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BIT DIGITAL, INCBIT DIGITAL, INCBIT DIGITAL, INC

BIT DIGITAL, INC

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BTBT/N trade ideas

BTBT is to bounce up on the short term time window. A good trade BTBT (Bit Digital Inc.) is signalling a potential buy opportunity on the 3-hour time frame, as indicated by the recent reversal at the lower Bollinger Band. The price currently stands at $3.17, just above a potential support level, with buy signals aligning on key indicators. Key Observations: 1. Bollinger Bands: The price has bounced off the lower Bollinger Band, suggesting oversold conditions and a possible reversal toward the mean. 2. RSI & Momentum: Oscillators in the sub-chart indicate the price is rebounding from oversold levels, confirming early bullish momentum. 3. EMA Dynamics: The short-term moving averages (e.g., 9 and 21 EMAs) are nearing a potential crossover, which could further validate a bullish trend continuation. 4. Chart Patterns: The recent price action shows a double-bottom formation around the $3.00 level, hinting at a potential base for upward movement. 5. Resistance/Support: Immediate resistance levels lie at $3.50 (psychological level and mid-Bollinger Band). Breaking this level could see the price rally to $4.00 or higher. Support remains strong around $3.00. Trade Setup: • Entry: $3.18 (current level) • Stop Loss: $3.00 (below recent lows) • Take Profit Targets: $3.50, $4.00 What I’m thinking … This setup is ideal for short-term swing traders looking to capitalise on early reversal signals. Monitor momentum indicators for further confirmation. Enjoy!
NASDAQ:BTBTLong
by OG_Doge
1
BTBT Short Squeeze? Will Bullish Trend Hold? BTBT and most BTC miners have been under a lot of pressure the last few days and it has investors a little upset. BTBT currently testing the support of its upward trendline, which has guided its bullish momentum. The stock is at $4.10 , a weekly low as of now, with the high for the past week reaching $5.76 . A bounce off this trendline could signal a continuation of the bullish trend, while a break below may signal a shift in momentum. Keep an eye on this key level for potential opportunities. So why is BTBT lagging behind it's peers? 6 mo returns on miners: BTBT - 17.14% MARA - 49.5% RIOT - 23.36% WULF - 76% Short interest in BTBT has increased drastically over the last month with approximately 28.5 million shares short in total which is over 20% of the float! BTBT has become the favorite miner for short sellers. With a short float like this, a squeeze may be on the horizon. If it happens we can expect price to fly up to around $6 or more! Might be a matter of time before this hits the scanners of short squeeze traders like WSB. What do you think, will BTBT get a squeeze before the curtains close? A significant spike in Bitcoin could be the catalyst. Ready for liftoff? Smash that 🚀 and send this idea to the 🌙
NASDAQ:BTBTLong
by StonkMarketParty
1
Bit Digital, Inc. ($BTBT): High-Risk, High-Reward OpportunityBit Digital, Inc. ( NASDAQ:BTBT ): High-Risk, High-Reward Opportunity Trade Setup: - Entry Price: $4.30 - Stop-Loss:** $3.34 - Take-Profit Target: $8.40 - Long-Term Target: $16.77 Rationale: Bit Digital, Inc. is a digital asset mining company focusing on Bitcoin. The stock has exhibited significant volatility, often influenced by the performance of the cryptocurrency market. This setup presents a high-risk, high-reward opportunity, appealing to traders with a higher risk tolerance. Financial Performance: In Q3 2024, Bit Digital reported a net loss of $2.69 million, with total revenue of $98 million over the trailing twelve months. The company's financial performance is closely tied to Bitcoin's market dynamics. Volume and Short Interest: The stock has experienced increased volatility, correlating with Bitcoin's price movements and recent company expansions. The acquisition of renewable energy assets reflects a strategic move towards sustainable operations. Analyst Ratings: Analyst sentiment is mixed, with some maintaining a "Buy" rating and price targets around $6.00, indicating potential upside from the current price. Risk Management: Given the stock's volatility, strict adherence to the stop-loss at $3.34 is crucial to manage potential losses. The take-profit target of $8.40 offers a favourable risk-reward ratio, but traders should be prepared for significant price fluctuations. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave! *Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
NASDAQ:BTBTLong
by SiriusTrading
2
$BTBT could skyrocket as ETH prepares to pump!Why NASDAQ:BTBT Could Be a Sleeper Pick + How ETH is Poised for a Pump If you’ve been following the markets, both traditional and crypto, you’ve probably noticed how volatile things have been lately. Bitcoin (BTC) has been slipping, but here’s why this could actually set up a golden opportunity for Ethereum (ETH) and why NASDAQ:BTBT stock might be the key to capturing the upside. What is NASDAQ:BTBT ? Bit Digital Inc. ( NASDAQ:BTBT ) is a cryptocurrency mining company with a focus on Bitcoin and Ethereum mining operations. While many crypto-related stocks move in sync with Bitcoin’s price, NASDAQ:BTBT has exposure to Ethereum as well, which makes it an intriguing play in this current market environment. With BTC currently dumping, the spotlight could shift toward ETH, which has lagged behind Bitcoin’s recovery over the past few months. ETH still has massive potential for growth, especially as network upgrades and Layer 2 scaling solutions gain traction. Why Ethereum is Primed for a Pump While Bitcoin has been dominant, ETH is overdue for its moment to shine. Here’s why: 1. The Merge and Staking Yields: Ethereum’s shift to proof-of-stake (PoS) has solidified its position as the go-to network for decentralized finance (DeFi), NFTs, and other blockchain applications. As staking gains popularity, ETH supply is shrinking, creating upward price pressure. 2. BTC Dominance Dropping: Bitcoin’s dominance often cycles with periods of altcoin pumps. With BTC struggling, funds could flow into ETH, especially given its use cases. 3. Underperformance Relative to BTC: Historically, ETH tends to follow BTC pumps but lags slightly behind before making an outsized move. If BTC is correcting now, ETH might be next in line to shine. How NASDAQ:BTBT Fits Into This Narrative NASDAQ:BTBT isn’t just a Bitcoin miner; its Ethereum operations give it unique exposure to a potential ETH pump. As ETH’s price rises, the profitability of mining increases, which could significantly boost NASDAQ:BTBT ’s earnings. Moreover, NASDAQ:BTBT has been investing in green mining solutions, which aligns with the growing push for environmentally-friendly blockchain operations—a key consideration for institutional investors. With the current discount on NASDAQ:BTBT stock (trading well below its highs), it represents a speculative but asymmetric risk/reward opportunity for investors who believe in ETH’s potential rally. Conclusion: ETH to Pump, NASDAQ:BTBT to Benefit If you’re bullish on ETH and expect it to outperform in the coming weeks or months, NASDAQ:BTBT is a stock to watch. Its connection to both Bitcoin and Ethereum mining makes it a hedge against broader crypto volatility while positioning it to benefit from an ETH-driven rally. As always, this is not financial advice. Do your research and only invest what you can afford to lose. But if ETH pumps like it’s poised to, NASDAQ:BTBT could be one of the biggest beneficiaries. What do you think? Is ETH’s time finally here, and could NASDAQ:BTBT be the hidden gem to capitalize on it?
NASDAQ:BTBTLong
by MoonBoundLogic
BTBT LongWeekly, Wedge breakout + retest Long 4.0 Stop 3.0 Target 7.5, 12 Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account. For non-Pro option traders, better begin from buying ITM options and keep 90+ days, Selling OTM and less than 60 days. I will try some samples to test my chart reading and OP strategy: "Buy in the money (ITM) calls in daily/weekly uptrend, and keep 400 days. " Related trades: CAN price 1.6 11/19/2024 Buy Jan2026 C1 Limit 1.0; C1 has 0.6 (ITM). OPK price 1.6 11/20/2024 Buy Jan2026 C1 Limit 0.65x2; C1 has 0.6 (ITM). POET price 3.9 11/20/2024 Buy Jan2026 C3 Limit 1.05; C3 has 0.9 (ITM). ACHR price 5.06 11/20/2024 Buy Jan2026 C3.5/10 Limit 1.6; C3.5 has 1.56 (ITM). RGTI price 1.35 11/20/2024 Buy Jan2026 C1/4 Limit 0.5x2; C1 has 0.35 (ITM).
NASDAQ:BTBTLong
by PlanTradePlanMM
1
Bit Digital - Gunning for a recovery on bitcoin optimism Bitdigital NASDAQ:BTBT has broken out of the falling wedge and upon breaking out, the volume has shown a steady increase, which in turn supports the breakout. Mon bullish bar was considered strong and has been confirmed by the spike in volume and subsequent bullish upside. Momentum indicators show a strong buy signal after long-term MACD has shown the first light of a positive histogram and a bottom crossover, which support a bottom reversal. The stochastic Oscillator rose above the 20-line and has confirmed the oversold signal. Hence, maintain buy with spot entry at 2.72 and a 2nd buy limit at 2.27.
NASDAQ:BTBTLong
by William-trading
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier today. I see this as an early reversal for a long trade setup with the first target the mean VWAP at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity to do so again. If you would like to know my call options contracts on this, please leave a comment. These are very suitable for those with small accounts focused on realtively high potential profits using a very small portion of the account in tight risk management ( Please like an follow)
NASDAQ:BTBTLong
by AwesomeAvani
BTBT- 500% YTD Pullback for Long EntryBTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week, it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but with a lower price and market cap. It had been trending along the second deviation line above the long-term VWAP anchored at the beginning of the year. The pullback to the first deviation the line above VWAP allows for an opportunistic long entry. The ascending amplitudes of the K /D line excursions on the MACD indicator are confirmatory for the bullish momentum. I will take a long trade here expecting a 50-100% return over the slow trading of the remainder of the summer. I believe this will further diversity the portfolio by exposure to the crypto sector.
NASDAQ:BTBTLong
by AwesomeAvani