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Bit Digital, Inc.Bit Digital, Inc.Bit Digital, Inc.

Bit Digital, Inc.

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BTBT trade ideas

After 11721% gain in less than 1 year what could happen?Classic double top is obvious in the chart! Potential price drop:48% Reward/Risk:2.92 Timeframe:3-6 months I always try to present the charts in a simple comprehensive format to prevent any confusion. This is just my technical view, neither a fundamental comment,nor a recommendation to trade..! Please review my track record and calculate the odds for yourself..! You’re likes and comments encourage me to continue this. Stay tuned great live stream and quality content videos coming soon..!
NASDAQ:BTBTShort
by Moshkelgosha
3
BTBT (bit-digital), the forgotten bitcoin miner to 45?Of the three big public bitcoin mining companies (excluding CAN), you'd expect all three (RIOT, MARA, and BTBT) to look the same. But they don't. RIOT, which has a 100m shelf offering has been the biggest gainer. MARA meanwhile is forming a bit of a bearish wedge on it's ascent, and then we have bit digital, BTBT. This is showing a nice rounded bottom with clear resistance around 30. At 2.2 exahash (per their website front page), this is more than twice the hashing power of RIOT. MARA claims to have funding and orders for 100k machines, putting it at over 10 exahash! So, why is it that BTBT is lagging behind? I can't say, but the chart shows a very nice rounded bottom pattern. Breaking the congestion around the 30 level could open this up to 45-50 (low of the rounded bottom at 15; top at 30).
NASDAQ:BTBTLong
by tacosaurus
2
BTBT decent R:RI see decent risk to reward potential here. If we see buying volume moving in quickly we could see BTBT short sellers get squeezed. we have hidden bullish divergence on the indicators (Higher high on price but lower high on the oscillators) that help support more upside potential. Other crypto mining stock have been booming today with BTBT lagging behind. BTBT could bee resting here for another push up. If the other hot mining stocks cool down I think investors could poor into BTBT over the next days/weeks. I will be trading with a tight stop here. Over recent weeks this stock has had some negative FUD and has been highly volatile. Trade responsibly. As always, remember risk management is the key to trading. We most preserve our capital!
NASDAQ:BTBT
by Savvytrader27
BTBTAfter an impressive 800% growth in 2 months, the security went into correction and consistently broke through all Fib levels and stopped at 0.382, where support is clearly visible. 2 patterns are formed in parallel, the first is the Flag, the second is a falling triangle with a flat bottom. Both patterns are ready for a breakout upward (see the yellow circle), from where the security will go up with 3 targets - 22.31, 32.96 and 40.53 dollars, a rise of 134% is expected. The security is prone to fast and strong moves, large price fluctuations are possible on the breakout of 2 patterns, but the security looks upward. Since the trade is considered very aggressive, you need to be careful with the size of positions, the stop order here can only be the size of your position, and there is no point in placing a physical stop here, it will be reached with a very high probability. Upon reaching each of the goals, it is necessary to unload 30% of the position, having time to fix the profit. This trading style will allow you to get the maximum profit factor of your trade.
NASDAQ:BTBTLong
by nur16i
1