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!
Uwaga
Slight daily divergence on RSI Uwaga
First hurdle cleared. Onwards to the next 👍Uwaga
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."
Uwaga
I may be too greedy expecting 1.50 jsUwaga
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
Uwaga
Just a correction to the high. Should read 2023, not 2022.Uwaga
Overlap validated. To be expected from such a terrible mining company! lmao 🤣Uwaga
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 Uwaga
This would be my alternate for WULF if we dont hold the 618.Uwaga
Sorry, 2024 Miners Performance. WULF bottom of the pack Uwaga
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.
Uwaga
H4 update for WULF! Uwaga
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. Uwaga
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 ✌️ Uwaga
618 Shorts swept. Once we complete the retracement, draw the fork, set it and forget it. H4 Uwaga
H4 Uwaga
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 Uwaga
WULF targets up to 3.60. I'll wait to see how we deal with 3 dollars first.✌️ Uwaga
WULD, Daily. Will need to see weeks of price data to confirm the breakout of the fork. But looks good! WULFPACK! 🤣🐺 Uwaga
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! Uwaga
Getting interesting now. Solid sign of strength 💪 Uwaga
WULF setup. 1.80s frontrun. Bull market support 1.60sWave 3 targets on chart
Uwaga
Buyers at the .50 on WULF Uwaga
3D, Very Interesting Uwaga
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 🧐 Uwaga
Uwaga
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. 🐺Uwaga
Fireside Chat with Cantor Fitzgerald youtu.be/7LFZbBxlN78?si=7dFKzJXJoExKygjgUwaga
5D! Uwaga
Hello fellow WULFpack. Anyone also considering the strategic East Coast positioning. What are your thoughts?Uwaga
Added some more shares. See you boys at the top ✌️🤣💪🚢🌴👋🤭Uwaga
WULF 1W Uwaga
Trailing, assessing the gap. Daily Uwaga
Adjusting trailing stop on H4 using WEEKLY data Uwaga
Always TPZlecenie zamknięto ręcznie
Closing Charts. TrumpZlecenie aktywne
Zlecenie zamknięto ręcznie
Non-complianceUwaga
WULF falters at the 100%, a novice's misstep. Overlap signals a tense standoff, the battlefield undecided.
Uwaga
Net Debt (5) $(27.4) million ➢ Debt fully repaid in July 2024, subsequent to 2Q24
Uwaga
Appreciate the support everyone!Uwaga
New high for WULF! Uwaga
meh 
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