Here actually I should have just added here this is the target where usually the wave for go to into a diagonal so it could go still lower and we will be still okay okay now I’m going to share uh my view for you know more positive uh count for

Hot I’m going to say this is the a b c of the wave one then after that we’re going to do a wave two then a three a four and a five now I put them there but it’s it can go quite far right and let

Me uh so this is going to be honestly my my primary colors I’m going to put in green okay so this would be my favorite count now I have no uh you know the the chart cannot is not showing me that that but this is

What I’m looking for this is I would say it would be more bullish at least because having five ways like this it’s it’s not that productive it doesn’t give you uh much and uh now let’s see some indicators so 4 hours well you know you can see thei is

Not completely oversold it can still go lower but technically if this is indeed the third wave uh this would be kind of enough level for the fourth wave I could make that fifth uh alleged uh Le fifth wave now if I go on The Daily is it same

Story so this was the one this is the two the third see the third is like usually in pulsive uh movement the third wave really go near or even into the overb territory this is a mild one so this is another que that know this is a

Diagonal and uh there you go for Ed mining hopefully you enjoy the video please like subscribe and hit the notification Bell but uh yeah so once again I I want to maybe scale out from uh uh hot and Mining and delute my investment in mining into Mara and Riot

Now I need to do some research more or analyze more chart to see what’s what’s the best chart uh and start to to pick some because I’m uh yeah I’m not happy with um with thoughted mining so it’s either uh Riot or Mara actually Mara it does look

Very actually I don’t like this this thing though so but could be also once again oh yeah that that’s it because this was so once again I would say this is a a b and now this is a c uh for the one

We had a b c for the two and then this is the a the B and the C uh yeah a b and now we’re starting to do something to reach higher levels now I’m kind of spreading myself to uh this Mara so if that is the

Case I’m going to uh remove that and see if that was the A and this is the B you can see that b is like a b c with to complete the B wve and now the C wve should have a five waves now maybe all this is a wave one I

I’m I’m not comfortable to call that a one two a three and a four even though it would reach uh the target uh anyway we we shall see I’m going to uh investigate a little more uh spend more time with those chart and also we have Hive

Uh that it we’re having you know it’s actually going where I was expecting didn’t reach yet so that’s another one that we can look for it and here around $7 then is going to be decision point so this is what uh I I want to see okay I want to see the trend

Broken have a retest and then uh you know have a reaction if we do have that then amazing uh and once again I do already have some Hive they did a split uh consolidation so he really uh I’m really unhappy on that one as well all right

So once again please like subscribe and hit the notification Bell and have a good day