BKLLF Breakout of Bull Pennant Potential 100% gainsFor some reason, Trading View will not let me a video right now. So, I will post details below.
Codebase has finally broken out of the bull pennant and is beginning it uptrend. We will need a confirmation of the breakout tomorrow; let's keep an eye out for that.
Our signaling indicators are stabilized volume, MACD signaling buy, OU and RSI both signaling strong buys.
I foresee between now and August a $0.50 price target. It will be interesting to see the spikes and large price jumps but keep in mind that Codebase is releasing their Arcology coin this summer, which is proving to be better in terms of performance and scalability than expected. Furthermore, they will hold 50% of these coins, which will not only help the price of this stock but create scarcity by removing 50% of the coins from circulation. Basic law of supply and demand.
Happy Investing!
BKLLF
BKLLF Replaying Past BehaviorFrom what we can see here, a 70% drop in price for BKLLF is not uncommon and this is a signal that they are bottoming out soon and should starting accumulating, which would an ideal buy signal.
BKLLF Steady as she goes, Next PT $2.78, then $5.... as I predicted.... well on its way to $2.78 then $5.
There are several bullish fundamental catalysts driving BKLLF.
1) They invested in Bitcoin mining rigs and will begin mining any day now
2) They are releasing a Cryptocurrency coin called Arcology with all of the latest technology such as PolkaDot's parallel chain concept. They currently own 30% of Arcology and have an option to own up to 51%.
3) They own investments in marijuana through their strategic stake in World High Life PLC, a London based marijuana company that sells CBD products and hemp. There could be leverage opportunities into the growing US market that has a friendly federal administration in power that could power growth going forward.
BKLLF Announces Entering Bit Mining Space: Mid-term PT $5BKLLF has just announced it will be entering the bit mining space to generate revenue. This comes on the heels of announcing that its 30% interest (with an option to increase to 51%) in Arcology - a blockchain agnostic platform w/ TPS in the 10s of thousands will be launching its testnet in February:
VANCOUVER, BC, CANADA (January 15th, 2021) – Codebase Ventures Inc. ("Codebase" or the "Company") (CSE: CODE - FSE: C5B – OTCQB: BKLLF) is pleased to announce that it has signed a $2.5 million (USD) definitive agreement as of January 14th, 2021, to acquire bit mining infrastructure based in the USA for long term revenue generation.
“Cryptocurrencies, including Bitcoin, have risen sharply in the last few months, and Codebase believes there is still long-term potential, as evidenced through recent brokerage analyst coverage1, and mainstream investments2,” said Codebase President Mr. George Tsafalas.
Codebase’s investment will deliver a first phase of 9,450 Petahash per second worth of mining rigs fully hosted in the USA. The Company has the option for a second tranche of an equal number of mining rigs for a period of one year.
This arms-length agreement calls for an initial cash payment of US$ 500,000 and the issuance of 7,000,000 common shares issued at a deemed price of $0.25 per share. All shares issued will be subject to a 4 month statutory hold period. As part of the transaction, the vendor will provide hosting and management services at an all-in price of US$0.075 per kilowatt hour for a period of 2 years.
If the Company exercises its option to acquire a second tranche, the a similar number of mining rigs will cost US $ 500,000 and US $750,000 to be paid by way of shares issued at the then current market price.
The Company’s primary blockchain interest is in Arcology, a cluster-computing powered AI blockchain ecosystem with unlimited scalability. Arcology is progressing toward its second Testnet and the release of its software development kit as previously announced. Code currently holds a 30% interest in the private company that is developing Arcology, with an option to increase its interest to 51%.
As previously announced, Code is complementing its Arcology investment and expanding its interests more widely in the blockchain sphere through this bit mining investment, and will consider future additional blockchain investments as the price of bitcoin and other cryptocurrencies continue to rise and overall adoption of cryptocurrencies continues to expand.
BKLLF Medium-Term PT $2.78BKLLF will head to its previous high of $2.78 in the medium to long-term and this could happen over next 2 months.
In the very short term, BKLLF will break out of a bull flag structure and head to 0.32 in the next few days.
Fundamental case is that BKLLF is releasing a crypto project called Arcology in Mid-February.
Codebase Ventures - Bottom inCodebase Ventures Inc. is a small, hands-on team of financial and technology experts who invest early in great ideas. We operate from the understanding that technology is always evolving, bringing early opportunities for strategic investments that can deliver the exponential returns to our shareholders.
Lots of new acquisitions like a CBD company.... check media.
A clear push to the upper Bollinger Band about to come at 0,0290 Euro or even further as a next test to the Resistance line in blue.
I have used the German Stock market, it's tradeable in Canada and the U.S. aswell.
I personally see a good future for that company like that one.
As always not a trading advice
