Investing
Haven
No Result
View All Result
Wednesday, February 24, 2021
  • Login
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
Crypto investing >>
Investing
Haven
  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026
No Result
View All Result
Investing Haven
No Result
View All Result
Home Super Growth

Is Blockchain Stock BTL Group (BTL.V) Still A Buy In 2018

by Taki Tsaklanos
December 03, 2017
in Super Growth
0
Tags: 2018 ForecastsBTLBTL.V
2.2k
VIEWS
Share on FacebookShare on Twitter

Blockchain stock BTL Group, symbol BTL.V, trading on the Toronto Junior exchange (TSXV) continues its great ascent. The stock achieved our forecast of $9 which we did more than 6 months ago in this blockchain stock BTL Group forecast. Where from here? Readers are asking us whether this stock is still a buy after it tripled since we tipped this stock.

Fundamentals of blockchain stock BTL Group

On the one hand BTL Group is active in the hottest technology trend: blockchain. This is a blue ocean similar to the internet in 1997. The blockchain will disrupt industries in a once-in-a-decade fashion. It is happening in front of our eyes although many are not aware of it.

The key success factor now is to be ahead of the game. Every company that offers a blockchain must iterate its service as soon as possible to gain traction ahead of its peers. The companies active in this space right now are the ones that can benefit from first mover advantages, though they have to act fast.

We believe BTL Group is doing the right thing, gaining traction, validating its service to the market, on its way to become a first mover. We see that in the way they evolve their Interbit platform, its core blockchain service.

Moreover, the company recently announced to got another $15M of funding through a private placement. The exercise price of the shares was set at $7.00.

A quote from the press release:

“We are delighted to have completed this funding round, where we saw significantly increased investor demand given the recent progress and exciting news from the Company. The capital will be used to rapidly expedite our go to market strategy for our third generation blockchain platform, InterbitTM. As we have proven throughout this year in our customer journeys, InterbitTM meets the requirements of industry via its scalability and privacy, with the platform using its multiple connected blockchains, aiming to handle hundreds of thousands of transactions per second. Our plan is to deliver a product that will be relevant in many years to come, as we envisage widespread enterprise adoption of blockchain technology,” said Dominic McCann, CEO of BTL.

In sum, BTL Group is doing the right thing, fundamentally, and they are in a booming industry that is only starting to expand now.

Chart of BTL Group’s stock price going into 2018: buy or not?

The chart of BTL Group, going into 2018, looks awesome, provided that $7.00 holds. Uncoincidentally, this is also the exercise price of the recent private placement (see above).

We recently identified this almost ‘layered’ chart structure in BTL Group. This pattern will remain valid for as long as it continues to trade in that pattern. That may sound as simple and intuitive as it is, but the majority of investors have a very hard time investing with a pattern. They are too fast shaken out of their positions once support levels in ongoing patterns are tested. Even worse, they get shaken out because they read something somewhere from someone on the internet. The chart is your most reliable compass in markets, smart investors treat it with humbleness and with courtesy.

BTL Group’s stock chart reveals one key message: it will trade in its newly set (higher) trading range as long as it continues to trade above $7.00. If this pattern holds it will trade higher in 2018.

At InvestingHaven, we continue to be bullish on BTL Group, and buy the dip in 2018 for as long as the ongoing chart pattern is respected.

blockchain stock btl group buy 2018

 

Do you want to know how BTL Group ranks against all other blockchain stocks out there? Subscribe to InvestingHaven’s Blockchain Stock Investing Research Service to get a full list of blockchain stocks >>

 

  premium service trade alerts   premium service trade alerts   premium service crypto teaser  
Taki Tsaklanos

Taki Tsaklanos

Taki has +15 years of experience in global markets. His methodology is unique and effective, yet easy to understand; it is based on chart analysis combined with intermarket / fundamental / sentiment analysis. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. Twitter: twitter.com/investinghaven

  • Trending
  • Comments
  • Latest
silver prices

A Silver Price Forecast For 2021 *Silver 30 USD Underway*

January 2, 2021
gold price

A Gold Price Forecast For 2021 *Gold 2200 USD Underway*

January 2, 2021
dow jones

A Dow Jones Forecast For 2021 *New All Time Highs*

January 2, 2021
dow jones

Dow Jones Long Term Chart on 20 Years *10 Must See Charts*

October 26, 2020
bull with mask

Stocks Uber Bullish In 2021 Because Of This Monster Breakdown In Treasuries

0

Protected: [Emerging Markets/Gold/Silver] Heads up Template

0

Protected: [SPY] Heads up Template

0

Protected: [GOLD] Buy Alert Template

0
bull with mask

Stocks Uber Bullish In 2021 Because Of This Monster Breakdown In Treasuries

February 21, 2021
btc price forecast

Bitcoin’s Parabolic Rise Just Started Or About To End?

February 21, 2021

French Stock Index CAC40 Started A Secular Breakout

February 21, 2021
gold break down

Gold Is Breaking Down, Here Is Why (Hint: Intermarket)

February 21, 2021

Connect with InvestingHaven

Receive top notch forecasts for free.

*We hate spam as you do.

Categories

  • Premium Services & Login
  • 2021 Forecasts
  • Commodities & Gold
  • Stocks
  • Crypto
  • Mission 2026

Site Navigation

  • RSS Feed
  • About us
  • Sitemap
  • Privacy & Disclaimer
  • Terms of Service
  • Contact Us
Investing
Haven

Top notch forecasting with gold price forecast, many stock predictions, cryptocurrency charts. Many investing tips and crypto market analysis.

Copyright © 2021 Investing Haven

No Result
View All Result
  • Premium Services & Login
  • Premium Investing Service
  • Premium Trading Service
  • Premium Crypto Service
  • 2021 Forecasts
  • Markets & Stocks
  • Commodities & Gold
  • Crypto Markets
  • Mission 2026

Copyright © 2021 Investing Haven

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In