*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
My team entered Bitcoin Mining Company $BTCM today at $1.78 per share. Our...
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...
Back in on this one.. the Risk VS Reward on this is absolutely massive and as always Bitcoin will lead the dance so you have a warning if you need to get out.
I am long at $2.70 with a stop loss set to 2.50 which hasn't ever happened in the stocks history but it has been worth $50 before...
Again, this is not the best Bitcoin or even crypto mining company to...
Trendline break
Entry 9.2
Stop 7.4
Target 18
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Looks to have to reclaimed potential descending traingle. We had a fake breakdown from. We now look ready to breakout any day now
I’d keep an eye on this beast
Once Bitcoin finds it's pivot point longs on BTCM will be back in business - if Bitcoin can recapture 45,000 this asset can resume the rise to fib golden zone at $30
BTCM broke bearishly out of the pennant but is still holding the short term uptrend nicely (buyers showed up exactly on cue at 9.30)
So long as she holds the line I'm in this trade.
Nice bounce off EMA cloud.
Watching for possible rejection at these levels short term , esp with tomorrow being OPEX
Break above $12.36 she can go
Up +7% today so far ... My bias is a retest of the 200MA ($11.7 zone) with follow through to the upside next week... just an idea.
In the short term, may see more downside before next push up. Overall longer term Bias is bullish, however slightly over bought and bearish spinning top showing market uncertainty on Friday's close. Hoping for a little dip to add to my Oct $12.50 call position. Watching Ripster EMA clouds as support.
Closed a few contracts at 200% but still holding October 12.50 calls for a swing.
Weekly we see bullish MACD crossing and a close above AVWAP. With BTC above 52K now, my bias is towards more upside.
Bit mining limited exploded today up +35% , but looking at weekly chart it appears to have much more...
Want a close above the AVWAP at $11.57 this week for confirmation of continuation. Couldn't push through the heavy resistance at $14.3, but a break of this and $19.5 comes quick. Good volume so far...
Long 10/15 $12.50 calls 1.25 average
Funny how I posted a bunch of ideas over the past few days. Many of them got at least a few likes, but this one got none. Now here we are 2 days into it and already hit the circuit breaker up haha.
Feeney Factor algo confirmation alongside a daily breakout of Kumo.
Enter trade on 9/1 after price closed above horizontal resistance of $9.38. Anticipating a kumo breakout which would quickly become support.
White vertical horizontal is measured from previous move. Then, matched vertically to measure a 1:1 move. Price target is just shy of that 1:1...
BIT Mining Ltd. operates as a cryptocurrency mining enterprise. Its business covers cryptocurrency mining, pool, machine manufacturing, and data center operation. The company utilizes cryptocurrency mining machines and hydroelectric cryptocurrency mines, the sole purpose of which is to mine bitcoin. It also owns the mining pool business operated under BTC.com, including the domain name and wallet. The company was founded by Man San Law in 2001 and is headquartered in Hong Kong.
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