BTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about
August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating
earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier
today. I see this as an early reversal for a long trade setup with the first target the mean...
COIN has a big jump July 13 after some good news on SEC litigation against crypto
and a court ruling was issued. It is shown here on a 15 minute chart.
Since a double top it went sideways for a week and then down trended. The anchored VWAP
bands serve to give context and serve to show dynamic support and resistance price was at the
mean VWAP on July 13th...
BTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up
this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week,
it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but
with a lower price and market cap. It had been trending along the second deviation...
COIN popped today with vigor as traders seem to recognize the resurgence of crypto.
On the chart, the pop has adequate volatility and high relative volume. The RSI indicator
shows RSI crossed over 50 the prior day and is now nearly at 100. The question arises, can
COIN continue or will it consolidate or reverse? Please comment with your opinion.
Technical Analysis for NASDAQ:BTBT :
If the price of BTBT breaks above the bullish line of $4.36, it may indicate a bullish signal, suggesting potential upward price movement. In this scenario, the target price could be set at $4.80.
Conversely, if the price of BTBT breaks below the bearish line of $4, it may suggest a bearish signal, implying...
BTBT as shown on the 30-minute chart has moved about 20% in the past five trading days as
cryptocurrencies get active. More or less, BTBT formed a bull flag pattern and broke out from
it is in bullish continuation to form another bull flag. Presently the consolidation of the
flag is on the chart but BTBT could break out again. Following BTCUSD, or ETHUSD or...
As seen on the 4H chart, BTBT is triggering a breakout from a High Tight Flag Pattern
( see the link below)
supported by the MACD crossing the zero line from below and the ADX indicator showing
the beginning of a bull trend abuve the green line at ADX 20.
Earnings are soon upcoming on March 29th and the prior earnings...
Zoom out to the weekly chart- there is a massive trendline looming over the price. It is SO close to breaking out above it. Possible fibonacci target in play- the first point of the fibonacci still needs to be carved out, I believe. Multiple places for where this could happen, based on the price levels & MA's on larger time frames. I am looking for $2.24...
Trend line ready to blow after huge consolidation? Price is resting right up against it.
Maybe good for a quick pop, at the very least. More consolidation needed I believe before trend swaps to bullish overall.
*Not trading advice
BTBT recently had to move a large chunk of it's mining operation from china to the us (which is now complete). This cut into mining revenue last quarter. Given the increases in bitcoin recently and apparent support at this longer term uptrend line (thick green gently upward slope), it seems there is a good case for further upside here. Given that 25% of this...
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
The crypto market is at its loading zone. My team is loading up shares of...
The BTC chart is now at an important inflection point at the 42k level. Only a short while ago this was viewed as the most important support which then broke down opening a descent to ~~ 30k where we bounced and found new highs! So it's important to consider both the bull and bear case from here, wait for a clear direction to form, and trade in the direction of...