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
$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
$OSTK bulls need to be patient - buy level is at $39-$41$OSTK bulls need to be patient - buy level is at $39-$41
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.
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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
$DIGAF Ascending to 2nd Breakout in a Month Following $BTC ATH$DIGAF Which recently had a 800% Day Breakout on December 15th Following $BTC's breakout is on an uptrend to yet another breakout as BTC breaks its ATH today.
$DIGAF was one of the few cryptocurrency stocks to run over 2,500% during the last Crypto rush and I anticipate it could do even more than that next year. The S/S is relatively the same since the last rush and the company has made major progress since then.
Some background on $DIGAF and current and future updates to come:
Securter Spin-Out:
1. After the Spin-out DIGAF increases its equity position of
Securter from approximately 2% to over 25% - this is very good.
2. The previous Definitive Agreement $DIGAF was to fund up to
US$3m to buy up to 33% of Securter. $DIGAF got a Reg 1-A SEC
approved but abandoned it probably because the market didn’t
like the structure, dilution and/or the valuation. After
the Spin-out $DIGAF is no longer required to fund; which
reduces dilution, $DIGAF ends up with approximately the same %
at 1/10th the original cost.
3. $DIGAF can operate on an annual budget of less than $200k
(FS’s Q’s &K’s) cut expenses and kept a low burn
rate during the Covid19 disaster pending Securter launch.
4. Securter can now independently fund their own business
development @ CAD$0.07, they will be able to raise what they
need to launch and get their own skin in the game.
5. $DIGAF acquired sales license for a billion-dollar growth market in
South America.
6. New opportunity, new market with massive growth potential
and Securter has a buy-back clause to pay $DIGAF market value
as determined by independent valuator.
7. $DIGAF has control to fund, not the commitment, South America
in each country or joint venture with the largest PSP’s in
the area. For $DIGAF to go after SA they must have
relationships perhaps Columbia or Chile or Brazil,
definitely interesting.
8. Buy-back clause where Securter will pay Digatrade fair
market value by an independent evaluator. This could
trigger as soon as Securter gets acquired by Apple or other
major when they roll up the territories and licensing
agreements.
9. Provides great growth opportunity and will generate news and
Press Releases for the next year.
10. Valuation & price target: A comparable was the Mobeewave
acquisition by Apple for US$100m. Securter is better than
Mobeewave and could easily push up Securter valuation to
$200m. At this price, $DIGAF would own 25% or $50m equity
equivalent and receive cash dividends to redistribute to
$DIGAF shareholders; or: $DIGAF uses the cash for open market
stock buy- back and then cancel the shares reduce the issued
and outstanding. Current market-cap US$1m share price
$0.001 * 50 = US$0.05 per share. Usually these growth tech
stocks generating net positive cash flow trade minimum 10X
so share price would be $0.50+
11. If Securter launch is successful $DIGAF shareholders win –
the share price will soar on massive volume providing
liquidity and trading profits for anyone who wants to sell.
RIOT looks to be falling again one last time RIOT looks to be falling again one last time before moving back up again.
No real evidence just a gut feeling - is a long walk to the next earnings report but by then it will be too late. Buy the dips as we climb higher - people will put two and two together eventually, crypto mining companies make money when BTC jumps up.
I will put in some buys from $3-$4 in 10 cent increments.
These are my trading notes I have no formal education - I am an artist who likes to draw lines.