$BTCM looks good for more Long

BIT Mining LimitedNYSE

Description

⋅ Sep 3, 2021 4:09 AM

Bit mining limited exploded today up +35% , but looking at weekly chart it appears to have much more...

Want a close above the AVWAP at $11.57 this week for confirmation of continuation. Couldn't push through the heavy resistance at $14.3, but a break of this and $19.5 comes quick. Good volume so far...

Long 10/15 $12.50 calls 1.25 average

Volume Moving Averages Bitcoin (Cryptocurrency)BTC BTCM crypto squeeze

Comments

ffocus541993

⋅ Sep 3, 2021 10:22 PM

How are you feeling about this stock as of now do you think it’s still going to push?

FriscoTrades

⋅ Sep 4, 2021 3:26 AM

If you notice, BTCM was rejected right at the level I identified. However, still closed above AVWAP and MACD still bullish crossing on the weekly.

My calls are for OCT so I am looking at weekly price action I can post a daily chart if you'd like.

I'm still bullish for a few reasons : )