BTCM trade ideas
BTCM Bullish as BIT Mining Swings to Profit as Revenue SurgesWith the price of BTC steadily going back up, some of the Bitcoin miners are seeing a nice rapid recovery in their prices as well.
There are quite a few out there, but my new crane indicator says this one looks petty good in terms of potential upside.
BTCM continues to trade on delay with BitcoinThe traditional market do not fully understand crypto yet and the lag between #Bitcoin and #crypto related stocks is extremely easy to capitalize on...
BTCM is a Bitcoin and crypto mining company that is publicly traded on NYSE so I am very interested in owning ALL of this stock but I have been forced to trade in and out due to the correlation being so obvious.
I am not really long or short on this stock, I am simply riding the Bitcoin wave when to get in and out and suggest you put it on your radar to do the same even just to watch.
Bitcoin Miner Could Move On Earnings TodayBTCM is looking bullish with the Bollingers starting to really squeeze and a good rise in price last trading day pushing it back over its 20 day moving average.
With Bitcoins price rise a lot of these kinds of stocks will hopefully get a flown on benefit.
NASDAQ:BITF is a similar stock I bought last week. Will be keeping an eye on this one as well.
Long-termall fired up
Cryptocurrency markets have rebounded in the last two weeks. Ethereum has taken the spotlight because of EIP-1559, but now attention could shift back to Bitcoin. Consider first the daily chart, where Bitcoin is in the process of forming a bullish way too confident
BTCM: Long term holdHello all,
Thank you for stopping by.
After doing some TA for BTCM, I believe we should be on the up and up here. There are a few targets that I have in mind. If we hold the line at 14.69, my following medium-targets are: $18.18 - $21.37 - $22.51.
My long term target is $34.29.
My short/mid-term targets were created using the Fib retracement tool from the high of $35.00 on February 16th to the downside of 13.01 on April 20th. My long-term targets were calculated by the Fib tool starting from the highest point of $52.00 on March 6th 2014 to the lowest point which was $2.61 on December 8th of 2020.
After reviewing some fundamentals, I believe that this company could reach much farther than my TA indicators. This company went by the name of 500.com who then acquired Bitdeer Technologies, including BTC.com. The stock swap announced by 500.com included the transfer of the entire mining pool business of Bitdeer Technologies, including the domain name BTC.com and the cryptocurrency wallet of BTC.com and is occurred this month (April).
This year, 500.com has been busy making moves to acquire batches of bitcoin mining machines after it announced a pivot to the cryptocurrency space in January.
"A total of 100 ETH mining machines are to be delivered between May and June, 300 machines during July and August, and another 1,600 machines during September and December of 2021. (seekingalpha.com)"
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If you ask me, this will be a long-term investment. Set it and forget it... Kinda. Current market cap: 864.59M.
Thanks for stopping by.
