SYS Research – Canadian Daily Setups – Monday, October 23, 2023

Notice: The Daily Setups are provided for informational purposes only and are not intended as a stock-picking service. The charts and information provided are intended to aid research and analysis and should only be used as indicators. They should not be considered as a direct trigger to buy or sell any security. The creator assumes no responsibility for any actions readers take and strongly advises each individual to fully understand the risks and potential consequences before making any investment decisions. Please note that the charts shared are not intended as signals to buy or sell but as a tool to add to your watchlist and analyze according to your trading ability. Remember that not all charts will result in buy or sell actions at any time.

Just a friendly reminder: We update the sector chartists every weekend. We highly recommend that you take some time to browse and create your watchlist. Please pay close attention to the Daily Setups and Workspace scan results for potential future additions to stay ahead of the game.

If you’re facing challenges understanding the Daily Setups or need help crafting a trading strategy, don’t hesitate to ask for assistance. You can contact me via email at info@setyourstop.com or reach me through the Workspace. Let’s schedule a meeting to address your specific requirements and provide you with the guidance you need.

Sample Trading System

The following trading system is presented as an educational example and should not be interpreted as financial advice. Past performance does not guarantee future results, and trading involves inherent risks. Please consult with a qualified financial advisor before implementing any trading strategies.

Canadian Daily Setups

BITF.TO – Bitfarms Ltd.

Bitfarms is setting up just below horizontal resistance with notable volume. Keep a watchful eye for potential upside momentum.

LINK TO CHART – https://schrts.co/nemSvUNR

 

BTCC.TO – Purpose Bitcoin ETF

The Purpose Bitcoin ETF is now on the verge of breaking out from the basing pattern we’ve highlighted. Keep a close watch on this potential breakout.

LINK TO CHART – https://schrts.co/UuaVPCjI

 

CBIT.V – Cathedra Bitcoin Inc.

Cathedra Bitcoin is setting up with bullish volume just below a horizontal resistance line. Monitor for a potential breakout.

LINK TO CHART – https://schrts.co/VCQErTXN

 

GLXY.TO – Galaxy Digital Holdings Ltd.

Galaxy Digital is in the process of setting up on the right side of a significant bottoming base. Keep an eye on this setup for potential upside momentum that might push the price back to the pattern’s upper trendline, potentially leading to a breakout.

LINK TO CHART – https://schrts.co/NDyDhAjF

 

HIVE.V – HIVE Blockchain Technologies Ltd.

HIVE Blockchain is forming a small round bottom pattern at the apex of the falling wedge. Keep a close watch for potential upside momentum.

LINK TO CHART – https://schrts.co/MGUEBFRz

 

HUT.TO – Hut 8 Mining Corp

Hut 8 Mining is attempting to break out from a falling wedge continuation pattern accompanied by robust volume. Keep a vigilant eye on this potential breakout.

LINK TO CHART – https://schrts.co/YDKvUjYA

 

Canadian Scanner Results

Click on the CandleGlance chart to view it in full size. Find a chart that matches your criteria or interests. You can easily save it to your watchlist on StockCharts.com for further analysis and tracking or copy and paste the ticker list into your chart provider.

 

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