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
NASDAQ:BTBT $BTBT on weekly looks bullish with RSI divergence, potential to reach Fibonacci targets after breaking the orange trend line
Asking price now $ 2.97
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...
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The crypto market is at its loading zone. My team is loading up shares of...
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...
looking for confirmed breakout of daily rsi pattern as well as breakout of 12.80s and a hold above that can run it up to 23$ and as high as 30$ but i would take half off the table close to 23$ range
BTBT is trading within a parallel channel. As noted the YELLOW trend line needs to clear with a breakout for pump to occur.
It is trading at the lower support, so be careful it is not lost. That would lead to lower price action.
10/26 - 10/28 is a mess, I can't make an accurate label if corrective or impulsive. wave iii would be over 423.6 in one count but the other count would make the wave i almost part of the wave iv in previous move down.
who knows?
i don't :)
NASDAQ:BTBT
Possible Scenario: LONG
Evidence: Price Action. fill the gap
TP1: 13.20$
TP2: 15$
Call options, Strike 15$, 11/19/2021
*This is my idea and could be wrong 100%
Weird spot...this chart almost has the "feel" of a forex chart with vol galore. this chart doesn't move the rest in step, it marches on its own. Does some big short money wanna crush some bulls in the next few days? dragging price down for their entry, but crushing these tight stop loss folk out?
BTC Miner. Potential j-hook setup developing with the massive impulse move higher this October.
The AVWAP from swing highs currently holding as where sellers are stepping in. A clearance of that could easily lead to some good upside.
This probably needs to get chopped up, let some premium burn out of the calls, churn some people out, and once everyone's...
I created this Picture in my Technical Ananlysis class I did for friends. I created the Flat Bottom run up tool for a good support trend line up and exit. I love how this tool gives perfect exits as you see. I figured there would be no volume at that level and was due for a correction so I created a Triangle Drop pattern for the retrace. This gives me a...
chart provided is an attempt to look at BTBT as an impulse wave...$10.23 gives possible support in wave c of four. Potential of great risk reward is gettting closer to grab
