BItcoin is still a long but could be getting some resistance in the push over $50 K USD. It pulled back into a dip for the NY morning open and got the volume push. Got more on the options. Crypto stoeck still airborne including CLSK. BITF, BETS, HUT, MSTR and RIOT. Watching my positions closely as BTCUSD could roll over here.
MARA fell a few days ago while Bitcoin is staging another leg higher along with other coins. On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP and near to the bottom of the high volume area on the volume profile but above the POC line. This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00...
MSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line that has no slope. Support and resistance horizontal zones are drawn in for reference...
RIOT is shown on a 15 minute chart over the past 7 trading sessions showing 3 trends up then with intermittent consolidation then a trend dow. The trend down is the most important. Given the strength shown on the indicator demonstrating bullish divvergence I believe that RIOT is now set up for a pullback entry long either shares or options at this...
On the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X. The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of...
#BITF Has a great ticker Great management Slick operations and investor communications I am in Hope you are in too Let's Go
I know I told u to buy #BITCOIN miners not #BTC the miners will make u the money in a bull run still got multiples left in it. how many multiples left in bitcorn 2.5X? 3X?
📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin. I follow the same logic for crypto ETFs, in which I analyzed this link: The correlation shown here is a little lower compared to ETF's. 🐔I think that the price will make a hen fly, and then fall more strongly🐻.
better chart the laast one cut off, looking to gain the poc take off to the tested blue blast throuh it test a new local high and hit the yellow vol gap
Thoughts on how this will probably play out short term, lookingg to get above these higghs and keep pishing for new ones, looking for the blue and above blue to the next blue, if we get rejected its not strong back dogn to .50 but if not should slowly trend up with the market
smc as well as equilibrium aligns with the volume profile as well. should have little resistance until around $3 realistically a bit more upside. potential longer term is nice
As BTC is pointing toward a pullback to the 21-20k area we can reasonably assume bitcoin mining stocks will also correct. NASDAQ:BITF is looking to go to the $.75-.60 support area before gearing up to go higher to $2, the next area of resistance. On the fundamental side the company is one of the stronger miners with one of the highest Bitcoin mined per 1...
BitFarms is a nice little company hidden in the space with very few employees. Could make a moonshot once CBDCs are forced unto the world. stayu tunes to find out.
BITF similary to other bitcoin mining stocks has been in a downtrend since 2021. Bitfarms Ltd., founded in 2017 and is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop to retest lows from 2020 and next the accumulation phase before the explosive move up. RSI on weekly is already pretty oversold but taking...
Positive correlation with Bitcoin. Next target: $0.50 Fundamental analysis:
Expecting at least the 61.8%... Overall market is still correcting as well as Bitcoin. Expecting around 22K on Bitcoin to finish out this correction.
Price has always fallen after earnings. Estimate for next earnings is lower than past 2 quarters. Entry target at $4.30 with a confirmation stochastic target of 64, and RSI entry of 53. Require a breakthrough of $4.30 price. Warning: Head-and-shoulders pattern in RSI along with constant overbought signal in Stochastics could signal bearish sentiment. Lookahead:...