Hi there, Yurii Domaranskyi here. Risk vs Reward = 1 to 35.83 ✨ It means if you risk here 100$ you may make 3583$ Not bad, huh?
well, we returned for a touch if we can not break 50% on a weekly we have a big dump coming wise watch the S/R zones and the wedge. Not in a trade for this missed opportunity and I do not chase. The same with BTC, and BITF.
BM Team: nasdaq bitfarms Ltd DV+ on RSI DV+ on MACD support zone ---------------------------------- TP1=4.7-4.8 sl=under 4$
You can buy BITF target 7.12 stop loss 4.24 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
No explanation necessary look at the details on the chart. Use the information at your own discretion. THIS IS NOT FINANCIAL ADVICE.
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to crypto currency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. The company was founded on October 11 2018 and is headquartered in...
Bitfarms is facing strong resistance from the Fibonacci circle and pitchfork. Direction is not obvious but it is definitely following bitcoins lead so we must wait and see what happens with bitcoin.
Bitfarms Ltd. is a canadian bitcoin mining company. Resistance at $6.45, as that is highest close and tested that level twice already. The chart basically follows bitcoin, so I am going to write about bitcoin mined compared to RIOT and MARA. BTC mined for BITF in may 2021 = 262, RIOT = 227, MARA = 227. June 2021 = 265, RIOT = 243, MARA = 266. MC of BITF is 5x...
Hut 8 Mining Corp. is a canadian based digital asset miner. Look for 50% Fib extension as resistance, $6.82. Right now, Bitcoin is pulling back 1%. Options flow: The Aug 20 expiry, put/call ratio = .11 and Sep 17 expiry , put/call ratio = .05. IV is high with earnings Aug 12th. If you own shares, you can sell puts to capture premium. Good Luck!
BITF has gained some ground thanks to the interest and attention on crypto prices this year. After doing a fib retracement using last December's low as an anchor, some interesting areas have been revealed. First, the 50 Fib is a clear area of high traffic. While BITF has managed to trade at these levels, it hasn't had the best time holding above it for extended...
BITF resumes it's rise to greatness with the application for NASDAQ entry approved. New power contracts, cheap repairs on old units, investment in new miners...provided BTC maintains dominance and the crypto surge continues...this could be a multibagger. @100% now on free riders. Gaps are never good though and last time the chart went wonky it traded sideways...
With a new power contract making them incredibly competitive on the NA market, BITF, while sporting a f'd up chart...is ready for more. NASDAQ listing on the way and good things for BTC and the crypto crew around the corner. I'm buying on the flag. I think it's eats the small gap and then it's off to the races. I'm buying more as I can.
Bitfarms has 30% higher hashrate than RIOT does. With an uplisting expecting to a major exchange in coming months, the growth of the stock on fundamentals should put it on a higher valuation than blue chip miners. Long term plans for Bitfarms plan to grow from their current 1.3 EH to 8 EH by the end of 2022. Additional growth in BTC should drive the price even...
Rules are listed and shown on the chart Visit our website for entire "Best Ripple Trading Strategy" Our Website: goo.gl
This trade is from our free pdf "15M/DAY STOCHASTIC STRATEGY" PM me if you have any questions, I will be happy to help.
Advanced pattern setups on Finex. We can see the pattern is forming within what appears to be a rising wedge formation. The rising wedge is a counter intuitive pattern which typically breaks in the opposite direction of the short term channel. The thesis here, is that once/ if we complete our Gartley at 'D' (about $233-4) we would watch for a break of the wedge....