Zak Mir takes a charting look at Bluebird, Coinsilium, Cel AI, Hot Rocks, Pri0r1ty, Smarter Web, Tao Alpha, Tap, Tiger, Vinanz, and Vault.
Understanding the Market Context
Before diving into individual stock performances, it’s important to clarify a common misconception: a rising number of shares increasing in price does not necessarily indicate a bubble. Rather, it signals a healthy bull market. Zak emphasizes that his charting calls have been spot on, with no corrections needed so far, underscoring the reliability of the technical analysis presented.
Key Stocks in the Bitcoin Treasury Strategy
Bluebird
Bluebird’s chart revealed a falling trend channel with an initial target around 0.8p. The setup featured a bear trap island reversal, identified by a gap down one month followed by a gap up the next—one of the strongest bullish signals in technical analysis. The stock has since surpassed the 1.05p resistance line, and a bullish divergence has fueled the rally. Despite the shares being overbought currently, the outlook remains positive with a potential rise to 2.2p by the end of next month.
Coinsilium
Coinsilium has been a standout performer in the Bitcoin treasury strategy sector, hitting multiple targets along its upward trajectory—from initial levels around 3p to a recent close near 30p. The long-term resistance line dating back to 2017 suggests a possible rise toward 80p by the end of next month, provided the stock remains above its recent support level around 36p. Maintaining momentum above Thursday’s peak of 45p would be ideal.
Cel AI
Cel AI is currently exhibiting a V-shaped bull flag pattern. Having already reached the top of its channel from May last year (above 0.61p), the stock is aiming for 0.90p, potentially as soon as the end of next month. This pattern indicates strong bullish sentiment and a likely continuation of the upward trend.
Helium Ventures
Though data is limited, Helium Ventures shows promise, having encountered resistance at a line dating back to 2021. The stock is projected to approach just below 70p (around 68p) by the end of next month, assuming it stays above its support levels near 32p. Friday’s low of 37p could act as a key support point.
Hot Rocks
Hot Rocks has emerged as a new and exciting entrant in the space, gaining attention as a “hot” acquisition target. The stock faces a resistance line dating back to 2010, with a target of 3.12p. Staying above the midpoint of Thursday’s range (1.6–1.8p) is crucial for this bullish outlook, with a potential rise toward 3.5p.
Pri0r1ty
Pri0r1ty has shown a significant turnaround after a sluggish start earlier in the year. The stock broke above its falling trend channel at roughly 7p and is now targeting the 13p resistance line by the end of next month. A sustained position above 7p could signal a major trend change, especially as the shares have not traded above their 200-day moving average since inception.
Smarter Web
Smarter Web is the standout star in this sector, recently closing above the top of its rising trend channel. The company’s market capitalization reportedly surpasses that of well-known chains such as Wetherspoons, a milestone worth celebrating for investors. The stock’s next target is the upper parallel of the trend channel, projected to reach around £7.80 by the end of next month. Maintaining levels above £4.80 is critical, while a fallback to Thursday’s high of £4.42 would be a more conservative retracement.
Tao Alpha
Tao Alpha has been steadily building momentum, recently hitting a November 2024 resistance line near 6.3p. The stock is aiming for 10p by the end of next month, with a firm support base around 4.5p. Staying above this support is key to sustaining the upward movement.
Tap
Tap’s performance has been somewhat disappointing compared to its peers but shows potential for recovery. It currently trades within a rising trend channel, targeting 3.5p by the end of next month. The stock remains above a significant gap from February at 2.22p, and with sharply rising 15- and 200-day moving averages, a summer target of 7.50p seems achievable, especially as Tap prepares to move up to the AIM market.
Tiger Royalties
Tiger Royalties has been a favorite among seasoned investors, having already hit a target of 0.26p. The next level to watch is 0.35p, which would open the door for a fresh leg upward toward 0.50p by the end of July. Maintaining prices above the 0.26p mark is essential for this bullish scenario.
Binance
Binance stock has caught up impressively, hitting targets around 27p and now eyeing 40p by the end of next month. The stock’s upward trend remains valid as long as it stays above the old resistance level of 22.5p from January.
Vault
Vault has finally been rewarding investors after years of underperformance. Previously called above 0.06p with targets of 0.15p, the stock looks capable of exceeding expectations. The price channel’s upper parallel points to 0.19p by the end of July. Additionally, a golden cross between the 50- and 200-day moving averages is imminent, often marking the strongest phase of a bullish cycle. Watch for prices above 0.10p early next week, with 0.06p serving as new support.
Conclusion: Navigating the Bitcoin Treasury Strategy Landscape
Zak Mir’s comprehensive chart analysis offers a clear roadmap for investors navigating the Bitcoin treasury strategy sector. With most stocks either hitting or surpassing their targets, the momentum appears bullish across the board. Key support levels and resistance lines provide critical markers to watch, while technical patterns such as bear trap island reversals, bull flags, and golden crosses highlight potential turning points.
Whether you’re invested in established names like Smarter Web and Coinsilium or exploring newer entrants like Hot Rocks and Tap, understanding these technical signals can help you make informed decisions. As always, staying above identified support levels is crucial for maintaining bullish momentum and capitalizing on the exciting opportunities this sector presents.
Disclaimer & Declaration of Interest:
The information, investment views, and recommendations in this Zaks Traders Cafe interview are provided for general information purposes only. Nothing in this interview should be construed as a promotion or solicitation to buy or sell any financial product relating to any companies under discussion or referred to or to engage in or refrain from doing so or engage in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the commentator but no responsibility is accepted for actions based on such opinions or comments. The commentators may or may not hold investments in the companies under discussion.
