BTBT trade ideas
BTBT (Bit Digital) : Trade Idea & ProjectionBTBT Trade Idea/Projection: Bit Digital Inc. (New York based) engages in the bitcoin mining business. Im bullish on it based on the recent strengthening of its governance, and the emerging acceptance of intangible assets (cryptocurrency). I'm watching for KL's for confirmation.
BTBT - Bitcoin mining company headquarted in Flushing NYBTBT is a Bitcoin mining company headquarted in Flushing NY.
To date data:
PH/S
Hash Rate
2,253.5
MINING
Miners
40,865
BTC
Bitcoin Mined
1,331.2
I got a small position at $8.49 just because it's super volatile and risky, yet could have potential in 2021. I plan on simply holding the handful of shares I got. Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
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Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
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$BTBT can rise in the next daysContextual immersion trading strategy idea.
Golden Bull Limited is an online finance marketplace in China that provides borrowers access to short-term loans.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $5,41;
stop-loss — $4,46.
Information about take-profits will be later.
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.
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Looking for $9.50 on this bitcoin miner playPrice increased 70% on this Nov 11 news, setting up this bullpole bullflag, which I expect to duplicate itself to $9.50.
Not trading advice. Not even close. Wild speculation and blind optimism, in actuality.
Nov 11Reuters
BRIEF-Bit Digital To Acquire $13,903,088 Worth Of Bitcoin Miners With Total Hash Power Capacity Of 1,000 Ph/S
Nov 11 (Reuters) - Bit Digital Inc BTBT :
* BIT DIGITAL, INC. ENTERS INTO ASSET PURCHASE AGREEMENTS TO ACQUIRE $13,903,088 WORTH OF BITCOIN MINERS WITH TOTAL HASH POWER CAPACITY OF 1,000 PH/S.
nice trendid wait for the break of 9 and target 15. but if you long here you cant put a tight sl around 4.5 just sell if the bottom trendline breaks :) gl !
$BTBT is a lower priced stock with potential for BIG gains!In my opinion, this stock looks primed to make a nice move in stock price and generate a size-able profit percentage in a reasonably short period of time. The wave analysis and pattern analysis suggest a Beautiful long setup. The wave analysis and chart pattern analysis both suggest a high probability trade.
This is not meant as investment advice. It is merely the setup that I plan to take. Trade at you own risk.
Let me know your thoughts and if you agree with my analysis and don't forget to hit the like button!
I am looking forward to seeing this one play out!
