Get Ready, Traders!
Wall Street is buzzing about a thing called the “bitchain.” It’s basically the computer code that makes bitcoins or any other “digital money” happen.
There’s a little firm called Goldman Sachs gushing over about the bitchain over HERE. Maybe you heard of them?
We ain’t got no Goldman account, but redneck traders in the Posse can still get a taste of the bitchain via Digatrade Financial Inc. (BITXF)
BITXF is just $0.04 per share. They’re a little bit outlaw with that bitcoin DNA in there, so they support digital money backed by gold and diamonds.
You never know when you might want to convert pixels to “hard assets,” am I right? More about that after we see the chart:

That’s a rock-simple technical situation so I shouldn’t need to jaw about it much -- perfect for a FRIDAY SPECIAL trade!
Basically we’re looking at the early stages of what could become a significant oversold bounce. RSI hopped above 30 about a week back.
Since then, price action nudged up around 30%, which ain’t bad but when you consider how BITXF touched $0.18 last month it’s still baby steps.
So if this bounce has legs, BITXF can go for quite a while before hitting its head on “resistance” or even running out of steam.
All it really needs is to keep its momentum and maybe get a little fresh buzz on the business model side . . . here we go!
The Commander’s Bullet Points on BITXF
Bottom Line: Sad proof that the market has gotten all twisted up when that “business as usual” update was rewarded with a 7% retreat by the close.
At the moment I captured up there on the chart, BITXF actually slid 16%. Is that justified? Where’s the smoking gun?
Maybe the perma bulls were hoping for an announcement that Santa was coming with a big sack of trader candy. Then their little hearts broke.
Don’t matter. We ain’t them! What I see here is a chance to trade BITXF at close to a 2-digit discount from Wednesday’s close!
Same chart, riding the bounce. Same business -- actually, BITXF went out of its WAY to tell us that! And remember, it’s all about that “bitchain” here.
Fancy boys at Goldman Sachs are ga ga for the chain. They think it’s the future. BITXF brings it down to us, where WE can play!
Happy, Happy, Happy Trading!
~ Stock Commander
yourstockcommander@gmail.com