Trading Idea - Bitcoin Group SEBuy
Target: 90.00 EUR (ca. 63%)
StopLoss: 43.00 EUR
1.) From the technical view we see a bullish flag formation. Another volume impulse may be necessary for this confirmation!
2.) Put the Stop Loss below the confirmed resitance level (44.10 EUR)!
3.) Target could be the old ATH from 2017 at ca. 90.00 EUR
4.) Bitcoin, the still leading crypto currency, has risen well above the USD 62,000 mark and thus to a new record high. This is also giving wings to the Bitcoin Group's shares these days.
ADE trade ideas
UPDATE 70 % Chance - BITCOIN GROUP SE analysisHello dear reader,
This analysis is an update of the trading idea on Bitcoin Group presented on 20 March.
- The entry was picked up almost exactly
- With today's daily candle and a bullish move of more than 10%, the bottoming seems to be completed.
- The SL is tightened to the entry in order to have a hedge against losses.
- Now the trade can unfold undisturbed. The price targets remain fixed.
This means that this opening can even eclipse the performance of the BTC :)
If you want to support my work I am happy about a Like & Follow 🙏
Many greetings & success!
Chartdigger
70 % Chance - BITCOIN GROUP SE Share Price AnalysisHello everyone,
today we take a look at the chart of the Bitcoin Group
- The normal correction seems to be over
- From a chart perspective, the next bull run should now be on the cards
- Horizontal support levels support the zone around 46 points
The plan
- I want to build a long position around the 48 point level
- The golden pocket of the last rally is the main support that should not be undercut by the weekly closing price.
- The last high serves for me as the main target for a trade.
Buy zone: 44 - 48 points
Target zone1: around 83 points
Target zone2: around 100 points
With this in mind,
Good luck & Keep it simple!
Max
Bitcoin Group - doubling? #crypto #bitcoin #adeMoin, Moin everyone,
Germany's largest Bitcoin marketplace is still missing the harmony with Bitcoin itself. That's the way it has been over the years.
A doubling and possibly more would not surprise me, so I have now collected my shares back, that i sold at 75 euros.
Successful trading to you.
Greetings from Hannover, Lower Saxony, Germany
Stefan Bode
P.S.
Withdraw your money/shares/certificates from companies like #Traderepublic, #RobinHood & Co if they simply prevent you from buying shares. If they do it once, they can/will do it again in the future.
The strong correlation between $BTCUSD and #BitcoinGroup $ADEA great way to get exposure to crypto in your stock brokerage account is to look for great companies that do business within the crypto space.
One such company is Bitcoin Group SE, a german holding company that owns several german crypto companies, among the Bitcoin.de, a well known crypto exchange.
It is fascinating to see how it finally caught fire and followed BTC price to new highs.
Bitcoin Group $ADE tripled EBITDA, sales revenues up 153%September 30, 2020
Bitcoin Group SE publishes semi-annual report 2020 - dynamic growth despite challenging environment
Sales revenues increase sharply by more than 153% to EUR 6,228 thousand
EBITDA more than tripled to EUR 4,177 thousand (previous year: EUR 1,231 thousand)
Management confirms all forecasts
Herford, September 30, 2020 -
Bitcoin Group SE (ISIN DE000A1TNV91) today presented figures for the first half of 2020. Despite a challenging environment in the wake of the corona pandemic, the group of companies recorded strong growth. Sales amounted to EUR 6,228 thousand compared to EUR 2,455 thousand in the first half of 2019. At the same time, Bitcoin Group SE recorded a significant increase in earnings before interest, taxes, depreciation and amortization (EBITDA) from EUR 1,231 thousand in the same period of the previous year by 239 percent to EUR 4,177 thousand first half of 2020. Earnings before interest and taxes (EBIT) improved from EUR 4,228 thousand in the first half of 2019 to EUR 5,042 thousand at the end of June 2020. As a result, earnings per share rose significantly to EUR 0.70 in the first six months of 2020 compared with 0.57 euros in the same period last year. This corresponds to a growth of 22.8 percent.
Bitcoin.de - the cryptocurrency trading center operated by the 100 percent subsidiary Bitcoin Deutschland AG - recorded strong customer interest throughout the reporting period . The number of users grew from 840,000 at the end of 2019 to 884,000 in the first half of 2020. An average of 7,333 new customers per month opted for the extensive services of Bitcoin.deto use. After a temporary weak phase in the Bitcoin price at the peak of the corona-related lockdown, however, it recovered significantly over the course of the reporting period. The Bitcoin price was quoted at EUR 8,142.56 at the end of the first half of 2020, well above the 2019 year-end level of EUR 6,516.03 and roughly at pre-crisis level. Both the positive developments in key cryptocurrencies and the success in acquiring new customers ensured increased trading volumes on Bitcoin.de and an overall successful first half of 2020 for Bitcoin Group SE.
The company continues to work with full commitment on diversifying its business model. This includes the resolution passed outside the reporting period to merge Bitcoin Deutschland AG with futurum bank AG to increase the value. With this integration measure, Bitcoin Group SE can strengthen its offering in the group as a cryptocurrency trading center and custodian and offer its customers an even better service from a single source. The aim is to make the crypto marketplace accessible to institutional and corporate customers in the future. In this way, Bitcoin Group SE opens up new sales potential and customer groups.
“The business development in the first half of 2020 makes us satisfied and optimistic. Satisfied above all because we have shown that we can and will assert ourselves with our strategy even under challenging market conditions. The steadily increasing number of users underscores the reliability and attractiveness of our service portfolio, which we are now also opening up to institutional investors. We are expanding our position step by step - on behalf of our customers and shareholders, ”says the managing director of Bitcoin Group SE, Marco Bodewein.
The management confirms the forecasts made for the full year 2020. With regard to the positive development in new customer acquisition, the company expects a total of 900,000 registered users for the full year. Consistent to sharply increasing sales and positive earnings before interest, taxes, depreciation and amortization (EBITDA) are expected.
The 2020 half-year report is available for download as a PDF document on bitcoingroup.com in the publications area.
Bitcoin.de #BitcoinGroup $ADE breaking out from downtrendOn the back of Bitcoin and Ethereum breaking out from the crypto bear market, the stock of Bitcoin Group SE is making a similar promising move.
Bitcoin Group SE based in Germany is the company behind Bitcoin.de, one of the largest Bitcoin exchanges in Europe. Bitcoin.de entered into a strategic partnership with Fidor Bank AG in Munich, allowing users to process payments for purchases and sales of crypto currencies directly via their own bank account.
#BitcoinGroup SE $ADE correlates well with #BitcoinBitcoin Group SE is among others the company behind Bitcoin.de, a large european Bitcoin marketplace.
The stock correlates fairly well with the Bitcoin price, and gives an attractive way to get exposure to crypto price movements in your brokerage account.
BTC/XRP volume ratio against USDAre ratios being baked into the bot cake based on volume ratios and the dominance of BTC as an exchange base currency? Breakouts of the ratio downward seem to lead XRP pricing in USD. Could we factor out this movement to anticipate what the value of XRP might be without BTC's influence as a base currency?
Bitcoin Group SE (Germany) / Psychology of MarketThe idea of full market cycles is important to understand. “Where” you are within the current long-term investing cycle has everything to do with your long-term outcomes. The psychology of a major bubble follows a similar pattern, but having risen to ridiculous levels of leverage, has very much further to fall. Much greater collective psychological extremes are experienced in a rare period of manic optimism, and its inevitable aftermath.