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BTBT trade ideas

BTBTThe movement of the paper is exactly the same as Bitcoin. In connection with the ongoing correction of this cryptocurrency, a BTBT correction is seen up to the price of 7.50, just as Bitcoin is seen to be corrected to 37500 levels, from where the security should supposedly exit the downtrend wedge-like formation and move up to $10 (+ 34% from the 7.50 entry point), and if bitcoin overcomes the resistance of 55,000, then we should see the achievement of the second target of 14.34 (+ 90% from the entry point 7.50). In order not to miss the movement, you can gain the position in parts on the correction, with the obligatory setting of the stop of the end of the day at the level of $6.24. You can also enter with options - given the high IV > 133% on the options board, it seems impractical to buy calls, you can sell monthly puts with strikes of $9, 8, 7, readily accept securities in the medium term, or set credit spreads on puts with normalized risk equal to your stop order.
NASDAQ:BTBTLong
by nur16i
1
BTBT , LONG This has been one of the more volatile name in blockchain and I missed out on last run ( though was long HUT earlier on as a day trade turned swing which om still in and is also worth looking at still btw) I like the price action today on BTBT and have taken a small position . The percent risk on stop is very high seeing as how I average 3-5% on most of my plays, so I have especially sized this one based on the dollar risk instead to respect risk. I think sizing this way helps to respect risk and is particularly important for this one ... Entry at 12.14 with stop vs 10.15 * NOTE : though price action is A+ today's volume is a D , would like to see volume come in before close to validate move today , ideally . Also, as per usual, will pay myself some profits at 2R if the trade is a success and attempt to follow up the rest
NASDAQ:BTBTLong
by NAK1987
Bullish flag BTBT. Daily chart on BTBT is giving us a bullish flag formation with the volume to support it. Look at how the volume spikes up at the flag pole and then it gradually goes down which is the body of the flag. RSI is steady heading towards overbought while MACD looks ready to close red and turn green. Using the flag pole method to calculate my price target for swing trading this i give this a 27 dollar price target. With bitcoin dancing around the 50k range i definitely see bitcoin miners do well.
NASDAQ:BTBTLong
by Dc1392
$BTBT is gonna fall todayPupm&Dump trading strategy idea. $BTBT is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $12,69; stop-loss — $13,02; take-profit — $12,02/MOC Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:BTBTShort
by KozakHlib
3
Fib Retracement Bounce (BTC Helping)Just wanna show yall something else here on this fib retracement. I see one of two things happening here. Either it bounces off the 0.382 line and continues it's uptrend, OR, it retraces down to the 0.5 line and continues it's uptrend from there. Either way, we have enough time by 9/17 for it to complete it's retracement and continue it's uptrend if you've chosen the 9/17 expiry contracts. I also think with BTC pumping, that will help it to continue the uptrend sooner, that's why I'm leaning more towards the 0.382 bounce.
NASDAQ:BTBT
by dtomasino5
BTBT wave analysisBTBT has finished our macro wave 1 within our minor wave 5 to form a correctional (wxyxz cont.) and what I am watching is in the green if we have the potential new 5 wave and have the minor 4th wave inside that bounce off the retracement of .382 or 0.5 I am more inclined we get a hyper extended 5th wave to the red box but if we fall below the 1st wave fractal I am more inclined we have a correctional abc wave to (0.618 or 1 extension) founded at the green box As always happy trading : )
NASDAQ:BTBT
by GioThaKingo
BTBT In Familiar Territory But It's Up To Bitcoin NextBTBT hasn't had the best first half of the year and for most of the second and 3rd quarters, the stock was slowly bleeding. But thanks to that 100MW collab announced a few weeks ago, AND thanks to bitcoin getting its act together, things changed. Now BTBT is back at an interesting level I found after plotting the retracement for Q2 and Q3 so far. The 382 fib line was a previous area of higher traffic. It was resistance, then support, and now resistance if you look at the last few candles (for now). Considering the action in crypto, however, this could be an important level to pay attention to while also monitoring the daily trading volume. "A rebound in cryptocurrency, including Bitcoin and Ethereum, has related companies in the spotlight this week. Bit Digital is among the names of former penny stocks to watch. The company was one we first discussed late in July. At the time, Bit Digital’s news of a planned Bitcoin mining expansion with Digihost acted as the initial catalyst. The two will operate a 100 MW Bitcoin mining system for an initial 2-year term...Since then, a mix of speculation and crypto market momentum has helped carry BTBT stock much higher. In fact, since our July 26th update, shares have climbed from under $5 to over $12 this week. Traders also seem to be recirculating that last update, fixated on comments from CEO Bryan Bullett: As previously announced, we anticipate significant purchase activity in the coming months, due to spot market dislocation in China and our unique access to that market. This agreement with Digihost secures a key component of activating this opportunity, and is expected to enable rapid deployment of newly purchased miners. One of the things to keep in mind is that no matter how strong the momentum for Bitcoin stocks, the underlying trend in the cryptocurrency’s price tends to direct the market. We’ve seen big breakouts and quick breakdowns thanks to crypto volatility. So make sure to have that in the back of your head if BTBT stock is on your list right now." Quote Source & Read More: 4 Top Reddit Stocks To Watch As Robinhood (HOOD) Stock Breaks $80
NASDAQ:BTBT
by PennyStocks101