Bitfarms Mafiabetter chart the laast one cut off, looking to gain the poc take off to the tested blue blast throuh it test a new local high and hit the yellow vol gap
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About Bitfarms Ltd
Sector
Technology Services
Industry
Data Processing Services
CEO
L. Geoffrey Morphy
Website
bitfarms.com
Headquarters
Toronto
Employees
150
Founded
2017
ISIN
CA09173B1076
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.
Bitfarms 2024Thoughts on how this will probably play out short term, lookingg to get above these higghs and keep pishing for new ones, looking for the blue and above blue to the next blue, if we get rejected its not strong back dogn to .50 but if not should slowly trend up with the market
BITFsmc as well as equilibrium aligns with the volume profile as well. should have little resistance until around $3 realistically a bit more upside. potential longer term is nice
MACD Buy Signal. Break Resistance. Retest Support1. MACD Buy Signal.
2. Break Resistance.
3. Retest Support.
4. TAYOR & Good Luck.
Bitfarms pullback before an attempt to go higher As BTC is pointing toward a pullback to the 21-20k area we can reasonably assume bitcoin mining stocks will also correct. NASDAQ:BITF is looking to go to the $.75-.60 support area before gearing up to go higher to $2, the next area of resistance.
On the fundamental side the company is one of t
BITF IdeaTested the 200 EMA, let's see if we can break above and hold. Have a nice uptrend starting good amount of volume coming in. BITF looking good on the 30 Min chart as well.
$1.47 Hopeful potential target, then drop down to the green box for the golden pocket on fib for an accumulation area.
BTC tes
Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin.
⌛Waiting to see if a bear trap forms in the purple region, or if more declines are to come...
Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin.
I follow the same logic for crypto ETFs, in which I analyzed this link:
The correlation shown here is a little lower compared to ETF's.
🐔I think that the price will make a
BITF breakoutNotice the breakout from the resistance trendline.
The 1DMA 50 & 200 should cross bullish very soon.
Targeting the 1.618 at $2.10
Good Luck.
See all ideas
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