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/N trade ideas
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.
Just how close $BTBT is from breaking out of its trend lineZoom out to the weekly chart- there is a massive trendline looming over the price. It is SO close to breaking out above it. Possible fibonacci target in play- the first point of the fibonacci still needs to be carved out, I believe. Multiple places for where this could happen, based on the price levels & MA's on larger time frames. I am looking for $2.24 ultimately.
*Not trading advice.
$BTBT... #ItIsTimeTrend line ready to blow after huge consolidation? Price is resting right up against it.
Maybe good for a quick pop, at the very least. More consolidation needed I believe before trend swaps to bullish overall.
*Not trading advice
BTBT Long WeeklyNASDAQ:BTBT $BTBT on weekly looks bullish with RSI divergence, potential to reach Fibonacci targets after breaking the orange trend line
Asking price now $ 2.97
BTBT - Is the pump coming?BTBT - seen like a long consolidation waiting for a pump to come. Monitoring the volume and banker chips.
BTBT hitting long term slowpoke uptrend. Best miner to meBTBT recently had to move a large chunk of it's mining operation from china to the us (which is now complete). This cut into mining revenue last quarter. Given the increases in bitcoin recently and apparent support at this longer term uptrend line (thick green gently upward slope), it seems there is a good case for further upside here. Given that 25% of this float is short, this is the cheapest of all miners and is actually profitable, it seems the path of least resistance should be upward.
I have large call positions scattered through this month and next.
$BTBT get to know us 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
The crypto market is at its loading zone. My team is loading up shares of crypto related companies that we believe will surely benefit from this rally.
Today my team purchased shares of bitcoin mining company $BTBT at $5.3 per share. This trade set-up has a very high sucess rate.
Our entry: $5.3
Target: unknown
Stop loss: $5
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Symmetrical Wedge Breakout to the DownsideBTBT has been forming lower highs and higher lows since August. The trend finally broke through the wedge to the downside. Downtrend trajectory is relatively the same in the past. If we use that trajectory with the current downtrend, and using the symmetrical wedge breakthrough as continuation confirmation, we can enter puts based on that. The downtrend trajectory intersects with the December 31st expiry at $4.89 before hitting the next line of support
bTBT is setting up for a BIG movelooking for confirmed breakout of daily rsi pattern as well as breakout of 12.80s and a hold above that can run it up to 23$ and as high as 30$ but i would take half off the table close to 23$ range
BTBT in a channelBTBT is trading within a parallel channel. As noted the YELLOW trend line needs to clear with a breakout for pump to occur.
It is trading at the lower support, so be careful it is not lost. That would lead to lower price action.
BTBT StockChecking by Fib levels i think 1.282 may be in play as it did same price action. which is around 24$ it may take may 3-6 months
BTBT update corrective near term top?10/26 - 10/28 is a mess, I can't make an accurate label if corrective or impulsive. wave iii would be over 423.6 in one count but the other count would make the wave i almost part of the wave iv in previous move down.
who knows?
i don't :)
Long | BTBTNASDAQ:BTBT
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 13.20$
TP2: 15$
Call options, Strike 15$, 11/19/2021
*This is my idea and could be wrong 100%
BTBTWeird spot...this chart almost has the "feel" of a forex chart with vol galore. this chart doesn't move the rest in step, it marches on its own. Does some big short money wanna crush some bulls in the next few days? dragging price down for their entry, but crushing these tight stop loss folk out?
BTBTBTC Miner. Potential j-hook setup developing with the massive impulse move higher this October.
The AVWAP from swing highs currently holding as where sellers are stepping in. A clearance of that could easily lead to some good upside.
This probably needs to get chopped up, let some premium burn out of the calls, churn some people out, and once everyone's exhausted, that's when it makes its run.
BTBT Breakout $14-$16 Looking for the break of $11.50 for a push up to $14 - $16
Bitcoin is on the run and its this is likely to follow
BTBT Just an idea of things I created this Picture in my Technical Ananlysis class I did for friends. I created the Flat Bottom run up tool for a good support trend line up and exit. I love how this tool gives perfect exits as you see. I figured there would be no volume at that level and was due for a correction so I created a Triangle Drop pattern for the retrace. This gives me a breakout resistance trend line down and a support drop bounce in the lower part of the triangle. I added a channel curve to trajectorize my movement. I created the Double Top Sentiment incase there was no Vol for the Head N Shoulders within the channel to initialte. Two possibiliies but always prepared. Hope you like the art
BTBT one year Education onlychart provided is an attempt to look at BTBT as an impulse wave...$10.23 gives possible support in wave c of four. Potential of great risk reward is gettting closer to grab
BTBT Weekly chart more uncertainty than what folks thinkred = preferred
green = alt count
Boom or bust this company goes.....
BTBT ready for the moon?BTBT breaking its downtrend, we should see this hit our price target of 23.06 as long as bitcoin continues its rally to 100k+... SL below 6.5, high risk high reward swing play. good luck traders! :)
