Pupm&Dump trading strategy idea. $BITF is rising too much today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $7,47; stop-loss — $8,20; take-profit — $6,02. Do not view this idea as a recommendation for trading or investing. It is...
Bitfarms Ltd. is a canadian bitcoin mining company. Resistance at $6.45, as that is highest close and tested that level twice already. The chart basically follows bitcoin, so I am going to write about bitcoin mined compared to RIOT and MARA. BTC mined for BITF in may 2021 = 262, RIOT = 227, MARA = 227. June 2021 = 265, RIOT = 243, MARA = 266. MC of BITF is 5x...
BITF has gained some ground thanks to the interest and attention on crypto prices this year. After doing a fib retracement using last December's low as an anchor, some interesting areas have been revealed. First, the 50 Fib is a clear area of high traffic. While BITF has managed to trade at these levels, it hasn't had the best time holding above it for extended...
Bitfarms is up over 1300% for the year and looks like it is starting to run again with Bitcoins recovery. From the company description, 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...
Bit Farms now breaking out of the wick lines created from the previous wick ups. we just broke the 3rd one, finding support here around $5-6 would be huge. Now listed on NASDAQ and eventually will be comparable in price to MARA and RIOT.
$6.11! as you can see in my green projected EW we hit $6.09 and today we wicked out to $6.11, pretty impressed with myself to be honest! more to come. Holding my position to $50+ BFARF BOYS 🤮🤮🤮
Bitfarms is at the top of a run and found resistance from the descending trend line. Friday is normally when profits are taken from bitcoin miners to end the week. Once that triangle is clear, Bitfarms will have room to pump.
Bit Farms has found support at $3 then on 7/26/21 I noted that BITF was at $4 and the next Fib Zone up was $5.15 and it wicked out to $5.47 8/5/21, if we can stay closer to $5 and wick out to nothing lower than $4.80 for a deeper correction then the next impulse wave up is breaking $6. BFARF (BARF) BOYS!!!🤮🤮🤮 lets see how this plays out. still teaching my self...