dtomasino5

Symmetrical Wedge Breakout to the Downside

Short
NASDAQ:BTBT   Bit Digital, Inc
BTBT has been forming lower highs and higher lows since August. The trend finally broke through the wedge to the downside. Downtrend trajectory is relatively the same in the past. If we use that trajectory with the current downtrend, and using the symmetrical wedge breakthrough as continuation confirmation, we can enter puts based on that. The downtrend trajectory intersects with the December 31st expiry at $4.89 before hitting the next line of support
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