Hut 8 and Bitfarms weekly chart
- bolliger squeeze
- price above both MAs
- both MAs turning up
I think this is bullish as long price stays above green MA
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
better 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
Thoughts 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
smc 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
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 the stronger miners with one of the highest Bitcoin mined per 1...
Tested 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 testing $30K. Let's see how we do with all the current turmoil...
BitFarms is a nice little company hidden in the space with very few employees. Could make a moonshot once CBDCs are forced unto the world. stayu tunes to find out.
BITF similary to other bitcoin mining stocks has been in a downtrend since 2021.
Bitfarms Ltd., founded in 2017 and is one of the top Bitcoin Mining Companies.
The price is approaching our buy zone. We expect one more drop to retest lows from 2020 and next the accumulation phase before the explosive move up.
RSI on weekly is already pretty oversold but taking...
There a strong probability that the price can break lows $0.28 lows. But buying at these prices unleveraged is still great opportunity.
In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow...
Once a Trend is developed is more likely to continue that change it. "Technical Analysis Using Multiple TimeFrames" Brian Shannon Book.
However we can see the Support Band indicator which is a multiple Moving average, leaving a color trace of the trend. Creates a color Band Red for Downtrend and Green for Uptrend.
8EMA vs 10SMA Band 1
21EMA vs 30SMA Band 2
All MA...
Bitfarms reported really good fundamentals and mining results. Efficient use of energy helps them going into Q3 and especially Q4. If you believe the market will rally into Q4 and Bitcoin will go up then Bitfarms is a long call. Short dated calls for Friday have very high Gamma so if this does retest support here and jump up with SPY in the next three days those...
Earnings watch 5/16/22:
WIX
GTEC
SNDL
BITF
TME
WRBY
SUNW
TSEM
USWS
WEBR
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of...
Price has always fallen after earnings. Estimate for next earnings is lower than past 2 quarters.
Entry target at $4.30 with a confirmation stochastic target of 64, and RSI entry of 53.
Require a breakthrough of $4.30 price.
Warning: Head-and-shoulders pattern in RSI along with constant overbought signal in Stochastics could signal bearish sentiment.
Lookahead:...
