Bitcoin or BTC is having a blowout day. No, not to the downside, but to the upside. In fact, today’s move looks like how the crypto-coin looked when it made outrageous gains on its path to 20,000. Now I am in no way advocating buying crypto. It is all risk in the long run, but there still is a lot of interest around BTC. To play the stock side of bitcoin, there are a few names to keep an eye on. RIOT is one name. Heck, they have Blockchain in their company name. Another is MARA. Marathon Patent. The biggest name used to be Overstock.com (Ticker:  OSTK). OSTK used to be an e-Commerce business but now is focused on their crypto exchange. They can also move higher in sympathy. GTBC is a fund that tracks BTC. Kind of how an ETF will track certain sectors or markets. Last but not least is Square INC (Ticker: SQ). You can actually buy BTC through the CASH App. SQ has been deep in BTC and they can also benefit from a nice extended gain in BTC.

 

I just wanted to give a few names to watch if BTC does explode. It is a huge risk to play in these names and products outside of SQ. Keep these names on your radar in the near term.

Follow me on Twitter: @DiscipleOfTrend

 

about the author:

Charles Moon

Charles Moon is a technical "whiz kid" whose experience lies in scalp/swing trading. A patient educator, Charles excels at coaching/mentoring and can make complex concepts simple. Prior to joining the ranks of Prosper Trading Academy, Charles was a proprietary equities trader with Great Point Capital LLC. Coming from a retail trading background, his experience can help those with no experience trading to seasoned veterans.

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