Hi there, Yurii Domaranskyi here. Risk vs Reward = 1 to 35.83 ✨ It means if you risk here 100$ you may make 3583$ Not bad, huh?
BITF could be retesting the breakout right now and then rally higher. I'm keeping an eye on the orange line and the horizontal support at 3.63 as an ideal safer entry. Some other bullish looks are the curving hourly moving averages. As a trade, I can see a tight stop under 3.63 depending on risk tolerance would make this an appealing trade. Just be careful to...
BITF rejected from extreme resistance for the 4th time, looking for a dip to 3.47-3.14-2.94
BITF has been getting acquired into a variety ETFs. BITF has a price target of $7.94 from various sources. When you look at the MACD there was a recently cross over, the low was around the $3 range. There is upward potential once BITF crosses over the resistance at $4.
Title says it all this name will run with Bitcoin but also has options. Not advice
BM Team: nasdaq bitfarms Ltd DV+ on RSI DV+ on MACD support zone ---------------------------------- TP1=4.7-4.8 sl=under 4$
You can buy BITF target 7.12 stop loss 4.24 Money management your responsibility. I recommend entering a maximum of 10% of the portfolio. Good luck
Nothing other than trendline support, and a confirmed bounce, looking for at least 7.50
Here you can see that only one time in the chart history of Bitfarms has it diverted against the BTC chart. I take this to mean that they are heavily correlated, with BTC being the driving mechanic.
Might retest support again ($6.30-6.50 CAD roughly) before going higher, but MACD, Stoch and RSI all look bullish now too. I see resistance at $8.00 CAD area with the daily Hull and Supertrend coming down on it.
Having BITCOIN over $50K pushes the BITFARM to $7.30. RSI is oversold hourly. Elliot Signals are looking very promising in here.
No explanation necessary look at the details on the chart. Use the information at your own discretion. THIS IS NOT FINANCIAL ADVICE.
Bitfarms Ltd owns and operates blockchain farms that power the global decentralized financial economy. It provides computing power to crypto currency networks such as Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash, earning fees from each network for securing and processing transactions. The company was founded on October 11 2018 and is headquartered in...
BITF formed AB=CD shape and rebounced from target at $4.3 and achieved Target 1 at $5.5. If it breaks target 1 then next target would be $6.3.
BitFarms is a Bitcoin mining company that IPO on the Nasdaq this past year. They have 5 different plants all located in Canada. One thing to note is their use of clean energy, which has been a heavy conversation for quite some time. For comparison RIOT and MARA were around this sub 10$ range about a year ago. Now both trade around 30-40 with highs near the 60s....
The Bitcoin mining business is in a great position as investments have paid off and now that BTC is on the move for the final rush of the 4 year halving cycle the profitability of these mining firms will be solidified. Very few newer faster miners available because of the Chinese crackdown and semiconductor shortages. Very hard to find mining equipment. These...