Bitcoin and Manchester United (MANU) are going to soar, at least according to what traders have been saying at Tradebird, a social trading app. It’s important to know what real traders think, because it can provide clues about the future direction of currencies, stocks and commodities. Here’s their take on six important investments they say will rally. (For a look at investments that traders say will decline, click here.)
Bitcoin is surging at a 92% bullish sentiment. Australia will auction about A$16 million dollars worth of confiscated bitcoin next month, resulting in the first auction to occur outside the U.S. Many saw the news as confirmation the digital currency is going mainstream.
(The chart above is for the Bitcoin Investment Trust (GBTC) , a trust designed to track the value of the digital currency.)
2. SolarCity (SCTY)
This renewable energy provider launched a Solar Loan Program in 14 states, allowing customers to pay less for power and receive more in tax credits. Investors have received the program with applause, and the stock has 73% bullish sentiment.