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BIT DIGITAL, INC

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BTBT/N 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