NIA’s BTL About to Surpass Key Breakout Point as Ethereum Explodes!

NIA’s #1 favorite cryptocurrency Ethereum is beginning to breakout big once again and is up 11.32% today to $47.08! Look for NIA’s BTL Group (TSXV: BTL) to surpass its key breakout point of $3.98 per share and explode as soon as today or tomorrow – it has gained the last four straight days, closing yesterday at $3.82 per share!

On March 3rd, NIA announced BTL at $2.44 as its #1 Ethereum stock suggestion. On March 6th, BTL hit a new all-time high of $3.98 per share for a gain of 63.11% from NIA’s suggestion price! Afterwards, BTL saw profit taking and dipped to a March 8th low of $2.53 per share, but immediately began to bounce big – continuing its trend of dipping to higher lows before soaring to higher highs!

NIA last alerted you about BTL on March 17th after it gained $0.44 or 15.66% in a single day to $3.25 per share. NIA said on March 17th, “BTL has the #1 best looking chart in the entire market. BTL looks perfectly poised to rise to new record highs. As soon as BTL breaks its all-time high of $3.98 per share set on March 6th, look for it to immediately explode into the $4.50-$5 range within the following 24-48 hours.”

BTL has gained the last four straight days, rising a total of $0.67 or 21.3% to $3.82 per share – its second highest closing price since our suggestion! BTL could surpass its key breakout point of $3.98 per share as soon as today or tomorrow!

BTL’s 5-day volume weighted average price (VWAP) is now up to $3.39 per share – a record high! When BTL set its all-time high of $3.98 on March 6th, its 5-day VWAP was only $3.07 per share – and it peaked at a price that was 29.66% above its 5-day VWAP. BTL has reached a price of at least 29.66% above its 5-day VWAP on six occasions over the past year. Currently, a price of 29.66% above BTL’s 5-day VWAP would value it at $4.39 per share – and after another day or two it will value BTL in the $4.50-$5 per share range.

When BTL set its all-time high on March 6th of $3.98 it had a 14-day relative strength index (RSI) of 85.45 making it extremely overbought. BTL’s current 14-day RSI at $3.82 is only 72.27, which is equal to its RSI on March 3rd when NIA first suggested it at $2.44 per share – just prior to it exploding 63.11% to $3.98 per share! For BTL to once again become extremely overbought with an RSI of 85.45, it will need to make a move in the upcoming days to $6.50 per share!

Fundamentally, BTL got ahead of itself on March 6th when it closed at $3.90 per share vs. Ethereum then trading for $19.35 – equaling a record high BTL/Ethereum price ratio of 0.2015.  Since November 1st, BTL has traded at a median of 0.14X the price of Ethereum. Currently, the BTL/Ethereum price ratio is only 0.081 – making BTL extremely undervalued!

The BTL/Ethereum ratio has been trending sharply upward since bottoming one week ago at a record low of 0.0596, and appears to be on its way back to the median of 0.14BTL’s current fundamental fair value based on the median BTL/Ethereum ratio of 0.14 is $6.61 per share!

BTL is about to close on a HUGE private placement of $3.105 million! On March 22nd, BTL announced that it was looking to raise $2.7 million in a private placement of 1 million shares at $2.70 per share. Demand was so strong that the very next day, BTL increased its private placement amount to $3.105 million!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.

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