On today’s livestream, Jesse covered the usual: bitcoin, alt coins, the indices, bitcoin miners, magnificent 7 and more.

The bitcoin miner’s caught my attention so we’ll go through it today. You can watch the miner’s clip if you click here.

Let’s get into it!

$MARA

Marathon Digital ($MARA) might be leading the way. It’s broken out of the downward trendline and today it hit its second short term target.

You can see that $MARA had three higher lows and higher highs, which is a bullish pattern as it works itself higher.

$MIGI

Jesse noted on $MIGI how important it is to take profits along the way with the miners.

At the end of 2023, $MIGI pumped 610% in a 30 day period, and it’s spent the next 130 days consolidating and a -80% move.

To capture a move like that you need a strategy for exit, as well entry because it will move down as quickly as it goes up.

In this case, selling a close below the trending dots on the Sharp Shooter Indicator would’ve been a good strategy.

$MIGI still hasn’t broken out but it’s potentially putting in a higher low.

$RIOT

Riot’s putting in a potential higher low here, breaking out of the downard trendline and has a pending buy signal.

The 200WMA is ~$16.

Let’s go $RIOT!

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Disclaimer

The contents of this newsletter are expressed in my opinion only, none of which is financial advice. Always do your own research as this information is intended for educational & entertainment purposes only.T