BTBT a crypto miner surging as cryptocurrencies move up
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 even
the index CRYPTO10 will likely give an indication of further BTBT price action. The Market Bias
may change from gray ( for pullback) back to green to signal the onset of the continuation.
The HA candle-based RSI oscillator in the onset of the continuation would show the RSI staying
above the 50 lines and the candles go red to green. For me, this will be an entry when
observed on the 5-15 minute time frame. I consider this to be a safe trade relative to the
profit expectation.
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 even
the index CRYPTO10 will likely give an indication of further BTBT price action. The Market Bias
may change from gray ( for pullback) back to green to signal the onset of the continuation.
The HA candle-based RSI oscillator in the onset of the continuation would show the RSI staying
above the 50 lines and the candles go red to green. For me, this will be an entry when
observed on the 5-15 minute time frame. I consider this to be a safe trade relative to the
profit expectation.