BITF | DailyNASDAQ:BITF — Quantum Model Projection
Technical Update — Daily
As illustrated on the chart, NASDAQ:BITF is set to resume the Minor Wave 5 extension through its impulsive 3rd wave, with the Q-Target ➤ $8.33 by late December remaining consistent with the revised structural model.
🔖 This outl
Bitfarms Ltd Shs Cert Deposito Arg Repr 5 Sh
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Key facts today
Bitfarms (BITF) closed at $3.48, reflecting a decline of $0.33 or 8.55%, with a trading volume of 3,163,945 shares.
−1.05 USD
−48.02 M USD
171.32 M USD
About Bitfarms Ltd.
Sector
Industry
CEO
Benjamin Gagnon
Website
Headquarters
Toronto
Founded
2017
ISIN
ARCAVA4601G7
Bitfarms Ltd. (Canada) engages in the business of mining cryptocurrency. The firm is also involved in the ownership and operation of server farms comprised of computers designed for the purpose of validating transactions on the Bitcoin blockchain. The company was founded by Emiliano Joel Grodzki and Nicolas Bonta in 2017 and is headquartered in Toronto, Canada.
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BITF | DailyNASDAQ:BITF — Technical Update
As noted earlier, Bitfarms completed a 50% retracement of Minute Wave ⓘ through a clean Zigzag correction within the anticipated Minor Wave 5 progression.
Price may now be initiating its impulsive leg toward the 1.618 Fibonacci extension, projecting a target near $5
BITF | DailyNASDAQ:BITF — Technical Update
Bitfarms appears to have completed the expected pullback in the Minute degree 2nd wave, forming a zigzag close to the 0.5 Fib retracement level shown on the chart. With this correction likely finished, the advance of Minor Wave 5 may resume through its Minute degree
BITF | DailyNASDAQ:BITF — Intraday Technical Update
Bitfarms has dropped roughly 6% amid a broader pullback across crypto-related equities, emerging as a Minute-degree retracement within the projected Minor Wave 5 advance.
This pullback remains consistent with a normal corrective structure, suggesting that—p
BITFARMS can trade back under a dollar!Head and shoulders top!
#BITF is violently levered to Bitcoins price action.
Halving economics!
Dilution Risks!
The market is voting that the current hash price and capex profile do not justify the prior spike.
Miners with weaker balance sheets or higher energy costs always get punished the h
BITF | WeeklyNASDAQ:BITF — Quantum Model Projection
As outlined in prior analyses, NASDAQ:BITF surged 35.7% directly from the apex of the convergent support-equivalence lines✨ — the standout rally of the week, that aligns perfectly with the upside momentum highlighted by the Q-model.
Wave | Trend Analysis
BITF | DailyNASDAQ:BITF — Quantum Model Projection
Technical Update (Daily)
$Bitfarms has surged 35.5%, marking one of the strongest rallies of the week — launching directly🚀 from the apex of the convergent support equivalence lines.
The trend of Intermediate Wave (3) has resumed, progressing through the p
Is it time to reload $BITF? We caught the breakout in NASDAQ:BITF when it was below 3 earlier this year. It ripped all the way to $6+. Since then, the stock imploded back to the original crime scene amidst the AI overvaluation selloff. The $2.30 area provides good support and the stock has reacted off that level. If Bitfarms
BITF / DailyNASDAQ:BITF — Quantum Model Projection
Technical Update (Daily)
$Bitfarms rallied 14.8% today, reflecting the broader strength seen across the mining sector.
Minor Wave 4, which unfolded as a Double Zigzag, now appears complete.
Although the 0.618 deep retracement is atypical for a fourth wave, t
BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily)
As noted earlier, the final decline of the Minor Wave 4 correction unfolded today, with price finding support near the apex of the equivalence lines, along the boundary of the Ending Diagonal in Wave (c).
Wave (c) within Minute Wave ⓨ may have taken the for
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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