We have another BTC correlated stock in a descending triangle breakout. A back test of the triangle is underway and my feeling is that it could run if bitcoin holds steady or goes sideways. We are showing oversold conditions with oscillators swinging momentum to the upside.
According to the company itself it "ranks in the top tier of global mining operations, around 0.7% of the world’s Bitcoin mining network hashrate". Keep in mind I am trading on BTC correlation and technicals but have done very little due diligence. Not financial advice, DYOR.
According to the company itself it "ranks in the top tier of global mining operations, around 0.7% of the world’s Bitcoin mining network hashrate". Keep in mind I am trading on BTC correlation and technicals but have done very little due diligence. Not financial advice, DYOR.
