I 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!
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!