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BTCM trade ideas

$BTCM chart analysis 👁‍🗨️*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* This morning my team purchased shares of Bitcoin Mining Company NYSE:BTCM at $2.70 per share. This post is mainly intended to allow others who are currently invested in this company to look at it through our own lens. NYSE:BTCM has strong ties with Hong Kong which is being used as a regulatory crypto hub for China. In addition, back on May 1, 2023 NYSE:BTCM announced its "Next Generation of Litecoin/Dogecoin Mining: LD4" which is designed for mining on the DOGE and LTC blockchains with "peak hash rate and energy efficiency." With Bitcoin now eyeing $35000-$36000 we can soon expect altcoins (particularly Ethereum and Doge) to run behind and catch a late run. Billionaire Elon Musk who now owns twitter may also be planning to utilize Doge and integrate it with twitter. This is speculation of course but if this becomes reality expect Doge to run hard and NYSE:BTCM will also share the glory. Our target right now is $4.66 if Bitcoin approaches $35k-36k. Good luck! Our Entry: $2.70 Take Profit: $4.66 Stop Loss: $2.53 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
$BTCM quick snipe 👁‍🗨*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 My team entered Bitcoin Mining Company $BTCM today at $3.4 cent per share. Our take profit is at $5.25 OUR ENTRY: $3.40 TAKE PROFIT: $5.25 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
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$BTCM swing trade 👁‍🗨*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 My team entered Bitcoin Mining Company $BTCM today at $.275 cent per share. Our take profit is at $.36. OUR ENTRY: $.275 TAKE PROFIT: $.36 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
$BTCM great risk to reward ratio 👁‍🗨*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 Recap: My team took profit and ran away with a 34% gain from $BTCM just a few weeks ago. Price has dropped significantly since then and looks ready to pop. My team entered Bitcoin Mining Company $BTCM today at $.67 cent per share. Our first take profit is $1. We also have a stop loss set at $.615. This company is a standout from other Bitcoin mining companies. It doesn't exactly trade the same as the others due to China relations, but with investors now eyeing investments overseas this could become a goldmine soon. OUR ENTRY: $.67 FIRST TAKE PROFIT: $1 STOP LOSS: $.615 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
$BTCM earnings tomorrow 👁‍🗨*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 My team entered Bitcoin Mining Company $BTCM today at $1.78 per share. Our first take profit is $2.40. We also have a stop less set at $1.60 This company is a standout from other Bitcoin mining companies. It doesn't exactly trade the same as the others due to China relations, but with investors now eyeing investments overseas this could become a goldmine soon. OUR ENTRY: $1.78 FIRST TAKE PROFIT: $2.40 STOP LOSS: $1.60 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
$BTCM AGAIN.. The Market Is WrongMy last long on this asset hit multiple targets before dying a horrific death that I rode all the way to stops... I do not care.. This asset will go from $1.00 or $2.00 back to $20.00 a share one of these times just got to catch the Bitcoin wave. If you believe in Bitcoin, it is crazy to not be long this asset the same way you would by Marathon or Riot. HTF TA is trash on this because it is a boomer asset and they are only looking earnings (WahhHhHh they only did $53M in profit last earnings 😰) but it continues to trade in tandem with Crypto markets. I have punted about 5 longs in this asset and up about 600% after taking 2 major L's of about 20%.. if you are paying attention and do not get stuck in the market on a weekend Bitcoin decides to jump off a cliff, it is impossible to not make money. This long is extremely simple: went long knowing FOMC was going to be 50bps and will ride out the bullish divergence on MACD/RSI on the daily to 4 targets mentioned on the chart. Number 4 is letting capital ride IF it actually got back over critical resistance.
NYSE:BTCMLong
by Trainwreck
$BTCM BIT Mining Ltd R/R is insaneBack in on this one.. the Risk VS Reward on this is absolutely massive and as always Bitcoin will lead the dance so you have a warning if you need to get out. I am long at $2.70 with a stop loss set to 2.50 which hasn't ever happened in the stocks history but it has been worth $50 before... Again, this is not the best Bitcoin or even crypto mining company to invest in but it is absolutely the best trade in the boomer market for crypto right now IMO.
NYSE:BTCMLong
by Trainwreck
BTCM Long on Kumo Breakout (1D)Feeney Factor algo confirmation alongside a daily breakout of Kumo. Enter trade on 9/1 after price closed above horizontal resistance of $9.38. Anticipating a kumo breakout which would quickly become support. White vertical horizontal is measured from previous move. Then, matched vertically to measure a 1:1 move. Price target is just shy of that 1:1 measurement. Stop Loss: $7.70 SL is just shy of conversion line + .382 Fib. Will adjust as price moves through each resistance.
NYSE:BTCM
by GEOTRON