2/25/25 - $btdr - Time to get large2/25/25 :: VROCKSTAR :: NASDAQ:BTDR
Time to get large
- novel way to save energy in chips
- nobody knows
- the results, who cares
- wrong day to be a bitcoin company
- ape'd on the LT options $5 calls for '27. started building my longer-dated warchest now that we're below $10 level i was looking for.
- be safe out there
- wtf day.
V
BTDR trade ideas
2/19/25 - $btdr - Building core position <$152/19/25 :: VROCKSTAR :: NASDAQ:BTDR
Building core position <$15
- will post on this one a lot in the coming year(s)
- Jihan founded bitmain which supplies 90% of the bitcoin chips today, was kicked out and is coming back to own the whole industry
- NASDAQ:BTDR is a semiconductor company that looks to the untrained eye as "just another miner"
- the smartest players want to own as much of this as possible. Jihan has controlling interest, he's not selling, so they'll need to hit the open market
- genuinely hope they send this thing back to sub $10, and i'll take it to a 10-15% position and probably with big leverage too.
- for now, i'm starting with a 1.5% position and will look to grow it.
- when i say you need to buy stuff within bitcoin that will outperform the bitcoin pair in the LT... and because otherwise you just become a beta punching bag (like the other miners that are price takers), this name making it's own chips can do just that.
V
Bear Flags Are Everywhere. The Santa Rally Is Doomed.I’m going through my watch list this morning and I’m removing a lot of stocks from it that have formed bear flags after the selloff on Dec 18th.
If you’re a dip buyer maybe you like pullbacks. But if you’re a technical trader you can quickly spot the bear flag on this chart.
See that high volume distribution day followed by lower volume as the price trickles back up? I’d steer clear of this stock for the moment, because that’s classic bear flag behavior.
This stock, and many that look just like it, want to go lower.
Some of these look like they are about to recover. Let’s have a look at BTDR. It’s threatening to take out the previous high, and it might. But don’t jump at it too soon. Until it starts a proper uptrend it’s at high risk to break back down and take out previous lows.
Don’t be fooled into putting your cash into the market just because the Santa Rally is supposed to be coming. Odds are good that it’s not, or that only the strongest stocks and sectors will rally.
Until a stock proves itself a winner, by taking out previous highs, or proves itself a loser, by taking out the distribution day lows, steer clear and look elsewhere to invest your money.
BTDR - Daily - Overextended?"Click Here🖱️ and scroll down👇 for the technical, and more behind this trade!!!
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Rising Mining Difficulty: The recent increase in Bitcoin's mining difficulty poses a significant challenge for miners like BTDR, especially those who are not energy-efficient. This could erode their profit margins.
2.) Declining Financial Performance: The company's projected reduced revenue and negative net income for the past three quarters of 2024 indicate a concerning trend.
3.) Potential Lagging Correction: Given the recent correction in Cleanspark, a similar downward trend for BTDR seems likely, especially considering their similar business models.
🌎Global Market Sentiment⬅️
Bullish Factors:
- Historical Data: The 62% chance likely stems from historical data showing a tendency for positive performance in December.
- Potential Rate Cuts: Market expectations of potential rate cuts by the Fed could boost investor sentiment and drive asset prices higher.
Bearish Factors:
- Economic Uncertainty: The possibility of a recession could negatively impact market sentiment and lead to increased volatility.
- Fed's Tight Monetary Policy: The Fed's ongoing efforts to combat inflation through higher interest rates could put downward pressure on asset prices.
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Technical Analysis of Bitdeer Technologies Group.Long Position:
Entry Point: Consider entering a long position if the stock breaks and holds above $12.00.
Target Price: $15.00
Stop Loss: $10.50 (to protect against significant downside risk)
Short Position:
Entry Point: A short position could be considered if the stock falls below $10.00.
Target Price: $8.50
Stop Loss: $11.00 (to limit potential losses)
Based on the technical indicators and current price action, Bitdeer Technologies Group exhibits strong potential for further growth. Analysts have set a 1-year price target of $15.06, representing a potential upside of approximately 31.16% from the current price.
Bullish Scenario: If the stock maintains its upward momentum, breaking through the resistance level at $12.50, we could see a quick rally towards $15.00. The strong buy rating from analysts further supports this view.
Bearish Scenario: Should the stock face downward pressure, critical support levels are at $10.50 and $9.50. A breach below these levels could indicate a trend reversal.
Bitdeer Technologies Group is positioned well for growth with its current bullish trend and positive technical indicators. However, traders should remain vigilant and use appropriate stop-loss orders to manage risk effectively. The stock's balanced RSI and strong moving averages make it an attractive candidate for long positions, with a speculative price target of $15.00 within the next year.
BITDEER deserves to be re-rated HIGHERBased on fundamentals and technicals of course!
This company I expect to comfortably trade as a double digit company by years end
And during the #Bitcoin bull top even has the potential to tag this log projection
we can see an Inverse head and shoulders clearly being formed.
Yet to trigger, but it has some impressive projections.
Will Bitdeer outperform it's more well known rival #Mining competitors?