BITFARM - key momentBitfarm continues to fall in relation to the mined asset, Bitcoin finding itself at a minimum since it began trading.
We must keep an eye on this company in the coming weeks, it is a risky point but a great time to enter!
BITF trade ideas
BITFARM - lowest against HUT+MARA+CLSKBitfarm was unable to maintain its long-standing relationship with its competitors:
HUT 8; MARA; CLSK
This relationship was maintained for a long time but was recently overtaken by the improvement of its rivals while Bitfarm continues to decline, in the background we see that its relationship against Bitcoin is not improving either,
Bitfarm is at a great entry point if there is a change in the price of this stock!
We will have to keep a close eye on it!
BIFTARM LOWEST ALL TIMEBIFTARM VS BITCOIN
itfarm is a cutting-edge company at the forefront of digital innovation, specializing in cryptocurrency mining and blockchain technology. With a focus on sustainability and energy efficiency, Bitfarm leverages advanced hardware and renewable energy sources to maximize productivity while minimizing environmental impact.
The company stands out for its scalable operations, strategic global positioning, and commitment to innovation, making it a key player in the evolving digital economy. As the demand for decentralized technologies grows, Bitfarm is well-positioned to lead the industry, driving progress and delivering value to stakeholders worldwide.
BITF linked with BTC performance and may achieve good targetsBITF linked with BTC performance and may achieve good targets
Incase of the down trendline has broken, we may see new big target achieved as marked in the chart
Bull BITFARMS - BITF $4 targetI am looking for a 4 dollar target on Bitfarms. Currently it is forming a triangle
$BITF - Time to Shine?NASDAQ:BITF
This stock have been relatively unimpressive since its big rally in March 2024.
Bitfarms Ltd. NASDAQ:BITF presents a compelling bullish opportunity for investors as the company positions itself for significant growth. Despite underwhelming performance since its March 2024 rally, recent developments suggest potential for higher prices in the months ahead.
With Bitcoin crossing the $100,000 mark, Bitfarms is well-positioned to capitalize on increased cryptocurrency adoption. Its synthetic HODL strategy, which saw a 286% rise in long-dated Bitcoin call options, reflects confidence in higher Bitcoin prices, further supporting its bullish outlook
In conclusion, Bitfarms’ strategic upgrades, market positioning, and Bitcoin’s bullish environment support a favorable outlook. Investors seeking exposure to the cryptocurrency mining sector may find NASDAQ:BITF an attractive candidate for medium- to long-term growth.
I will post further Exit/ TP objective as we see NASDAQ:BITF move out of its current consolidation.
Bitfarms $BITF swing long term analysis Weekly demand imbalance is playing out as expected on BitFarms stock. A new imbalance is being created again around $2. Clear long term trade opportunity playing out with #bitcoin breaking all-time high.
$BITF Breakout of Bull PennantBITF planned to release earnings on same date as estimated trend reversal to boost SP to the moon, and breaking the bull pennant and sky rocket to previous high...
BITF chart idea (potentially 6 - 8 dollars) NFAHello Tradingview community!
Here is a chart idea on NASDAQ:BITF
Early 2025 (Q1-Q2) my target: 6.5 - 8 dollars
EOY target: 3 - 4 dollars
BEAR target (if Bitcoin dumps hard) 1 - 1.25 dollars
NFA DYOR) I may DCA some soon.
(Sorry for the small detailed description, I don't have time atm to make it longer)
$BITF #BITF #BITFARM showing reversal along other cryto miningCrypto mining stocks showing signs of reversal (or have begun)
One of those being Bitfarm. Upside shows great potential and currently, all indicators show a green light.
Micro = $5
Macro= $15+
Inverse H&SMore or less a picture perfect Inverse Head & Shoulders may be on its merry way to print on the daily chart.
Volume is also fizzeling out on the head and shoulders so not much interest in selling in to it further.
Waiting for confirmation on breakout + retest of the neckline as support.
BITF -Bitcoin Mining Company - Huge Expansion PlansBitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain.
Besides this factor, Bitfarms has undertaken aggressive expansion plans. The Bitcoin miner reported a hash rate capacity of 10.4EH/s in Q1 2024. The company is aiming to boost capacity to 21EH/s by the end of the year and further to 35EH/s by 2025.
Breakout Zone: $3.30
Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend.
Resistance Points:
$3.80
$4.50 (TP1)
$5.00
$5.80 (TP2)
Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains.
Trading Strategy:
Take Profit (TP): Target 4.50 or at 5.80 capitalize on the anticipated price gap closure.
Stop Loss (SL): Set at under $2.30 to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Break of Structure/New Uptrend The stock broke out of the down trend and then retested the level by making a higher low, followed by higher high. Fragmented EMA is now also showing an uptrend. It has made a significant pullback and made expecting it to go to around $3.18, with the stop at $2.13.
BITF 7/21 2.5C/3C - $3.78 TPShort term options trade idea
1. HTF Bullish Chart Structure
- 3D and 1W bullish engulfing bars, 1M bullish reversal bar
- Higher-High, Higher-Low bullish structure from January to March
- Textbook bottoming/reversal pattern during April/May suggesting a
continuation instead of a breakdown of the H/h, H/l trend
- Since the low at $1.53, price action has broke through resistance at $2.11,
confirmed the subsequent R/s flip and started a new H/h ($2.58), H/l ($2.14)
trend
- With price action closing the week at $2.87 (new H/h), a bullish continuation
is warranted
2. Open Price Targets Above
- EBs at $3.08 and $3.38
3. Clear Support/Resistance Levels
- 4H support at $2.33-$2.58, 4H resistance at $3.78-$3.90
BITF 100% gain incomingBITF at the bottom of the channel. Similar
Price action last halving, except this time we saw a lot of BTC growth prehalving, so expecting movement to come soon.
Long term target around $14, expecting to occur sometime around March 2025
BITFARMS MORE PAIN TO COMEHi Folks Bitfarms has been really struggling for the last few months yes it has made some gains here and there but nothing compared to it's competitors such as Cleans park, Riot etc and has been overall bearish. Due to the recent FUD regarding the former CEO suing Bit farms for $28 million dollars the uncertainty is even higher for this miner. From my analysis we can see we are beneath a bullish order block, the stochastic RSI is down and may stay down a long time. The next area of interest is $1.10 or even lower yes I am telling you Bit farms may fall under a dollar which may be a great buying opportunity. Expect more to the downside for this stock before any upside
BITFARMS TO $1.60Hi folks given that Bit farms is under a bearish order block and is below VAH with the stochastic RSI falling I am expecting the price to touch the POC of around $1.60 where buyers should step back in. I believe a shakeout is taking place so the big institutions can buy at better prices probably the POC level before the price turns bullish again which it should given the BTC SPOT ETF approval and incoming funds
BITF - Long / Buy EntryLooking for an entry here on the pullback to get in sync with the bullish narrative of BITSTAMP:BTCUSD .
BITFARMS LTD inverse head and shoulders patternBITFARMS LTD (BITF) has, like the cryptocurrency market in general, experienced a bear market in recent years. However, with the halving approaching, things are looking brighter for Bitfarms.
From May 2022 to December 2023, the stock has formed an inverse head and shoulders pattern, suggesting that buyers have the upper hand while sellers have lost momentum. This is evident in the October 2023 chart, where sellers failed to establish a new bottom. Instead, buyers took control and broke through the resistance (area of value) on December 8, 2023.
After a pullback, a new opportunity has now arisen. I went long yesterday when the stock formed a hammer candlestick in the area of value. The stop-loss is set below the area of value and the trendline at 8.25%, while the price target is set at the resistance of 78.33% . The risk-to-reward ratio is 9.5.
What are your thoughts on the future of BITF?
Monster setup on BITF1. W's all over the place.
2. Huge divergence
3. Near record low NASDAQ:BITF to CRYPTOCAP:BTC ratio...
BITF callBought Jan. 2025 $1 call for $1.55
This one has not moved much compared to other miners.
I expect a very nice move after CRYPTOCAP:BTC halving.
