Bit Digital - Gunning for a recovery on bitcoin optimism
Bitdigital
BTBT
has broken out of the falling wedge and upon breaking out, the volume has shown a steady increase, which in turn supports the breakout. Mon bullish bar was considered strong and has been confirmed by the spike in volume and subsequent bullish upside.
Momentum indicators show a strong buy signal after long-term MACD has shown the first light of a positive histogram and a bottom crossover, which support a bottom reversal. The stochastic Oscillator rose above the 20-line and has confirmed the oversold signal.
Hence, maintain buy with spot entry at 2.72 and a 2nd buy limit at 2.27.
BTBT
has broken out of the falling wedge and upon breaking out, the volume has shown a steady increase, which in turn supports the breakout. Mon bullish bar was considered strong and has been confirmed by the spike in volume and subsequent bullish upside. Momentum indicators show a strong buy signal after long-term MACD has shown the first light of a positive histogram and a bottom crossover, which support a bottom reversal. The stochastic Oscillator rose above the 20-line and has confirmed the oversold signal.
Hence, maintain buy with spot entry at 2.72 and a 2nd buy limit at 2.27.