Dec '24 • General discussion
$BTBT $4.31 👉🏽 $12.00?
$BTBT shorts ready to get blown out?
Daily timeframe shows how strong the demand is increasing on this stock. Solid trendline acting as support coiling into a resistance, while also printing bullish volume patterns.
Weekly timeframe shows a strategic consolidation after rallying into the most pivotal area in the chart.
Creating a large bubble butt shaped pattern.
In terms of resistance, the volume profile is indicating that there is not much in the way above us until we get near the $12.00 area.
All of this while the stock is sitting at 20% short interest...
If we can see $BTC & $ETH grind higher, we are set up for a major squeeze higher.
Buckle up.
I'm currently sitting on $BTBT Option Calls
$5.50 strike price
May 16/ 2025 Expiry Date
2
1 comment
$BTBT $4.31 👉🏽 $12.00?
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