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...
in bullish uptrend here, watching for continuation above trend resistance/1.80 levels, shorts below 1.52
Expecting at least the 61.8%... Overall market is still correcting as well as Bitcoin. Expecting around 22K on Bitcoin to finish out this correction.
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 $4.30 price. Warning: Head-and-shoulders pattern in RSI along with constant overbought signal in Stochastics could signal bearish sentiment. Lookahead:...
Hi there, Yurii Domaranskyi here. Risk vs Reward = 1 to 35.83 ✨ It means if you risk here 100$ 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.