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BTBT

BTBT Short Squeeze? Will Bullish Trend Hold? BTBT and most BTC miners have been under a lot of pressure the last few days and it has investors a little upset. BTBT currently testing the support of its upward trendline, which has guided its bullish momentum. The stock is at $4.10 , a weekly low as of now, with the high for the past week reaching $5.76 . A bounce off this trendline could signal a continuation of the bullish trend, while a break below may signal a shift in momentum. Keep an eye on this key level for potential opportunities. So why is BTBT lagging behind it's peers? 6 mo returns on miners: BTBT - 17.14% MARA - 49.5% RIOT - 23.36% WULF - 76% Short interest in BTBT has increased drastically over the last month with approximately 28.5 million shares short in total which is over 20% of the float! BTBT has become the favorite miner for short sellers. With a short float like this, a squeeze may be on the horizon. If it happens we can expect price to fly up to around $6 or more! Might be a matter of time before this hits the scanners of short squeeze traders like WSB. What do you think, will BTBT get a squeeze before the curtains close? A significant spike in Bitcoin could be the catalyst. Ready for liftoff? Smash that 🚀 and send this idea to the 🌙
NASDAQ:BTBTLong
by StonkMarketParty
1
Bit Digital, Inc. ($BTBT): High-Risk, High-Reward OpportunityBit Digital, Inc. ( NASDAQ:BTBT ): High-Risk, High-Reward Opportunity Trade Setup: - Entry Price: $4.30 - Stop-Loss:** $3.34 - Take-Profit Target: $8.40 - Long-Term Target: $16.77 Rationale: Bit Digital, Inc. is a digital asset mining company focusing on Bitcoin. The stock has exhibited significant volatility, often influenced by the performance of the cryptocurrency market. This setup presents a high-risk, high-reward opportunity, appealing to traders with a higher risk tolerance. Financial Performance: In Q3 2024, Bit Digital reported a net loss of $2.69 million, with total revenue of $98 million over the trailing twelve months. The company's financial performance is closely tied to Bitcoin's market dynamics. Volume and Short Interest: The stock has experienced increased volatility, correlating with Bitcoin's price movements and recent company expansions. The acquisition of renewable energy assets reflects a strategic move towards sustainable operations. Analyst Ratings: Analyst sentiment is mixed, with some maintaining a "Buy" rating and price targets around $6.00, indicating potential upside from the current price. Risk Management: Given the stock's volatility, strict adherence to the stop-loss at $3.34 is crucial to manage potential losses. The take-profit target of $8.40 offers a favourable risk-reward ratio, but traders should be prepared for significant price fluctuations. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NASDAQ:BTBTLong
by SiriusTrading
2
COIN setting up long after a pullbackCOIN has a big jump July 13 after some good news on SEC litigation against crypto and a court ruling was issued. It is shown here on a 15 minute chart. Since a double top it went sideways for a week and then down trended. The anchored VWAP bands serve to give context and serve to show dynamic support and resistance price was at the mean VWAP on July 13th when it popped. In the price action since price did a VWAP breakout and then a breakdown to bounce off the same mean VWAP black line and is now a bit above it. As I believe COIN is now trending up with the relative strengths of the low and high time frames at about the 50 level. I have set a stop loss below the VWAP line and targets as TP1 -105 TP2- 107 and TP3 -109 although the price could reach the highs of 7/13 especially if there are legal or regulatory updates favorable to the cryptocurrency sector. I will also take a look at RIOT and MARA.
NASDAQ:COINLong
by AwesomeAvani
MSTR has more rocket fuel LONGMSTR recently bought up a lot more coins. News that an insider sold $7 M in shares while interesting is quite meaningless. He still has $150M plus. MSTR is riding a " Bollinger Band march" on the upper band. This is a huge surge. I was happy to catch a buy today at $1575 off a low-ball limit order that somehow got filled. All things crypto has a great day. It was a Magic Monday for sure. I will sell some on Thursday mid-day and buy more next Monday. I know all the contrary ideas- Reckless abandonment. Poor risk management. The answer my initial capital into MSTR has been long returned to the account ( then spent getting larger in semiconductors); this is all profit being compounded. If there is some risk it is all accepted. the entire position has a trailing stop loss of !0% - no problem seen. Risk on. BTBT RIOT are running in the shadows and the positions are not half bad. BTUSD and ETHUSD on forex with 100:1 leverage are carrying their own weight.
NASDAQ:MSTRLong
by AwesomeAvani
CLSK set up for a SHORT in a parallel channelCLSK on a 120 minute chart is in a gradually falling parallel channel. At this time price has topped at the channel's resistance trendline. The RSI has bearish divergence while the predictive algorithm shows a forecast of a trend down this upcoming week. I will short trade CLSK here with a stop loss at 20.6 above the channel and target of 14.75 near to the bottom of the channel. The stop loss of 1.2 compares well with a target about 4.5 downside yielding approximately 3.5 as a risk ratio.
NASDAQ:CLSKShort
by AwesomeAvani
RIOT retraced and could reverse but BTC is falling SHORTOn the 15-minute chart- RIOT uptrended and then retraced. It is now supported by the standard Fibonacci retracement zone and UNDER the intermediate term mean anchored VWAP. On the RSI indicator, the signals are UNDER the 50 level another suggestion of direction being forecasted. In the meanwhile BTCUSD is trending down. while RIOT is not trading. I will watch RIOT after the open on Monday fully expecting it will fall into the lower VWAP bands but there could be a surprise if BTCUSD reverses over the weekend.
NASDAQ:RIOT
by AwesomeAvani
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins. On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP and near to the bottom of the high volume area on the volume profile but above the POC line. This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below market price and a target of $31 halfway between the mean VWAP and the first upper VWAP the line above it. A call option trade striking $30.00 expiring in three months will be considered. MARA fell from excellent earnings which apparently disappointed some traders /investors. The discount sale is hard to resist given the current fundamentals in the crypto markets.
NASDAQ:MARALong
by AwesomeAvani
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference purposes. I will close my short position of the past day and switch sides here. The RSI indicator gives reassurance as it has pivoted up from the bottom, especially the faster green line. Selling volatility declared the bottom in the immediate term at the same time the relative volume indicator printed a selling volume spiking black bar both immediately before the regular market closed.
NASDAQ:MSTRLong
by AwesomeAvani
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean VWAP at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity to do so again. If you would like to know my call options contracts on this, please leave a comment. These are very suitable for those with small accounts focused on realtively high potential profits using a very small portion of the account in tight risk management ( Please like an follow)
NASDAQ:BTBTLong
by AwesomeAvani
BTBT- 500% YTD Pullback for Long EntryBTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week, it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but with a lower price and market cap. It had been trending along the second deviation line above the long-term VWAP anchored at the beginning of the year. The pullback to the first deviation the line above VWAP allows for an opportunistic long entry. The ascending amplitudes of the K /D line excursions on the MACD indicator are confirmatory for the bullish momentum. I will take a long trade here expecting a 50-100% return over the slow trading of the remainder of the summer. I believe this will further diversity the portfolio by exposure to the crypto sector.
NASDAQ:BTBTLong
by AwesomeAvani
BTBT a crypto miner surging as cryptocurrencies move upBTBT as shown on the 30-minute chart has moved about 20% in the past five trading days as cryptocurrencies get active. More or less, BTBT formed a bull flag pattern and broke out from it is in bullish continuation to form another bull flag. Presently the consolidation of the flag is on the chart but BTBT could break out again. Following BTCUSD, or ETHUSD or even the index CRYPTO10 will likely give an indication of further BTBT price action. The Market Bias may change from gray ( for pullback) back to green to signal the onset of the continuation. The HA candle-based RSI oscillator in the onset of the continuation would show the RSI staying above the 50 lines and the candles go red to green. For me, this will be an entry when observed on the 5-15 minute time frame. I consider this to be a safe trade relative to the profit expectation.
NASDAQ:BTBTLong
by AwesomeAvani
BTBT a crypto equity play in a Bull FlagAs seen on the 4H chart, BTBT is triggering a breakout from a High Tight Flag Pattern ( see the link below) supported by the MACD crossing the zero line from below and the ADX indicator showing the beginning of a bull trend abuve the green line at ADX 20. Earnings are soon upcoming on March 29th and the prior earnings were decent in the middle of " Crypto Winter" which is now rapidly thawing into the spring. RIOT and MARA are breaking out BTBT is about to follow those leaders. A trader would be "chasing" after the latter but taking a BTBT trade would be getting to the party just on time. The call options table shows the 4/21 $1.00 strike at $40 premium which rose 50% on Friday. I see this as an earnings play off the flag pattern with great upside potential in the context of the resurgence of the cryptomarket while banks with fiat currency have significant challenges ( or collapses depending on what version of chaos you see,)
NASDAQ:BTBTLong
by AwesomeAvani
7