BTL Surpassed Key Breakout Point Right at Today’s Close!

NIA’s #1 Ethereum stock suggestion BTL Group (TSXV: BTL) successfully surpassed its key breakout point of $3.98 right at today’s close of trading and finished the day up $0.20 or 5.2% to a new all-time high of $4.02 per share! Already, BTL is up 64.8% from NIA’s initial March 3rd suggestion at $2.44 per share, but this is nothing compared to the gains still to come in the days/weeks ahead!

When BTL reached its previous all-time high of $3.98 per share on March 6th, it finished the day at $3.90 and had a 14-day relative strength index (RSI) of 85.45, making it extremely overbought from a technical perspective. BTL finished March 6th at 0.202X the price of Ethereum vs. the median BTL/Ethereum ratio since November 1st of 0.14, making it extremely overvalued fundamentally as well.

BTL’s current 14-day RSI is only 73. In NIA’s opinion, BTL’s current run won’t be over until its 14-day RSI returns to 85.45. For BTL’s 14-day RSI to return to 85.45, it will need to rise to $6.50 per share within the next week or two without dipping.

BTL is currently trading for only 0.0893X the price of Ethereum. In NIA’s opinion, BTL’s current run won’t be over until the BTL/Ethereum ratio returns to the median since November 1st of 0.14. For the BTL/Ethereum ratio to return to the median of 0.14, BTL will need to rise to $6.30 per share.

Although BTL’s volume today of 156,000 shares was its strongest volume of the last two weeks – when BTL reached its previous all-time high of $3.98 per share one month ago, it traded 975,000 shares over a two-day period. In NIA’s opinion, BTL’s current run won’t be over until we see its volume surpass 500,000 shares in a single day.

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.