BTBT finished accumulationClose above 5.29 and we can be looking at a replay of 2020 with the next target ~14
BTBT/N trade ideas
$BTBTthis is a simple measured move
i believe this is due to their great holding of the eth coin
higher forever
BTBT LongWeekly, Wedge breakout + retest
Long 4.0
Stop 3.0
Target 7.5, 12
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily/weekly uptrend, and keep 400 days. "
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BTBT Bit Digital Options Ahead of EarningsIf you haven`t bought BTBT before the previous earnings:
Now analyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-9-20,
for a premium of approximately $0.27.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
BTBT: A small $BTC Miner and $ETH HODLr with nice upsideI am working on a fundamental article for BTBT, but it will take some time to complete. The chart looks good here with a good risk/reward.
Thought Process:
-Above 200DMA & (Falling 200DMA) makes it even better support
-Upward trend for the last month
-Earnings outlook is improving
-ETH ETF & BTC ETF
Trade Process:
Buy: $2.60 or Below
SL: $2.14
Target 1: $3.50
Happy Trading
BTBT NOthing changed! Still looks like a winner!Market Participants
No
Lettuce Hands always make laugh
If you love a thing
or even Just Like a thing
And you can buy it for cheap .. why don't you?
Oh
I see
they didn't actually ave the conviction
Somebody gave them a tip
A story as old as time
Bit Digital - Gunning for a recovery on bitcoin optimism Bitdigital NASDAQ:BTBT has broken out of the falling wedge and upon breaking out, the volume has shown a steady increase, which in turn supports the breakout. Mon bullish bar was considered strong and has been confirmed by the spike in volume and subsequent bullish upside.
Momentum indicators show a strong buy signal after long-term MACD has shown the first light of a positive histogram and a bottom crossover, which support a bottom reversal. The stochastic Oscillator rose above the 20-line and has confirmed the oversold signal.
Hence, maintain buy with spot entry at 2.72 and a 2nd buy limit at 2.27.
BTBT could break out of the falling wedge.BTBT is forming a very nice falling wedge.
There could be one more leg down, but I think we will break out as the crypto sector should be on a turnaround right know. Iris, Wulf and Mara seem to have bullish patterns, too.
So, if the correction of the King BTC is over, we will have some party. If we will have some more downside, the party will be shifted to late Juli.
Happy trading!
BTBT could break out of the falling wedge.BTBT is forming a very nice falling wedge.
There could be one more leg down, but I think we will break out as the crypto sector should be on a turnaround right know. Iris, Wulf and Mara seem to have bullish patterns, too.
So, if the correction of the King BTC is over, we will have some party. If we will have some more downside, the party will be shifted to late Juli.
Happy trading!
BTBT: Push to $3.36 🚀Hi everyone,
If BTBT manages to maintain its current price levels, we're likely to see an upward move towards the $3.36 mark, aligning with the monthly indicators. However, if it drops below this week's level, expect to find support between $2.52 and $2.59.
Wishing everyone good luck!
BTBT Bit Digital Options Ahead of EarningsAnalyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
$BTBT Major Buy SignalBitcoin is entering a bull market and NASDAQ:BTBT has entered into a contract to supply GPU power for AI development. Revenue from the AI contract could be up to $250M, which is more than the current market cap of the entire company. Holdings of BTC will benefit from bull run, and mining revenues will multiply.
Going back to $3.00.
Bit Digital #BTBT Bitcoin MIner"North American operations
With headquarters in New York, our bitcoin mining operations span the United States and Canada represent a mining fleet with significant scale."
Looks Great!
BTBTThis is the only mining stock ready to long right now. I want to wait 24hr to see what BTC does though because no matter how well read the chart is btc pulls the strings here
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)
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.
BTBT | InformativeNASDAQ:BTBT
Technical Analysis for NASDAQ:BTBT :
If the price of BTBT breaks above the bullish line of $4.36, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $4.80.
Conversely, if the price of BTBT breaks below the bearish line of $4, it may suggest a bearish signal, implying potential downward price movement. In this case, the target price could be set at $3.44.
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.
BTBT Minersno chance these punts play out but theres always potential. would be wild to see htese jan 24s hit,a ll it takes is a btc pump and tehy print
BTBT levelsi have marked off the levels of resistance and the support we may retrace to 2.70s
i do believe continued growth is eminent this company is outperforming
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,)
Bit Digital: 3 Line Strike; Bullish MACD Crossing on the MonthlyOn the Monthly Timeframe, Bit Digital is Bullishly Crossing over on the MACD and has Confirmed a Bearish 3 Line Strike which could most likely take it back up to make atleast a 50%-61.8% Retrace in the coming weeks.
