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 had a clear rejection of the bottom trendline and didn't even respect the 50 MA (which it did the last time it touched it on Jan 27 and 28). Those factors accompanied with a crossing of the 9 and 20 EMA mean I am bearish. It's a shame too because Bitcoin mining should do well as Bitcoin has been on a tear, plus they've applied for an uplist to Nasdaq...
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...
Bitfarms will stumble and recover looks like we are headed for the 7-6 rage - count yourself lucky if you got the $5 deal this morning