Technical Analysis for BTCM - BIT Mining Limited ADS
| ADX | Long Term | Intermediate Term | Short Term |
|---|---|---|---|
| Weak or Absent | Down | Up | Up |
| Date | Alert Name | Type | % Chg |
|---|---|---|---|
| Crossed Above 20 DMA | Bullish | 0.00% | |
| Crossed Above 50 DMA | Bullish | 0.00% | |
| 180 Bullish Setup | Bullish Swing Setup | 0.00% | |
| Bollinger Band Squeeze | Range Contraction | 0.00% | |
| Earnings Movers | Other | 0.00% | |
| BB Squeeze + Upper Band Touch | Range Contraction | 0.00% | |
| Upper Bollinger Band Touch | Strength | 0.00% | |
| 50 DMA Resistance | Bearish | 8.53% | |
| Fell Below 20 DMA | Bearish | 8.53% | |
| Bollinger Band Squeeze | Range Contraction | 8.53% |
| Alert | Time |
|---|---|
| Rose Above 20 DMA | 4 days ago |
| 60 Minute Opening Range Breakout | 4 days ago |
| Rose Above Previous Day's High | 4 days ago |
| Rose Above Upper Bollinger Band | 4 days ago |
| Rose Above 50 DMA | 4 days ago |
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- Earnings date: 05/24/2024
BIT Mining Limited ADS Description
BIT Mining Limited is a leading cryptocurrency mining enterprise, with a long-term strategy to create value across the cryptocurrency industry. Since announcing its entry into the industry in December 2020, the Company has: (i) purchased and deployed bitcoin mining machines with a theoretical hash rate capacity of approximately 1,031.5 PH/s; (ii) acquired three hydroelectric cryptocurrency mines with combined electric power capacity of 435MW, by purchasing a controlling stake in Loto Interactive Limited (HKEX:08198); and (iii) acquired the entire mining pool business of Bitdeer Technologies Holding Company operated under BTC.com, including the domain name and the cryptocurrency wallet of BTC.com. The Company has also entered into a definitive agreement with Bee Computing (HK) Limited, a 7-nanometer cryptocurrency mining machine manufacturer, in order to help sustain the Company's continued growth.
Classification
Sector: Consumer Cyclical
Industry: Gambling
Keywords: Mining Bitcoin Cryptocurrency Payment Systems Financial Technology Decentralization Cryptography Private Currencies Bitcoin Mining Machines
| Indicator | Bull Case | Neutral / Hold | Bear Case |
|---|---|---|---|
| 50 DMA | |||
| 200 DMA | |||
| ADX Trend | |||
| Oversold / Overbought | |||
| Relative Strength |
| Indicator | Value |
|---|---|
| 52 Week High | 6.95 |
| 52 Week Low | 1.79 |
| Average Volume | 115,694 |
| 200-Day Moving Average | 3.29 |
| 50-Day Moving Average | 2.69 |
| 20-Day Moving Average | 2.65 |
| 10-Day Moving Average | 2.64 |
| Average True Range | 0.30 |
| RSI (14) | 53.70 |
| ADX | 9.73 |
| +DI | 17.66 |
| -DI | 15.11 |
| Chandelier Exit (Long, 3 ATRs) | 2.36 |
| Chandelier Exit (Short, 3 ATRs) | 3.27 |
| Upper Bollinger Bands | 2.86 |
| Lower Bollinger Band | 2.43 |
| Percent B (%b) | 0.86 |
| BandWidth | 16.19 |
| MACD Line | -0.01 |
| MACD Signal Line | -0.03 |
| MACD Histogram | 0.0218 |
| Pivot Point Level | Traditional / Classic | Fibonacci | Demark | Woodie | Camarilla |
|---|---|---|---|---|---|
| Resistance 4 (R4) | 3.24 | ||||
| Resistance 3 (R3) | 3.21 | 3.04 | 3.16 | ||
| Resistance 2 (R2) | 3.04 | 2.93 | 3.05 | 3.14 | |
| Resistance 1 (R1) | 2.92 | 2.86 | 2.98 | 2.95 | 3.11 |
| Pivot Point | 2.75 | 2.75 | 2.78 | 2.76 | 2.75 |
| Support 1 (S1) | 2.63 | 2.64 | 2.69 | 2.66 | 2.49 |
| Support 2 (S2) | 2.46 | 2.57 | 2.47 | 2.46 | |
| Support 3 (S3) | 2.34 | 2.46 | 2.44 | ||
| Support 4 (S4) | 2.37 |
