Monster setup on BITF1. W's all over the place.
2. Huge divergence
3. Near record low NASDAQ:BITF to CRYPTOCAP:BTC ratio...
BITF trade ideas
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.
BITFARM a penny cryptominer LONG CONTINUATIONOn the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard
with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best
options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X.
The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of 14 x4=56
is getting overbought. All depends on BTCUSD ( and ETHUSD) as stablecoin high market caps
over the weekend. My options are open and rolled into the following Friday.
BITFARMS is a Double Digit Bitcoin Miner#BITF
Has a great ticker
Great management
Slick operations and investor communications
I am in
Hope you are in too
Let's Go
Bitfarms BullishBitfarms Bullish
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
Bitfarms BullishBitfarms Bullish
I am not a financial advisor. This is not meant to be and does not constitute financial, investment, trading, or any other types of advice or recommendation.
BITF: Looks Pretty NiceI dont know much about this miner, so I cant quite speak about anything more than what im seeing on the charts.
But from what I see here reminds me of MARA where it is finding some support at the upper value area of the previous range.
You also have the 100 Day moving average right below, as well as the previous range point of control. This range is between $1.20 and $1.50 which shows me some strong confluence.
I wouldn't mind picking up this stock at those levels.
BITF moving on UP breakdown in the chart but looking to continue the breakout to the upside and using FEB/09 calls as my vehicle to achieve my TGT looking for a dollar push before EOM into the 4's
Bitfarms (BITF) Retest of ResistanceBItfarms is another Bitcoin miner that is having huge volume surge and broke through previous resistance.
It tested support yesterday and I would trail my stop just below 2.13.
BItfarms have invested heavily into newer machines to tackle Bitcoin halving and they are expanding into Paraguay. The location is well thought out as Paraguay has better governance when it comes to South America.
Momentum is on the rise, I am bullish on Bitcoin.
This stock does have the potential to do multiples from here. It's relative strength in the sector.
BITFARMS #BITF did you buy?I know I told u to buy #BITCOIN miners
not #BTC
the miners will make u the money in a bull run
still got multiples left in it.
how many multiples left in bitcorn
2.5X? 3X?
Bitfarms Secures C$60 Million in Funding to Bolster OperationsBitfarms secures C$60M investment from U.S. investors, fueling cryptocurrency mining expansion and growth.
Bitfarms, a Canadian Bitcoin mining company, has secured a substantial investment of C$60 million. This influx of capital comes from U.S. institutional investors, marking a significant boost for the company’s operations. The funds are earmarked for strategic enhancements, including acquiring additional cryptocurrency miners, expanding infrastructure, and strengthening the company’s working capital.
In a strategic move, Bitfarms will issue 44,444,446 common shares, each priced at C$1.35. This issuance also includes warrants for purchasing up to 22,222,223 common shares. Investors can exercise these warrants at C$1.61 (US$1.17) per share over the next three years. This decision is a calculated step towards capitalizing on the company’s current market position and is expected to be concluded by this upcoming Tuesday.
Cryptocurrency Resurgence and Bitfarms’ Trajectory
This financial milestone aligns with a notable resurgence in the cryptocurrency space. Recent events, such as the arrest and subsequent guilty verdict of Sam Bankman-Fried, the former head of FTX, for misappropriating billions in customer funds, have significantly impacted the market. Despite some delays, the growing anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of the country’s first spot Bitcoin ETF signals a wave of potentially massive new investments in the sector.
The U.S. government’s US$4 billion settlement with the Binance cryptocurrency exchange has also made headlines in another significant development. The exchange’s founder, Changpeng “CZ” Zhao, stepped down as CEO following his guilty plea to charges of anti-money laundering and sanctions violations. Collectively, these events have contributed to fostering greater trust in the crypto space, propelling significant gains in cryptocurrencies like Bitcoin and Ethereum and attracting a diverse range of investors.
Bitfarms’ Growth and Market Performance
Founded in 2017, Bitfarms has established itself as a global leader in Bitcoin mining. The company prides itself on vertically integrated mining farms and proprietary data analytics systems. With eleven operational farms spread across Canada, the United States, Paraguay, and Argentina, Bitfarms continues expanding its cryptocurrency mining footprint.
Bitfarms’ stock (NDAQ, TSX: BITF) recently traded at C$1.58 per share, reflecting an 83.72 percent year-over-year increase. Though trailing Bitcoin’s 133.28 percent return, this performance significantly outpaces the S&P/TSX Composite Index’s -1.12 percent return over the same period.
BITF Break out to 7+ Details in the Chart s but looking for BTC to press passed 32K and BITF to follow the break of 2.5+ on toward 7+
#BITF looking for a retest of the old neckline... a double#BTC mining stock again
getting boring .... but these look like great setups.
MACD Buy Signal. Break Resistance. Retest Support1. MACD Buy Signal.
2. Break Resistance.
3. Retest Support.
4. TAYOR & Good Luck.
Bitcoin MinersHut 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!
Bitfarms Ascending Triangle on Daily TimeframeThere's a big ascending triangle on the Bitfarms chart which could lead to a massive breakout.
Bitfarms Mafiabetter 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
Bitfarms 2024Thoughts 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
BITFsmc 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
Bitfarms pullback before an attempt to go higher 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 EH/s metric twitter.com . Just as long as there is no addition share dilution I expect Bitfarms (and other miners) to outperform Bitcoin in a bull market on the run ups.
BITF IdeaTested 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 surrounding crypto.
Potential to be another Mara or Riot?
Halving next year, and miners tend to run up during these times.
I hold BITF shares, may dive into some long calls soon. $.50 calls look nice for 2024, and 2025.
These are my personal opinions, and my own thoughts. This is not financial advice, only invest what you're willing to lose. I am by no means a good trader, I wouldn't even consider myself amateur. lol.
BITF breakoutNotice the breakout from the resistance trendline.
The 1DMA 50 & 200 should cross bullish very soon.
Targeting the 1.618 at $2.10
Good Luck.
