BITF — 📊Technical Update (Daily)As outlined in the prior analysis on $BitfarmsLtd daily chart (posted Oct. 13), Minor Wave 3 completed its extension precisely at the projected Fibonacci target of $6.60.✨
Today, Minor Wave 4 has initiated a pullback as expected — currently reflecting an 18.3% decline, likely unfolding as a zigzag retracement toward key Fibonacci retracement levels (as depicted on the chart).
Once Minor Wave 4 completes, the broader Intermediate Wave (3) advance may resume, with an upside target near $10.00🎯, implying a potential +142%📈 gain likely into mid-December.
🔖 For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.