And I forgot to mention the new 4,500 machines that gives Argo one of the top production numbers of all miners. So yeah, we could see a big increase this week indeed.
Bitcoin is moving up quickly now. 48k looks to be on the way very soon. Just wait until the February financials come out during bitcoin moving up. I think we could see £3.50-4 here by end of week.
I got a top up as planned on the Bell. No doubt whatsoever with this share or Bitcoin rising. And as you all see the share price at $47.2k is much higher than it was early in Feb. We are getting more of the highs and less of the lows
And we are BLUE! I did say that selling on the bell would only mean you have to buy back at a higher price. We have a great week ahead! Time to enjoy it!
RE: Bitcoin primed for breakout and great week for Argo1 Mar 2021 06:26
Bitcoin is pushing on the breakout point. I think it's very close for the jump up. Great that the final bottom occurred during the weekend and now it can push to new heights during the week. Even better that the next leg up is coming right as Argo release their financial update! Looks like it gonna be a very big week indeed for Argo. And month. And year. And years.. ;)
Bitcoin primed for breakout and great week for Argo1 Mar 2021 05:50
Bitcoin has moved up dramatically to breakout point over night. The next leg up is coming quickly. Profit taking has ended and the bulls have taken over.
Bitcoin is back to where we were on Friday and ready to push up now to a new ATH.
We have February financial update coming early this week which is going to look incredible and above expectations because of the 1295 machines that were delivered and installed ahead of time in January.
I see the derampers are trying their little socks off but here are a few things:
The MACD of Bitcoin has been rising every day lately showing that it isn't gonna go much lower before the big bounce.
As previously mentioned here when F2Pool last did dump and then went long bitcoin skyrocketed on the Tuesday after. F2Pool only did the dump to extend and enhance the bull run. That's why they do it. To make more money. So when bitcoin goes up, it is gonna leave orbit. And also why analysts have predicted $75k plus in short time.
Then Argo are also releasing their February financial update early this week coming. And it's going to be very good as they got 1295 new machines in January ahead of time which will mean that the numbers for February will be better than expected.
Those are the facts. Then of course comes Argo's ability to release unexpected good news. Nasdaq anyone?
So the same thing that happened on Friday will happen tomorrow if bitcoin is still down. If Argo open down the SP will climb throughout the day. It won't drop lower than the open because of the expected bounce from Bitcoin the financial update. So if you sell you'll have to buy back at a higher price.
If bitcoin is up tomorrow then boom and even more up.
The basic point is up either way.
If we do open down I'm gonna buy on the Bell and watch it rise. Do what you want and don't let the silly derampers try to scare you.