Strange pattern on BTRA really strange pattern I've not seen before on this chart, but there is definitely something about it. In any case, leading into this pattern back in 2021 we see a very sharp double top from which we can draw the trendline from. The pattern looks like some sort of reversal pattern as the price is holding to the resistance level at 0.021 and there is a huge amount of volume serving to hold this level as a bottom. Entry would be safe now, holding a stop loss at round number 0.015, which at 35% is a long way down so if you are able to accumulate closer to that level all the better.
A trigger to indicate this pattern is a reversal will be a break of the trendline. At which point price action will likely revert back to the breakout level of 0.021 giving opportunity for a derisked second entry. Price targets are 0.027, 0.042 and 0.075.
It is worth noting that this stock has had a broker rate this stock for 0.08 valuation.
