The Debt-Laden Wolfpack 🐺 🤔
Next up is Terawulf as promised. Terawulf was my last miner I got interested in but not for the hype around its nuclear mining operation. Moreso, I was looking for miners down major off their highs, and those with a higher max upside. Problem is, this company has over 100 million in debt, and following their monthly and quarterly updates shows that they have no intention to pay it down quickly. Very high risk play!
Technicals : Not much here, as this IPO'd during the peak of the bullrun. 707 algo play is all I got. If WULF can get through this 618 resistance and downtrend line, then we got a nice run shaping up.
I will keep this updated as to their debt. We've seen other miners have massive amounts of debt like this, and paid it off. Pretty sure Bitfarms had a lot of debt at one point for comparison.
Stay Tuned!
Technicals : Not much here, as this IPO'd during the peak of the bullrun. 707 algo play is all I got. If WULF can get through this 618 resistance and downtrend line, then we got a nice run shaping up.
I will keep this updated as to their debt. We've seen other miners have massive amounts of debt like this, and paid it off. Pretty sure Bitfarms had a lot of debt at one point for comparison.
Stay Tuned!
Catatan
Slight daily divergence on RSI Catatan
First hurdle cleared. Onwards to the next 👍Catatan
Got some good news in the press release Wolfpack. Originally, WULF had some crazy idea that somehow buying miners then running them for Bitmain while they are paid off over the course of a year have since changed their stance. This was a terrible idea! And I am glad they've sinced changed it. Here is the latest update with more details on the expansion. I do expect that we will get some more dilution, so keeping as low an average going into 2024 is critical.markets.businessinsider.com/news/stocks/terawulf-reports-fully-funded-7-9-eh-s-and-future-expansion-plans-1032929928
"While the Company previously planned to convert prior deposits towards the S19j XP purchase order into 5,500 miners and host-to-own the remaining 13,000 miners for BITMAIN until the fourth quarter of 2024, the Company now plans to utilize its entire fleet for self-mining operations."
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I may be too greedy expecting 1.50 jsCatatan
Great update for WULF for December. Finally paying down debt 👍Self-mined 334 BTC in December for a total of 3,401 BTC mined year-to-date
Building 3 at Lake Mariner operationally ready with deployment of 18,500 S19j XP miners expected in February 2024
Planning for additional growth with construction of Building 4 already underway
Expansion of existing HPC project supporting generative AI planned for 2024
Expect to repay approximately $14 million of debt with cash generated in Q4 2023, with an $11 million repayment expected in January 2024
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Just a correction to the high. Should read 2023, not 2022.Catatan
Overlap validated. To be expected from such a terrible mining company! lmao 🤣Catatan
First test of .50, if you are bullish then you can start stepping in. I'm sure we'll play around this level. Added some shares here Catatan
This would be my alternate for WULF if we dont hold the 618.Catatan
Sorry, 2024 Miners Performance. WULF bottom of the pack Catatan
My avg on WULF is 1.41I don't think I'll be adding any more shares if we do get down to the dollar area. I have a lot of concerns about this company in 2025 due to their debt. If they can pay larger chunks down then they have a chance. Quite a bit of debt will be due end of year and the need high Bitcoin prices to day pay it down.
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H4 update for WULF! Catatan
Weekly update. Possible fakeout under lower bound. Sell algos here but possibly quite bullish. If we can break this 618, keeps eyes on WULF over the next couple months. Catatan
Getting interesting now. The beta on this is terrible. Even if BTC just sneezes this will dip hard. However, bulls did take out 618 sell algos and both pivots invalidated for bears looking for an impulse. H4 ✌️ Catatan
618 Shorts swept. Once we complete the retracement, draw the fork, set it and forget it. H4 Catatan
H4 Catatan
We'll know very quickly where we are depending on if this 618 holds as resistance and also if we invalidate the pivot high here on WULF. H4 update Catatan
WULF targets up to 3.60. I'll wait to see how we deal with 3 dollars first.✌️ Catatan
WULD, Daily. Will need to see weeks of price data to confirm the breakout of the fork. But looks good! WULFPACK! 🤣🐺 Catatan
Looks like WULF will need more time around 1.50s and waiting for Bitcoin to break upside. But goes to show actually how much some of these miners are underpeforming. In order for WULF to even get back to the 3s it will need Bitcoin over 50k! Catatan
Getting interesting now. Solid sign of strength 💪 Catatan
WULF setup. 1.80s frontrun. Bull market support 1.60sWave 3 targets on chart
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Buyers at the .50 on WULF Catatan
3D, Very Interesting Catatan
Not much to update on WULF. Showing the Daily to emphasis the sell pressure from ATH. But take note, the price is pressing towards the upper parallel, still bullish imo. Entire sector feeling the pain, and surprisingly, WULF not that beaten up 🧐 Catatan
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Great news on the fireside chat with Terawulf! They expect with the increase in hashrate this year the outstanding debt should be paid off 3rd or 4th quarter this year. 🐺Catatan
Fireside Chat with Cantor Fitzgerald youtu.be/7LFZbBxlN78?si=7dFKzJXJoExKygjgCatatan
5D! Catatan
Hello fellow WULFpack. Anyone also considering the strategic East Coast positioning. What are your thoughts?Catatan
Added some more shares. See you boys at the top ✌️🤣💪🚢🌴👋🤭Catatan
WULF 1W Catatan
Trailing, assessing the gap. Daily Catatan
Adjusting trailing stop on H4 using WEEKLY data Catatan
Always TPTrading ditutup secara manual
Closing Charts. TrumpTrade aktif
Trading ditutup secara manual
Non-complianceCatatan
WULF falters at the 100%, a novice's misstep. Overlap signals a tense standoff, the battlefield undecided.
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Net Debt (5) $(27.4) million ➢ Debt fully repaid in July 2024, subsequent to 2Q24
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Appreciate the support everyone!Catatan
New high for WULF! Catatan
meh 
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.