Top Crypto Penny Stocks to Watch: Key Takeaways
- A penny stock company just opened a cryptocurrency hedge fund that’s not for small accounts (see stock #1 below).
- If you like trading breakouts, check out my trade plans for stocks #2, #4, and #5…
- PBTS just agreed to buy 5,600 mining machines — see what it means for the stock price below…
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A bitcoin (BTC) breakout over $50,500 could mean big moves for crypto penny stocks. That’s why I’m watching three for potential breakouts. But I always line up multiple indicators before I take a trade. Read on to learn my trading plans and the indicators I’m watching for…
- DigiMax Global Inc. (OTCPK: DBKSF … read our analysis here)
- Argo Blockchain plc (OTCQX: ARBKF … read our analysis here)
- Britannia Mining Inc. (OTCPK: BMIN …. read our analysis here)
- Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS … read our analysis here)
- BlockQuarry Corp. (OTCPK: ISWH … read our analysis here)
Top Crypto Penny Stocks to Watch
Keep in mind that some crypto penny stocks only run when big tokens like BTC make new highs or recover from a big price dip.
Note that this list is only a watchlist. These are in no way a recommendation to buy or trade. Always do your own research. And only trade a stock if you have a plan and it fits your setup.
Crypto Penny Stock #1: DigiMax Global Inc. (OTCPK: DBKSF)
DigiMax is a Canadian tech company that provides financial and cryptocurrency solutions. It also offers CryptoHawk AI, a crypto price prediction indicator.
On August 30 the company announced it signed a collaboration agreement with Singapore-based exchange, Bitget.
“The Collaboration Agreement will provide DigiMax and Bitget opportunities to collaborate on mutually beneficial business arrangements, including without limitation allowing Bitget users to first learn about CryptoHawk, and ultimately directly access CryptoHawk information inside the Bitget system.”
Read the full press release here.
Then on August 31, the company announced its cryptocurrency hedge fund is now open to subscribers.
“With this Fund, DigiMax aims to offer alternative investments to high net-worth individuals, institutions, and family offices in a bid to allow such investors to protect their investment portfolios from market volatility, while generating positive returns regardless of market sentiments and direction.”
The fund isn’t for everyone. It’s not marketed in the U.S. and it has a minimum deposit requirement of $100,000.
Despite the recent news, the stock hasn’t moved much. I’ll watch it for more volume and a catalyst before planning a trade.
Crypto Penny Stock #2: Argo Blockchain plc (OTCQX: ARBKF)
ARBKF’s a crypto mining company.
It was on my watchlist last week for a breakout over $2. The stock’s still hovering below that level. And with bitcoin close to a breakout level, this one could follow it to the upside.
But it’s not a very volatile stock, so swing for singles if you trade this one. I’ll continue to watch it for the potential breakout. Ideally with a catalyst and high volume.
Crypto Penny Stock #3: Britannia Mining Inc. (OTCPK: BMIN)
BMIN’s a mining company that entered the crypto space when it merged with Bullet Blockchain, Ltd. to pivot from mining operations to bitcoin mining.
It’s another stock returning to the watchlist from last week. I was watching for a panic dip buy but instead, the stock held up. It trades low volume, has no recent news, and it’s consolidating between 5–6 cents.
I’ll keep watching it for a morning panic dip buy.
Crypto Penny Stock #4: Powerbridge Technologies Co., Ltd. (NASDAQ: PBTS)
PBTS is a tech company that provides blockchain services.
The company announced it signed a purchase agreement for 5,600 bitcoin and ethereum mining machines on August 25.
And on September 1 it announced “the availability of FXOS, a proprietary AI integrated operating system designed for the mining of Ethereum (ETH) and other GPU based cryptocurrencies. FXOS is an automated and intelligent OS that can increase Ethereum mining efficiency by an estimated 15%.”
The company president said, “I am pleased that FXOS is available. As we are deploying our crypto mining machines, having our own mining OS is equally important in our efforts to develop a network of mining operations with higher-than-market ETH mining efficiency.”
The stock had a green day on August 31 and gapped up the next day. Now it’s consolidating around $1.50. I’ll watch it for a potential multi-day breakout over $1.65. The stock has volatile moves with high volume so I’ll also watch for that.
Crypto Penny Stock #5: BlockQuarry Corp. (OTCPK: ISWH)
ISWH provides mining and hosting services in the crypto sector.
The company provided an update on its name and ticker change, mining gains, and debt on September 2.
It was on my watchlist last week for a breakout over 89 cents. If bitcoin continues to climb, ISWH could follow suit and break out. It tends to follow bitcoin closely. I’ll watch for the breakout and ideally more continuation through $1.
See the Stocks I’m Watching
I want to help you as much as possible, which is why I offer a NO-COST watchlist.
Will you find crypto penny stocks on my list? That depends. I go where the hottest market action is.
Subscribe to my weekly watchlist to see what makes the cut. I round up my top watches every week and send them to you. Use these stocks to study the trading patterns, catalysts, and price action. Then build a trading plan of your own.
Know that I’m not recommending you to trade the stocks on my watchlist. There’s no guarantee I’ll trade any of these stocks. I’m simply WATCHING them for potential future setups.
Never blindly follow alerts or hot picks. Ever. Do your own research. Your goal is to eventually become confident in your own trading plan.
Conclusion
When you’re looking for hot crypto penny stocks, keep in mind…
These stocks tend to move together on sector momentum. Don’t jump into these stocks before the markets give you a reason.
And keep your goals reasonable. Don’t go swinging for the fences. Aim for singles.
Watch for major news in the cryptocurrency industry. These stocks probably won’t run without a catalyst.
Learn to be patient and wait for your best setups to come to you. That’s what I teach in my Trading Challenge. If you want to become a self-sufficient trader, apply today.
What’s your take on crypto penny stocks? I’d love to read about it in the comments!
Disclaimers
*Please note that reported trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade. Individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.
**Tim Sykes has a minority ownership stake in StockstoTrade.com.
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