10:1 RROLB has moved through the 50% Adam retracement level 3 times during Eve. 7 day and 21 day SMAs also angling up, short over long as we push the 78.6% level. Accumulation also building with prior 2 days showing above average volume.
Catalysts are a crypto rally and/or a cut in interest rates.
Stop loss at .80
Target at 3.50
OLB trade ideas
OLB ValuationOLB is in the process of ordering 24,000 miners per their previous press releases. At full operation and continuing to hold an escalating global hash and thus sha-256 difficulty rating, OLB will be approaching 10-12 coins/month on top of an operating e-commerce business that is modest, debt free, and successful. OLB is the future representation in the present of how “normal business operations” will be augmented by bitcoin mining if access to space and energy.
Keep this in perspective: SDIG is valued at 625m and has 3x the miners OLB has while OLB is valued at 81m. That is nearly 1/8th the valuation with 1/3 the operation which proves OLB’s market disconnection. Now, should OLB be $210m market cap: probably not given SDIG has faster access to hash scale and rigs in order, but, 81m is still about 120% off.
Couple this with bitcoin likely attacking through 70 and the executive team for OLB owning >50% of the company itself (Source: SEC disclosures), this could be a 3x from here that, yeah, could gain unwarranted but potentially inevitable momentum. x
OLB is Micro MinerOLB is a micro cap miner. Their market cap is <$40m while it *should* be 5-7x this per other miner valuations like MARA, RIOT, BITF, HUT, etc. They have 600 rigs in operation and it will go grow to 1000 by the EOY. SDIG who recently just went public has 3000 miners operating and has a market cap of $500M… OLB is 1/3 the rigs but greater than 1/10th the market cap. OLB has 24000 rigs that they are ordering soon per their releases - they aren’t going to own the hash rate but they are going to hodl, have an underlying e-commerce business, and are growing their mining capacity and aggregate hash as their data centers get built. I am long this security long term until bitcoin pulls back. x
OLB - Software Application Tech Sector Swing PlayOLB has been forming a massive wedge on the daily around strong support. Current break of the wedge occured on volume and moved above the volume point of control, which is a massive support once passed. $5.70 would be risk if using POC. Below that if this is a false breakout without confirmation, risk is down to $5, due to the volume desert above the POC, its possible this moves quickly through levels matching previous highs. These sectors move hot, we have seen MRIN and AUUD.
OLB is a software application for businesses to manage online stores, I don't necessarily trade based on fundamentals, but I understand that this type of company will likely flourish as more businesses move to online, I am swinging short term due it it fitting market theme. Always do your own due diligence, manage your risk and learn to scale in and out of your positions.
OLBOLB Group Inc (NASDAQ:OLB) has seen its volume and interest increasing the last few days. The stock is lining up for another serious bull run and it has the potential to become one of the most explosive breakout play opportunities for next week due to its low float. On Friday it had a great move on the upside and closed abv the EMA100 and 200 for the first time in weeks. With continued buying pressure I am looking for this stock to hit and pass its $6 price level very soon. The MACD and ADX are on 'BUY' triggers.
OLBOLB Group Inc (NASDAQ:OLB) a great trading session and the late last minute buying spree bodes well for next week. Last week the company issued two press releases that were not seriously taken in consideration due to the market behavior. If the market stabilizes next week at these levels and the growth uncertainty reduces, small-caps may outperform and this one could easily run to +$8 again. A break of the $6.54 level could bring $8 and then $8.80 quickly into focus.
$OLB Announces Plan to Offer Cryptocurrency Payment OptionsOLB Group Announces Plan to Offer Cryptocurrency Payment Options via Blockchain Technology on its OMNICOMMERCE Platform and SecurePay TM Gateway
OLB’s SecurePay TM Payment Gateway to Enable Merchants to Seamlessly Offer Cryptocurrency Payments
$OLB upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms.
SercurePay is compatible with mobile, tablet-based and cloud infrastructure and will be integrated into the merchants current payment ecosystem, in order to enable the acceptance of Cryptocurrency payments.
finance.yahoo.com
OLB is one of the last crypto stocks to pumpOLB is one of the last crypto stocks to pump.
and it has already started to pump
Tis stock has been as high as $13 this year
The OLB Group, Inc. (NASDAQ: OLB) BREAKING NEWS: OLB Group Announces Plan to offer Cryptocurrency Payment Options via Blockchain Technology on its OMNICOMMERCE Platform and SecurePay TM Gateway - OLB's SecurePay TM Payment Gateway to Enable Merchants to Seamlessly Offer Cryptocurrency Payments - The OLB Group, Inc., a provider of cloud- based omn icommerce and payment acceptance solutions for small and mid-size merchants, announced it has upgraded its SecurePay payment gateway system to support Cryptocurrencies including Bitcoin, Ethereum, USDC and DAI across all merchant platforms. Merchants utilizing the OLB SecurePay gateway service or the OmniSoft cloud-based business management platform will immediately have the option to accept these alternative contactless payment methods without any equipment changes. Our systems will be wallet agnostic and, integrating them with third-party software, customers will be able to seamlessly pay with Cryptocurrency wallets such as MetaMaskTM, Coinbase Wallet TM, Crypto.com and Trust Wallets TM.