Smartmoney
$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.
EURCAD: Trading Signal From Our Team
EURCAD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURCAD
Entry Point - 1.4907
Stop Loss - 1.4868
Take Profit - 1.4977
Our Risk - 1%
Start protection of your profits from lower levels
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GOLD: Expecting Bullish Movement! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GOLD pair price action which suggests a high likelihood of a coming move up.
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GBP_CHF LOCAL LONG|
✅GBP_CHF is approaching a demand level of 1.1260
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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USD_CAD WILL GO DOWN|SHORT|
✅USD_CAD has hit a key structure level of 1.4467
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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XRP's ROADMAP TO SUCCESSWhats up chat i hope you find yourselves well. This is Xrp's roadmap to success i really hope it shoves back down to 2$ for one last opportunity before it goes sharply up to 3$ and past ATH around janurary 20 theres many events from trumps inauguration, to all planets aligning on janurary 25. xrp is bound to go to all time highs by the end of this month so please monitor it very closely were about to shoot up!