BTDR Still in a triangle, Wave c of (C) downNASDAQ:BTDR Bitdeer was rejected harshly on the 4th test of the High Volume Node (HVN) resistance, each test weakening the Node and adding probability to a breakout.
Wave c of an ABC within a triangle wave (C) appears to be underway with price closing below both the daily pivot and 200EMA. RSI has slight bullish divergence.
Until we get a break below wave (A) or a above wave (B) the analysis is good. Will readjust and update if anything changes. A breakdown below the triangle has a wave 2 target of the golden pocket Fibonacci retracement and HVN support at $9.63 and may offer a great buying opportunity.
Breakout target is the R5 daily pivot at $21.84
Safe trading
1BTDR trade ideas
$BTDR Pressure Building?NASDAQ:BTDR still appears to be in a wave 2 triangle building pressure for a significant wave 3 up into price discovery.
Wave (II) found support a the golden pocket, shallower than the other miners! Price has tested the upper boundary of the triangle and High Volume Node multiple times at $15 and only once at the bottom threshold hinting at a breakout upwards. Each test makes the boundary weaker.
The weekly pivot point at $17 is the first area of resistance to watch followed by the all time high at $25
Analysis is invalidated below $6.44. RSI is only at the EQ so has room to grow.
Safe trading
$BTDR Closed above resistance!NASDAQ:BTDR Bitdeer closed above major resistance yesterday, despite BTC and alt coins having a bearish day, triggering our long signal in the Weekly Trade signals substack.
I am looking for price to start to accelerate in wave 3 and resistance now support to hold. If BTC reverses it will add additional tailwinds with a target of the major resistance above the R5 daily pivot $24
Safe trading
2/25/25 - $btdr - Time to get large2/25/25 :: VROCKSTAR :: NASDAQ:BTDR
Time to get large
- novel way to save energy in chips
- nobody knows
- the results, who cares
- wrong day to be a bitcoin company
- ape'd on the LT options $5 calls for '27. started building my longer-dated warchest now that we're below $10 level i was looking for.
- be safe out there
- wtf day.
V
2/19/25 - $btdr - Building core position <$152/19/25 :: VROCKSTAR :: NASDAQ:BTDR
Building core position <$15
- will post on this one a lot in the coming year(s)
- Jihan founded bitmain which supplies 90% of the bitcoin chips today, was kicked out and is coming back to own the whole industry
- NASDAQ:BTDR is a semiconductor company that looks to the untrained eye as "just another miner"
- the smartest players want to own as much of this as possible. Jihan has controlling interest, he's not selling, so they'll need to hit the open market
- genuinely hope they send this thing back to sub $10, and i'll take it to a 10-15% position and probably with big leverage too.
- for now, i'm starting with a 1.5% position and will look to grow it.
- when i say you need to buy stuff within bitcoin that will outperform the bitcoin pair in the LT... and because otherwise you just become a beta punching bag (like the other miners that are price takers), this name making it's own chips can do just that.
V
Bear Flags Are Everywhere. The Santa Rally Is Doomed.I’m going through my watch list this morning and I’m removing a lot of stocks from it that have formed bear flags after the selloff on Dec 18th.
If you’re a dip buyer maybe you like pullbacks. But if you’re a technical trader you can quickly spot the bear flag on this chart.
See that high volume distribution day followed by lower volume as the price trickles back up? I’d steer clear of this stock for the moment, because that’s classic bear flag behavior.
This stock, and many that look just like it, want to go lower.
Some of these look like they are about to recover. Let’s have a look at BTDR. It’s threatening to take out the previous high, and it might. But don’t jump at it too soon. Until it starts a proper uptrend it’s at high risk to break back down and take out previous lows.
Don’t be fooled into putting your cash into the market just because the Santa Rally is supposed to be coming. Odds are good that it’s not, or that only the strongest stocks and sectors will rally.
Until a stock proves itself a winner, by taking out previous highs, or proves itself a loser, by taking out the distribution day lows, steer clear and look elsewhere to invest your money.
BTDR - Daily - Overextended?"Click Here🖱️ and scroll down👇 for the technical, and more behind this trade!!!
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📈Technical/Fundamental/Target Standpoint⬅️
1.) Rising Mining Difficulty: The recent increase in Bitcoin's mining difficulty poses a significant challenge for miners like BTDR, especially those who are not energy-efficient. This could erode their profit margins.
2.) Declining Financial Performance: The company's projected reduced revenue and negative net income for the past three quarters of 2024 indicate a concerning trend.
3.) Potential Lagging Correction: Given the recent correction in Cleanspark, a similar downward trend for BTDR seems likely, especially considering their similar business models.
🌎Global Market Sentiment⬅️
Bullish Factors:
- Historical Data: The 62% chance likely stems from historical data showing a tendency for positive performance in December.
- Potential Rate Cuts: Market expectations of potential rate cuts by the Fed could boost investor sentiment and drive asset prices higher.
Bearish Factors:
- Economic Uncertainty: The possibility of a recession could negatively impact market sentiment and lead to increased volatility.
- Fed's Tight Monetary Policy: The Fed's ongoing efforts to combat inflation through higher interest rates could put downward pressure on asset prices.
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Technical Analysis of Bitdeer Technologies Group.Long Position:
Entry Point: Consider entering a long position if the stock breaks and holds above $12.00.
Target Price: $15.00
Stop Loss: $10.50 (to protect against significant downside risk)
Short Position:
Entry Point: A short position could be considered if the stock falls below $10.00.
Target Price: $8.50
Stop Loss: $11.00 (to limit potential losses)
Based on the technical indicators and current price action, Bitdeer Technologies Group exhibits strong potential for further growth. Analysts have set a 1-year price target of $15.06, representing a potential upside of approximately 31.16% from the current price.
Bullish Scenario: If the stock maintains its upward momentum, breaking through the resistance level at $12.50, we could see a quick rally towards $15.00. The strong buy rating from analysts further supports this view.
Bearish Scenario: Should the stock face downward pressure, critical support levels are at $10.50 and $9.50. A breach below these levels could indicate a trend reversal.
Bitdeer Technologies Group is positioned well for growth with its current bullish trend and positive technical indicators. However, traders should remain vigilant and use appropriate stop-loss orders to manage risk effectively. The stock's balanced RSI and strong moving averages make it an attractive candidate for long positions, with a speculative price target of $15.00 within the next year.
BITDEER deserves to be re-rated HIGHERBased on fundamentals and technicals of course!
This company I expect to comfortably trade as a double digit company by years end
And during the #Bitcoin bull top even has the potential to tag this log projection
we can see an Inverse head and shoulders clearly being formed.
Yet to trigger, but it has some impressive projections.
Will Bitdeer outperform it's more well known rival #Mining competitors?