Hi everyone,
If BTBT manages to maintain its current price levels, we're likely to see an upward move towards the $3.36 mark, aligning with the monthly indicators. However, if it drops below this week's level, expect to find support between $2.52 and $2.59.
Wishing everyone good luck!
Market Participants
No
Lettuce Hands always make laugh
If you love a thing
or even Just Like a thing
And you can buy it for cheap .. why don't you?
Oh
I see
they didn't actually ave the conviction
Somebody gave them a tip
A story as old as time
Analyzing the options chain and the chart patterns of BTBT Bit Digital prior to the earnings report this week,
I would consider purchasing the 2.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Bitcoin is entering a bull market and NASDAQ:BTBT has entered into a contract to supply GPU power for AI development. Revenue from the AI contract could be up to $250M, which is more than the current market cap of the entire company. Holdings of BTC will benefit from bull run, and mining revenues will multiply.
Going back to $3.00.
"North American operations
With headquarters in New York, our bitcoin mining operations span the United States and Canada represent a mining fleet with significant scale."
Looks Great!
This is the only mining stock ready to long right now. I want to wait 24hr to see what BTC does though because no matter how well read the chart is btc pulls the strings here
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...
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...
NASDAQ:BTBT
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...
i have marked off the levels of resistance and the support we may retrace to 2.70s
i do believe continued growth is eminent this company is outperforming
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...
On the Monthly Timeframe, Bit Digital is Bullishly Crossing over on the MACD and has Confirmed a Bearish 3 Line Strike which could most likely take it back up to make atleast a 50%-61.8% Retrace in the coming weeks.
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
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
