BTBT trade ideas
BTBT decent R:RI see decent risk to reward potential here. If we see buying volume moving in quickly we could see BTBT short sellers get squeezed. we have hidden bullish divergence on the indicators (Higher high on price but lower high on the oscillators) that help support more upside potential. Other crypto mining stock have been booming today with BTBT lagging behind. BTBT could bee resting here for another push up. If the other hot mining stocks cool down I think investors could poor into BTBT over the next days/weeks.
I will be trading with a tight stop here. Over recent weeks this stock has had some negative FUD and has been highly volatile.
Trade responsibly.
As always, remember risk management is the key to trading. We most preserve our capital!
$btbt Daily ib upjust entered long here \, btc builds this is 25 in a heartbeat, higher lows after a 10 and+ 20 day sma undercut..
Clear ReversalBTBT - ATH is $33.00 we can see a reversal showing on the daily chart. The MACD is curling up and starting to cross, the RSI above is also curling. I'm holding 2/19 $30 C PT $23-24
#BTBT is going for a ride "RISKY TRADE"It has room up to 45-50 in the following weeks .
Risky trade if you are new , stay away.
BTBTAfter an impressive 800% growth in 2 months, the security went into correction and consistently broke through all Fib levels and stopped at 0.382, where support is clearly visible. 2 patterns are formed in parallel, the first is the Flag, the second is a falling triangle with a flat bottom. Both patterns are ready for a breakout upward (see the yellow circle), from where the security will go up with 3 targets - 22.31, 32.96 and 40.53 dollars, a rise of 134% is expected. The security is prone to fast and strong moves, large price fluctuations are possible on the breakout of 2 patterns, but the security looks upward. Since the trade is considered very aggressive, you need to be careful with the size of positions, the stop order here can only be the size of your position, and there is no point in placing a physical stop here, it will be reached with a very high probability. Upon reaching each of the goals, it is necessary to unload 30% of the position, having time to fix the profit. This trading style will allow you to get the maximum profit factor of your trade.
$BTBT - still holding here. Bouncing between 20MA and Volume Shelf. A close above 20MA and this could move. Already have a position.
$BTBT - Picking up momentum w/ Volume!If it can clear the resistance in the volume profile (Daily) here it could go quite a bit higher. I still have an initial target of $21 w/ thoughts of it filling that gap above on the Daily.
BTBT opportunity?It looks like it is forming a descending triangle at the moment with support at the 14-15 range. There needs to be further confirmation before purchasing, but once it breaks the support, it might be a good entry.
BTBT Swing TradeLong BTBT, 100 shares.
max loss at 15.60, bought at 16.45.
I think it'll break out slightly as spy will continue higher.
We'll see what happens. I plan to sell it friday.
$BTBT holding support here.$BTBT formed a bullish pattern here. Can see a run any day now, very low volume right now. Holding above the 50 S.M.A (yellow line) very bullish.
Short Term Target Area: 22
Short Term Target Area: 30
