Is Hut 8 Trading In A Descending Triangle?
It would be interesting considering Bitcoin broke down from a massive descending triangle recently. Maybe this is one giant bull flag, but I don't see why Hut 8 would rip to the upside & break resistance if the underlying asset is declining in price.
Hut 8 has held up relatively well compared to other publicly traded Bitcoin & cryptocurrency miners. Even compared to Bitcoin itself. Bitcoin is down roughly twice as much as Hut 8 on a monthly & 3 month percentage gain basis. Weird.
I think the up listing the TSX is going to actually have a very bad effect on the sp & I wouldn't be surprised to see this get into the low 90c range. The tsx isn't your friend, lol.
Time will tell per usual..
Hut 8 has held up relatively well compared to other publicly traded Bitcoin & cryptocurrency miners. Even compared to Bitcoin itself. Bitcoin is down roughly twice as much as Hut 8 on a monthly & 3 month percentage gain basis. Weird.
I think the up listing the TSX is going to actually have a very bad effect on the sp & I wouldn't be surprised to see this get into the low 90c range. The tsx isn't your friend, lol.
Time will tell per usual..
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.