$BTCM AGAIN.. The Market Is Wrong

NYSE:BTCM   BIT Mining Limited
My last long on this asset hit multiple targets before dying a horrific death that I rode all the way to stops... I do not care.. This asset will go from $1.00 or $2.00 back to $20.00 a share one of these times just got to catch the Bitcoin wave.

If you believe in Bitcoin, it is crazy to not be long this asset the same way you would by Marathon or Riot.

HTF TA is trash on this because it is a boomer asset and they are only looking earnings (WahhHhHh they only did $53M in profit last earnings 😰) but it continues to trade in tandem with Crypto markets.

I have punted about 5 longs in this asset and up about 600% after taking 2 major L's of about 20%.. if you are paying attention and do not get stuck in the market on a weekend Bitcoin decides to jump off a cliff, it is impossible to not make money.

This long is extremely simple: went long knowing FOMC was going to be 50bps and will ride out the bullish divergence on MACD/RSI on the daily to 4 targets mentioned on the chart. Number 4 is letting capital ride IF it actually got back over critical resistance.


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