IREN - Full Breakout Now On

Lets be real here, most BTC miners look in bad shape and this is a dicey market.

Top tier miner MARA you might think is warming up, but I say it is having a dead cat bounce.

So perhaps a change of guard is happening and market favour has shifted in favour of IREN.

IREN is the clear winner in this area and the only clean chart.

Higher time frame contraction pattern has led to a pump.

And from there was a lower time frame contraction pattern into a continuing pump.

These are both cause building events and now breaking above the top, the sky is the limit of how how this could go.

Its not without risk though.

If Bitcoin were to wobble then this could have significant downside.

But currently Bitcoin looks gentle and stable which is ideal for this pump to continue.

Apparently IREN is a big deal in miners.

This is apparently the market favourite.

Not advice.

コメント:

Going well so far though I've got my eye out for any bearish twist.

I am short COIN now - see my ideas page for details.

手動でトレードを終了しました:

Here comes that bearish twist.

I did take a little profit on this

And now fully exiting as miners a looking a bit bearish here.