6Mon·

Bitcoin Miner

What a day for $IREN (-9.32%)
$HUT (-11.74%)
$3350 (-3.3%)
$HIVE (-5.73%)

Unusually, miners have made up a lot of ground in the past week. $BTC (-0.53%) The price of IREN is relatively low and yet the miners are on the rise.

I have held my position in IREN and am curious to see what will happen over the long weekend. Ideally, BTC will rise to €95,000 and the miners will rise by over 15% again on Tuesday... we'll see, but as always it could go exactly the other way...

I wish you all a relaxing weekend. 🤘🏼😊

7 Comments

All-in-or-nothing@All-in-or-nothing

6Mon

$BTC in euros, however, is completely irrelevant for miners irrelevant🤷🏼‍♂️ What is relevant is the exchange rate in dollars, which is of course completely different in euros due to exchange rate fluctuations kann🤷🏼‍♂️

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Brody@Brody

6Mon

If you want to actively trade the miners, you need to set the USD support levels for Bitcoin as markers. If Bitcoin consolidates at USD 105,000 and moves sideways, I would try to hedge my profits with a tight SL.
If you superimpose the charts of Bitcoin and the miners, you can clearly see that you have offset leverage on the Bitcoin price. It is therefore not unusual for it to go up or down disproportionately.

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