BTBT
BTBT - Looking for a break up and out
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
CRYPTOSTOCKERS IIAnother batch of Crypto Stockers...
Remeber..They chase bitcoin and bitcoin chases them..be always behind the trend.
Enjoy!
TRADING CRYPTO STOCKSThe great thign about all of this crypto stocks is that they follow bitcoin..DAHHH!
The simple chart ilustrates it
1 itis imperative that you keep a pulse on bitcoin and the stock share Dilution not to be trading against the wave. As there has been and will be regular offerings....
2 Profit taking its mean here and stop loss cascades are common.
3 Always be aware of the bitcoin support and resistance levels as well as time waves.
4 Be on the lookout for institutional buying and selling and follow their cicles.
5 Be ready to react imediatly to divergence arising from bitcoin and the market in which the stock trades.
6 BEGINERS DONT SHORT!!
Good Luck!
$MARA 150 dollars a share by end of year? #BullishAFI have been following Marathon Patent group since it was 1.8 a share a few months back. They have been doing great with PR, and company future outlook. If you have been following the bitcoin mining industry then you know that Mara has struggled while $btbt and $riot have been able to climb to higher market caps.. The reason that these other companies have gone up is because they have a higher hash rate than mara's(232ph/s), which allows their miners to solve code and mine faster, Apparently $btbt has a has rate of 2,000+ Ph/s. I don't really believe them. China is known to lie about financials and if you go on their website its all around sketch. I haven't done much research into $btbt but I do know that they used to be a Chinese car rental company. It seems sketch to me, I am not interested in $btbt at all. How does a Chinese car rental company have a higher hash rate than mara who has been mining bitcoin for over 4 years. Riot block chain is a legit company but their hash rate is 456Ph/s and they have not updated their website since before November. The whole time I've been watching mara I've seen tons of deals and news drop while riot block chain has not been doing anything really. Apparently Riot block chain is going to have a hash rate of 2.3 Eh/s by May 2021. This is nothing. Mara is expecting 103 thousand Bitmain miners to collectively be shipped and set up by the end of 2021, when this is done mara should have the highest hash rate in the industry by a landslide(10.5Eh/s). If bitcoin keeps running I'm expecting mara to continue going up.I am bullish on bitcoin, I think it will keep going up exactly like tesla has been. 100k price target. As of this moment, bitcoin is going up to all time highs at 37k. Mara will be climbing tomorrow. I am expecting it to hit the Fibonacci retracement level at 19.75. then pull back down to the previous level at 17.59, then continue up towards 26.01 after. Take profit at 19.75 then let it pull back to 17.59 and buy back in.
One thing that I would note is that Bit main owns 80% of the bitcoin mining industry. Unfortunately they are not publicly traded but they have filed for an ipo. Bitmain sells bit miners to all of these mining companies. I will link the article I read on them underneath.
(i)nvestopedia.com/news/crypto-mining-giant-bitmain-going-public-4050-billion-valuation/
Thanks,
Benjamin
MARA - Significant Level Here - Watch for reactionMARA - Significant Level Here - Watch for reaction
I hodl shares from 2.27, shaved 20% off at 12.05 to lock in gains. Playing options as well. Just sold 19MAR21 20 @3.20/ BOT 15JAN 21 7 P @.05. Will keep playing add/subtract for the foreseeable future.
MARA @.786fib. Mid regression channel meets top of downtrend.
Looking for 16 - 17 if it can break up and out.
BTC set up as well. Trying to Run.
______________________________________________________________________________________________________________________
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
$BTBT is a lower priced stock with potential for BIG gains!In my opinion, this stock looks primed to make a nice move in stock price and generate a size-able profit percentage in a reasonably short period of time. The wave analysis and pattern analysis suggest a Beautiful long setup. The wave analysis and chart pattern analysis both suggest a high probability trade.
This is not meant as investment advice. It is merely the setup that I plan to take. Trade at you own risk.
Let me know your thoughts and if you agree with my analysis and don't forget to hit the like button!
I am looking forward to seeing this one play out!