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BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily) As depicted on the chart, the price sits just below the apex of the resistance equivalence lines, marking a near-term zone of pressure and potential reaction. Support is expected to emerge around the 0.236 Fibonacci retracement level over the next few sessions. Intermediate Wave (3) may have re-extended through Minor Wave 5, with a target near $8.55🎯, representing a potential +131%📈 advance projected into late November. 🔖 It’s worth noting that the equivalence lines form a core component of my personal framework, which I apply through my Quantum Models methodology. 📑For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30. #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #StocksToWatch #QuantumModels #EquivalenceLines #Targeting #FibLevels #FinTwit #Investing #BITF #BitfarmsLtd #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD #TradingView
NASDAQ:BITFLong
by ElliottChart
BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily) The near-term bullish outlook remains intact, with Intermediate Wave (3) anticipated to re-extend through Minor Wave 5, targeting near the $8.55🎯 — representing a potential +111%📈 upside from current levels. Recent price action continues to support the development of Minor Wave 5, confirming overall the ongoing bullish structure. Within this wave, the Minute degree 1st wave is done, 2nd wave may have completed — support has coherently emerged along the extension of the divergent equivalence lines, suggesting the market is positioning for an impulsive 3rd Wave to unfold next — typically the most dynamic phase of the advance. 🔖 This projection aligns with the Weekly Bullish Alternate Scenario published on September 30, and the near-term advance is projected to develop into late November as momentum builds within the impulsive wave sequence. #QuantumModels #EquivalenceLines #Targeting #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #StocksToWatch #FibLevels #FinTwit #Investing #BITF #BitfarmsLtd #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD #TradingView
NASDAQ:BITFLong
by ElliottChart
BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily) As outlined in the previous update, support has coherently emerged along the extension of the divergent equivalence lines, surrounding the 0.236 Fibonacci retracement level. This zone marks the second wave of the projected advance in Minor Wave 5 within Int. Wave (3). Intermediate Wave (3) is expected to re-extend through Minor Wave 5, with a target near $8.55🎯, representing a potential +131%📈 advance, projected into late November. 🔖 It’s worth noting that the equivalence lines form a core component of my personal framework, which I apply through my Quantum Models methodology. For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30. #QuantumModels #EquivalenceLines #Targeting #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #StocksToWatch #FibLevels #FinTwit #Investing #BITF #BitfarmsLtd #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD #TradingView
NASDAQ:BITFLong
by ElliottChart
BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily) As outlined in the prior update, support has emerged around the 0.236 Fib-retracement level, aligning with the extension of the divergent equivalence lines. This area marks the second wave of the projected advance of Minor Wave 5 within Int. Wave (3). Intermediate Wave (3) is expected to re-extend through Minor Wave 5, with a target near $8.55🎯, representing a potential +131%📈 advance, projected into late November. 🔖 It’s worth noting that the equivalence lines form a core component of my personal framework, which I apply through my Quantum Models methodology. For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30. #QuantumModels #EquivalenceLines #Targeting #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #StocksToWatch #FibLevels #FinTwit #Investing #BITF #BitfarmsLtd #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD #TradingView
NASDAQ:BITFLong
by ElliottChart
(TSX: BITF — Bitfarms Ltd.) — Swing Trade Breakdown💰 BITF — Swing Trade Breakdown (TSX: BITF — Bitfarms Ltd.) 🏢 Company Snapshot Bitfarms is a Bitcoin mining and blockchain infrastructure company operating across Canada, the U.S., and South America. It’s gaining attention as crypto momentum returns and management pivots toward high-performance computing (HPC) and AI data-center infrastructure — a speculative but potentially high-growth move. 📊 Fundamentals BITF remains a speculative play. The company is still unprofitable, so no meaningful P/E ratio applies. Debt-to-equity sits around 7.8×, which is high leverage for a volatile industry. Free cash flow remains negative due to heavy capex in new facilities. Cash reserves provide short-term flexibility, but profitability is not yet visible. There’s no dividend, and ROE remains negative. Summary: Fundamentally weak but improving — leveraged growth bet on the crypto/HPC narrative rather than a value play. 📈 Trends & Catalysts Revenue grew roughly +31% YoY in 2024, while EPS losses narrowed (still negative but improving). Cash flow pressure remains, though the company continues to scale operations. Catalysts: • Bitcoin’s recovery and rising hash prices • Expansion into AI and HPC data infrastructure • Upcoming Q4 results and potential production update • Sector-wide sentiment shift toward digital assets Risks: • High leverage and dilution risk • Crypto price volatility directly impacting profitability • Rising network difficulty squeezing margins • Regulatory and energy cost exposure 🪙 Industry Overview Crypto miners have rallied strongly in recent weeks. The sector is showing renewed bullish sentiment alongside BTC’s strength. Weekly: up roughly +20%+ — short-term momentum breakout Monthly: up ~60% — rotation into miners and AI-exposed names 12-Month: volatile, but sentiment improving as risk assets recover Overall mood: Cautiously bullish, with traders chasing speculative beta plays like BITF. 📐 Technicals BITF is trading around $6.46, sitting above both its 50-SMA (~$6.43) and 200-SMA (~$5.33) — confirming a shift back into a short-term uptrend. RSI(14) sits near 57, indicating neutral momentum (room to extend). Structure: Breakout and consolidation phase after a sharp run-up. Support lies around $5.70–$5.80, with major resistance at $8.00–$9.00 (52-week high near $9.27). Volume has been well above average, confirming accumulation and institutional participation on the breakout. 🎯 Trade Plan Entry Zone: $5.80 – $6.20 (retest of support or clean breakout continuation) Stop Loss: $5.30 (below prior support) Target: $8.00 – $9.00 (previous range top and measured move) Risk/Reward: ~2:1 — acceptable for a momentum swing setup Alternate Setup: Wait for a pullback to mid-$5s if BTC retraces before next leg. 🧠 My Take BITF fits the bill for a momentum-based swing — speculative but technically strong. The stock broke out above its long-term trend, riding both crypto and AI hype cycles. If the 50-SMA holds, this could push toward the $8–$9 zone before facing real resistance. That said, fundamentals don’t justify a long-term hold — this is a pure swing or momentum play, not an investment. Keep position size small and risk defined.
TSX:BITFLong
by SwingTraderKev
BITF / DailyNASDAQ:BITF — 📊Technical Update (Daily) As anticipated, Minor Wave 4 found support precisely at the apex of the equivalence lines✨, followed by Minor Wave 5, which has continued to surge — reflecting a 28.88%📈 total advance over two consecutive days, fully aligning with prior expectations!! The Extension of Intermediate Wave (3) has resumed through Minor Wave 5, with an adjusted target now set at $8.55🎯 — implying a potential +131%📈 gain, likely into late November. 🔖 The equivalence lines are part of my personal framework, applied within my Quantum Models. 📑 For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30. #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #StocksToWatch #QuantumModels #EquivalenceLines #Targeting #TradingView #FibLevels #FinTwit #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC NYSE:AI BITSTAMP:BTCUSD
NASDAQ:BITFLong
by ElliottChart
BITF / DailyNASDAQ:BITF — 📊 Technical Update (Daily) As anticipated, Minor Wave 4 unfolded a sharp zigzag retracement, reflecting a 44% total decline, fully aligning with prior expectations — finding support precisely at the apex of the equivalence lines. From here, the broader Intermediate Wave (3) advance is expected to resume through Minor Wave 5, with an adjusted target near $8.88🎯 — implying a potential +140% 📈 gain, likely into early December. 🔖 For context, refer to the Weekly Bullish Alt. Scenario published on Sep. 30. #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #QuantumModels #Targeting #equivalenceLines #AtApex #StocksToWatch #FinTwit #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF
NASDAQ:BITFLong
by ElliottChart
BITF — Swing Trade Breakdown (TSX: BITF)🏢 Company Snapshot Bitfarms Ltd. (TSX: BITF) is a Canada-based bitcoin mining and compute-infrastructure operator with facilities across Canada, the U.S., Paraguay, and Argentina. The stock has gained attention recently due to surging crypto-mining sentiment and a sharp technical breakout. 📊 Fundamentals BITF remains loss-making, making traditional valuation metrics less reliable. P/E: Negative (no profits yet). P/B: Around 4.2× — elevated for a miner still unprofitable. Cash Flow: Negative; capex-heavy operations keep pressure on liquidity. Balance Sheet: Recently announced large convertible notes (~US$300–500M), which could add dilution and leverage risk. Dividend: None — this is a pure speculative growth play. 💡 Summary: High-risk, high-reward exposure to bitcoin and compute infrastructure. Valuation remains stretched given negative earnings, but sentiment and momentum could override fundamentals in the short term. 📈 Trends & Catalysts Revenue Growth: +31.8% YoY (FY2024: US$192.9M vs US$146.4M). EPS: Still negative but improving (-US$54.06M vs prior year). Cash Flow: Under pressure — analysts expect negative FCF ahead. Balance Sheet: Leverage risk rising; capital raise adds short-term liquidity but long-term dilution concerns. Catalysts: Rebound in bitcoin prices and hash-rate efficiency. Progress on compute/co-location diversification. Technical breakout momentum and broader rotation into crypto-mining stocks. Risks: Bitcoin downturns or energy cost spikes can crush margins. Regulatory tightening or dilution from new financing rounds. Execution risk in scaling data/compute infrastructure. 🪙 Industry Overview Crypto-mining equities have been volatile, tracking bitcoin sentiment closely. Weekly: -20% (short-term pullback). Monthly: +60%+ rebound for BITF amid rotation into miners. 12-Month: Volatile, underperformed broader markets. Overall: Sentiment improving, but macro risk remains high. 📐 Technicals Price: ~CAD $5.52 50 SMA: ~CAD $3.63 200 SMA: ~CAD $2.09 RSI(2): 5.22 → deeply oversold, potential bounce setup Pattern: Breakout toward ~$9.30 (52-week high) followed by pullback — potential bull flag or retest formation. Support: ~$4.00 Resistance: ~$9.00 Volume: Strong recent uptick confirming trend continuation potential. 🎯 Trade Plan Entry Zone: ~CAD $5.00 Stop Loss: ~CAD $3.85 Target Range: CAD $9.00 – $10.00 🧠 My Take BITF offers a speculative swing setup fueled by crypto momentum and a bullish technical structure. It’s above key moving averages with strong volume confirmation, but fundamentals remain weak — this is not an investment, it’s a trade. Use strict risk management, manage position size, and stay aware of bitcoin’s short-term price direction — it’s the main driver. ⚠️ Disclaimer: This analysis is for educational purposes only and not financial advice. BITF is a high-volatility stock tied to crypto sentiment — trade at your own risk.
TSX:BITFLong
by SwingTraderKev
BITF / DailyNASDAQ:BITF — 📊 Technical Update (Daily) As outlined in prior analyses of $BitfarmsLtd., this week Minor Wave 3 completed its extension precisely at the projected Fibonacci target of $6.60.✨ As anticipated, Minor Wave 4 has begun its corrective pullback — currently reflecting a 30% decline, and likely unfolding as a zigzag📉 retracement toward key Fibonacci retracement levels (as illustrated on the chart). 📑Notably, today’s candle opened and closed below the green trendline, adding further confirmation to the ongoing corrective phase — patience is key! Once Minor Wave 4 completes, the broader Intermediate Wave (3) advance will resume through Minor Wave 5, 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. @tradingview 🌷 #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #StocksToWatch #FinTwit #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD
NASDAQ:BITF
by ElliottChart
2
BITF / DailyNASDAQ: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. #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD
NASDAQ:BITF
by ElliottChart
BITF / DailyNASDAQ:BITF — 📊 Technical Update (Daily) Bitfarms Ltd. surged +28.33% — Rally of the day📈 — extending Minor Wave 3 into its 5th subwave, as anticipated. The extension of the Minute Wave ⓥ of Minor 3 remains in progress, with a Fibonacci target at $6.60 🎯. Upon completion of Minor Wave 3, a Minor Wave 4 pullback is expected — likely unfolding as a zigzag retracement📉. The advance of Intermediate Wave (3) may then resume, with a projected target near $10.00 🎯, implying a potential +137% upside📈 into mid-November. 🔖>> Weekly Bullish Alternative Scenario is pinned to my profile on X for reference. #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD BITSTAMP:BTCUSD
NASDAQ:BITFLong
by ElliottChart
Weekly Chart Review | Oct 6-10, 2025I wasn’t able to post my analysis on TradingView last week, so here’s a structured summary of my ticker reviews from Oct 6–10, segmented by sector with brief commentary. Each includes an update on trend structure and a link to both the original chart and the latest revision as of Friday’s close. Technology NASDAQ:AMD – Clean follow-through off mid-term support into the upper band of resistance. Strong rejection increases the odds that a mid-term top for the uptrend since April is being formed. Any lower-high formation next week should be approached with caution. Chart: Previously: • Upside potential to resistance (Oct 7): • Downside potential: • On resistance & bounce potential (Aug 6): • On macro resistance (Jul 29): • On macro bottoming potential (Apr): NASDAQ:NVTS – Followed the Aug–Sep setup and delivered a strong breakout Friday, but late-day reversal increases the odds of a longer consolidation into 7.80–6.80 support. Chart: Previously: • Breakout and local support (Oct 10): • Consolidation and upside potential (Sep 30): • Higher-low potential (Sep 26): • Mid-term support (Aug 25): www.tradingview.com NASDAQ:MRVL – Reached the key mid-term resistance zone outlined earlier. Friday’s rejection increases odds of a pullback into 80–72 support over the coming weeks. Chart: Previously: • On mid-term top (Oct 10): • On resistance zone (Oct 2): www.tradingview.com NASDAQ:WDC – Orderly follow-through to the downside into the 21 EMA. Chart: Previously: downside potential to 21 EMA – NYSE:RBLX – Rejected at local resistance, aligning with the downside structure. Chart: Previously: downside potential (Oct 8): NASDAQ:REKR – Shows strong relative strength with steady consolidation at support; constructive base-building continues. Chart: Previously: follow-through and support (Oct 7): NYSE:AI – Friday breakout attempt faded back into support, increasing odds of prolonged base-building and a potential deeper pullback to 17–16. Chart: Previously: On continuation potential (Oct 8): NYSE:BB – Failed on immediate continuation and returned to support. Chart: Previously: On continuation potential (Oct 8): NASDAQ:OPEN – Constructive consolidation stalled as failed breakouts shifted odds toward a deeper pullback into mid-term support. Chart: ⸻ Blockchain NASDAQ:BITF – Tagged the ideal macro resistance zone; odds rise for at least a mid-term top/base formation here. Chart: Previously: On upside continuation (Oct 7): NASDAQ:HIVE – Rejection at the top of mid-term resistance; probabilities favor the start of a reversal phase. Chart: Previously: On macro resistance (Oct 6): On more immediate upside potential (Sep 24): www.tradingview.com •On bullish potential (Sep 10): www.tradingview.com • On bullish trend structure (Jul 21): www.tradingview.com NYSE:BKKT – No follow-through on continuation setup, but key local support still holds; structure remains intact while above it. Chart: Previously: On continuation (Oct 9): NASDAQ:BULL – Rotating back toward macro support near 11; monitoring for higher-low formation and reversal trigger. Chart: Previously: On reversal and macro support (Oct 8): On immediate bullish potential (Sep 26): www.tradingview.com • On macro support (Sep 19): www.tradingview.com • On macro support (Sep 4): www.tradingview.com • On mid-term resistance (Aug 6): www.tradingview.com • On support and bounce potential (Jul 30): www.tradingview.com NASDAQ:BTM – Bullish setup invalidated by breakdown into mid-term support. Chart: Previously: On bullish follow-through if LOD holds (Oct 6): ⸻ Biotechnology / Healthcare NASDAQ:VKTX – Strong follow-through from September update; watching for consolidation back into key EMAs to reset momentum. Chart: Previously: On follow-through (Oct 6): • On break-out potential (Sep 30): www.tradingview.com • On resistance zone (Aug 11): www.tradingview.com • On upside momentum continuation (Jul 18): www.tradingview.com • Original setup (Jun 30): www.tradingview.com • Follow-up (Jul 8): www.tradingview.com NASDAQ:NTLA – Clean follow-through into mid-term resistance; rising odds for a topping/base formation. Chart: Previously: On break-out to resistance zone (Oct 8): On support and bullish trend-structure (Sep 26): www.tradingview.com NASDAQ:PGEN – Couldn’t stage a recovery yet but remains within mid-term support; stabilization needed for a constructive setup. Chart: Previously: On potential reversal (Oct 8): On mid-term support (Sep 15): www.tradingview.com NASDAQ:ABCL – Momentum attempt resumed but failed to follow-through; still constructive above 21 EMA. Chart: Previously: On local support and continuation potential (Oct 8): On support and bullish trend-structure (Oct 7): ⸻ Energy AMEX:GTE – Impulsive advance at risk of morphing into a diagonal correction; elevated probability of retesting September higher lows. Chart: Previously: On constructive looking consolidation (Oct 6): ⸻ Miscellaneous / Other NASDAQ:SLDP – Rising risk of a local top after Friday’s distribution; while above 21 EMA, a final push into resistance remains possible. Chart: Previously: On follow-through and resistance zone (Oct 6): On mid-term support and bullish potential (Sep 19): www.tradingview.com NASDAQ:DPRO – Solid 2.5-day follow-through from the Oct update; Friday’s action suggests increased consolidation or reversal risk. Chart: Previously: On local support and continuation (Oct 7): NASDAQ:DLO – Disappointing fade after a promising start; must hold above 50-DMA to reassert upside momentum. Chart: Previously: On break-out potential (Oct 8): On pullback potential (Sep 22): www.tradingview.com • On downside potential and support (Sep 3): www.tradingview.com Thank you for your attention and have a great start of the week!
NASDAQ:BITF
by artemfedorov
BITF / DailyNASDAQ:BITF — 📊 Technical Update (Daily) As shown on the daily chart, Minor Wave 3 may extend further, followed by a pullback likely in Minor Wave 4 — potentially unfolding as a Zigzag retracement 📉. Once the corrective phase in Minor Wave 4 completes, the advance in Intermediate Wave (3) is expected to resume, with a projected target near $5.45🎯 . This implies a potential +93% upside📈 over the next month. >>📌 Weekly Bullish Alternative Scenario is pinned to my profile on X for easy reference. #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC IG:BITCOIN
NASDAQ:BITFLong
by ElliottChart
1
BITF / DailyNASDAQ:BITF / Daily Chart — 📊Technical Update Since mid-September, the stock has been consolidating within what appears to be a Zigzag retracement, likely unfolding as Minor Wave 4. This corrective phase is part of the broader Intermediate Wave (3) advance. Once Minor Wave 4 completes, the uptrend is expected to resume with strength, marking the last leg 📈( Minor Wave 5) of Intermediate Wave (3). Based on the current structure, a potential 93% gain could unfold within the coming month , contingent on confirmation of the wave breakout. #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC BITSTAMP:BTCUSD IG:BITCOIN
NASDAQ:BITF
by ElliottChart
BITF / WeeklyNASDAQ:BITF Wave Analysis — Bullish Alternative Scenario📈 The formation of an Expanding Leading Diagonal in Primary Wave ⓵ hints at a transitional phase from prior bearish exhaustion into a bullish accumulation. This early-stage motive structure often precedes strong impulsive advances and supports the broader case for Cycle Wave III (not shown in this frame) potentially is underway. Following this, Primary Wave ⓶ completed a deep corrective retracement, terminating near the 78.6% Fibonacci level of Wave ⓵ — a commonly observed retracement depth for second waves following diagonals in the wave one position. This deep correction likely served to neutralize remaining bearish sentiment, clearing the path for the initiation of Primary Wave ⓷. Technical Commentary (Within Primary Impulsive📈 Wave ⓷) Currently within Primary Wave ⓷, the ongoing impulse of Intermediate Wave (3) has paused near the apex of the equivalence lines drawn from the Expanding Leading Diagonal in Wave ⓵ — a key confluence zone in my personal technical framework. This area represents a notable technical inflection point, where price is interacting with structural geometry from the base of the trend — potentially a reactive zone before further continuation. Using Fibonacci extension measurements, the projected target for the completion of Primary Wave ⓷ lies near $30🎯, which would represent a 967% gain from current levels. #StocksToWatch #MarketAnalysis #TechnicalAnalysis #ElliottWave #WaveAnalysis #TrendAnalysis #FibLevels #FinTwit #TradingView #Investing #BITF #BitfarmsLtd #Canada #DataCenters #BitcoinMining #CryptoMining #AIStocks #HPC #AI #BTC #Bitcoin #BTCUSD NASDAQ:BITF CRYPTOCAP:BTC NYSE:AI BITSTAMP:BTCUSD IG:BITCOIN
NASDAQ:BITFLong
by ElliottChart
BIT Farm - potential weekly breakout Triangle Measurements: Triangle starts: $0.37 Triangle top: $5.83 (not $6.00 as I initially thought) Triangle height: $5.83 - $0.37 = $5.46 Current breakout level: ~$1.75 🎯 Technical Setup: 2+ year descending triangle at APEX Strong $1.00-1.20 support tested multiple times Volume drying up = coiling for EXPLOSIVE breakout Target: $3.50-4.00+ (100-150% gain minimum) 🚀 Fundamental GOLDMINE: AI Infrastructure Pivot: Transforming from Bitcoin mining to AI data centers Microsoft Catalyst: $17.4B AI deal just boosted ALL mining stocks 22%+ Location Advantage: Panther Creek campus NEXT TO CoreWeave sites! Massive Pipeline: 1.3 GW capacity with 80% in US 💰 The Arbitrage Opportunity: Currently valued like struggling Bitcoin miner (6-12x EV/EBITDA) Should be valued like AI infrastructure company (20-25x EV/EBITDA) Potential revaluation: 200-400%! 🎪 Why This Could Be HUGE: Industry Trend: 20% of Bitcoin miners pivoting to AI by 2027 Power Shortage: AI needs 40GW+ of power - miners have it! First-Mover: Bitfarms among first to execute this pivot Proven Model: CoreWeave's success validates the opportunity My Targets: Phase 1: $7.21 (technical measured move) ✅ Phase 2: $12-15 (AI revaluation begins) Phase 3: $20+ (full transformation recognized)
CAPITALCOM:BITFLong
by TheRealHawk
Bitfarms (BITF) – Double Bottom Playing Out, Eyes on the Fib LevChart’s been building for a while and finally gave a clean W structure. Double bottom’s in motion and volume confirmed the move — not a guess, not a gamble. Just following the price. 🧠 What I’m Seeing: • W reversal is clear — structure’s been respected all the way through. • Massive buy volume on the second leg tells me there’s real interest, not just noise. • Watching the Fair Value Gap (FVG) between ~$1.85–$2.00 — likely where this current leg cools off. • Above that, Fib targets at: • 0.618 = $1.96 • 0.706 = $2.15 • 0.79 = $2.32 That $2.00–$2.32 zone is where I expect things to get interesting. Could stall. Could break. I’ll wait for the chart to show it.
NASDAQ:BITFLong
by mrbrights1de