BTL Group Ltd is a great company with a lot of potential. It's a pitty that the share price of many blockchain companies correlate with the bitcoin price. Many companies have a direct link with bitcoin like mining companies. BTL Group Ltd is developing a blockchain based product which provides a more efficient and safer environment for companies with a lot data transfer. I hope, eventually, the share price of BTL Group Ltd and the price of bitcoin will decouple.
On the long term, BTL Group Ltd is bouncing in a channel as you can see in the picture below. The MA 200 is catching up. The RSI (41) isn't quite oversold so there is still some space for the SP to fall. On the other hand, the SP follows the price of bitcoin so you might want to consider to follow some technical analysis on bitcoin before making any investing conclusions on this company.
On the short term, it looks like the chart is forming a falling wedge which is a bullish sign.
I just want to give my humble opinion on some products by doing technical analysis. There may be some minor or major flaws. Nobody is perfect and I'm willing to learn from my mistakes through your opinions.
Image source: https://www.tradingview.com/
Disclaimer: This is not financial advise.
