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Bitfarms Ltd.

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BITF trade ideas

BITF BITFARMS (INVERSE H&S PATTERN)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 fees from each network for securing and processing transactions. The company was founded on October 11 2018 and is headquartered in Toronto Canada. Bitfarms Reports 38% Jump in Q3 Bitcoin Production From Q2; Shares Climb 16% as Digital Currencies Rally Canadian bitcoin mining company, on Friday reported production of 1,050 bitcoin in Q3, up 38% from the previous quarter. The company said it mined 305 bitcoin last month and 2,407 bitcoin since the beginning of the year. Bitfarms said it deposited 2,312 bitcoin, 96% of output, into custody through the end of September, with a total value of $100 million based on a bitcoin price of $43,500. The company said it is regularly boosting its hashrate towards its goals of 3 exahash per second in Q1 and 8 exahash per second by the end of next year. Bitfarms' Nasdaq-listed shares climbed nearly 19% in intraday trading on Friday, and were last up more than 16% as bitcoin's price surged nearly 9% to $47,7209.
NASDAQ:BITFLong
by MavRich_Trading
1
BitFarms Long TermBitFarms is a Bitcoin mining company that IPO on the Nasdaq this past year. They have 5 different plants all located in Canada. One thing to note is their use of clean energy, which has been a heavy conversation for quite some time. For comparison RIOT and MARA were around this sub 10$ range about a year ago. Now both trade around 30-40 with highs near the 60s. Long-term potential for growth in comparison to their costs creates massive potential for consistent profit. One metric to note is their cost per BTC mined is $9,000 and it's currently valued at over $45,000.
NASDAQ:BITFLong
by TheTrade_Sniper
BITF has likely reached bottom. Long target 15.The Bitcoin mining business is in a great position as investments have paid off and now that BTC is on the move for the final rush of the 4 year halving cycle the profitability of these mining firms will be solidified. Very few newer faster miners available because of the Chinese crackdown and semiconductor shortages. Very hard to find mining equipment. These mining machines with BTC above 50k pay off in 9 months, above $80k 5 months. If BTC hits $150k HUT 8 and BITF are money printing machines. But be careful to be out of your big positions by March. Track BTC price and you will know when to scale up and scale out. Unless they have a shelf offering sitting out there and run one like Hut 8 did it should be a fairly quick run up over the next one or two quarters. Up 16% yesterday the call options placed the day before were handsomely rewarded, but the IV will eat you alive so get in and get out unless you are selling options and even then try to do it on consolidation weeks. To be safe you could wait until she clears the Ichimoku cloud on the 4 hour timeframe.
NASDAQ:BITFLong
by GT350
BITF bullish flag. BITF has been on my radar for a few weeks now and have been waiting for a good entry point. With SPRT and BTBT breaking out i believe BITF will follow as well. Daily chart shows a bullish flag playing out, and if you take a look at the candlesticks you can see how it is trading within the flag. Volume seems to go down as well, while the MACD is closing red getting ready to go green. RSI is steady and look at how the price is above all 3 sma lines. Price target for me is 10 dollars and wouldn't be surprised if it goes higher.
NASDAQ:BITFLong
by Dc1392
$BITF Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.
NASDAQ:BITFLong
by BADQOMOCAWGOWLD
$24.42 BITF?BIT FARMS now trading at $7 and still anticipating a sell off wick to $5 or lower before the move above $10 and break ATH! I have this finishing on a 4.236 Fibonacci extension getting us close to $25, holding till $55 personally. RIOT and MARA ($37/35) are similar BTC mining companies to compare stock price with. Bit Farms is located in Canada and uses hydro electric power to keep the mining facility cool and eco friendly electricity. BITF earning coming up August 16th. BFARF (BARF) BOYS!!!🤮🤮🤮
NASDAQ:BITFLong
by chuckery
$BITF is gonna fall todayPupm&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 published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:BITFShort
by KozakHlib
2