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BITFARMS LTD

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BITF trade ideas

Support Bands IndictorOnce a Trend is developed is more likely to continue that change it. "Technical Analysis Using Multiple TimeFrames" Brian Shannon Book. However we can see the Support Band indicator which is a multiple Moving average, leaving a color trace of the trend. Creates a color Band Red for Downtrend and Green for Uptrend. 8EMA vs 10SMA Band 1 21EMA vs 30SMA Band 2 All MA declining and the market having a Green day and BTC having a green day. The Stock Sample is just to see how the Indicator works.
NASDAQ:BITF
by RCBInvestments
Earnings watch 5/16/22Earnings watch 5/16/22: WIX GTEC SNDL BITF TME WRBY SUNW TSEM USWS WEBR Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends... *3x lucky 7s of trading* 7pt Trading compass: Price action, entry/exit Volume average/direction Trend, patterns, momentum Newsworthy current events Revenue Earnings Balance sheet 7 Common mistakes: +5% portfolio trades, capital risk management Beware of analyst's motives Emotions & Opinions FOMO : bad timing, the market is ruthless, be shrewd Lack of planning & discipline Forgetting restraint Obdurate repetitive errors, no adaptation 7 Important tools: Trading View app!, Brokerage UI Accurate indicators & settings Wide screen monitor/s Trading log (pencil & graph paper) Big, organized desk Reading books, playing chess Sorted watch-list Checkout my indicators: Fibonacci VIP - volume Fibonacci MA7 - price pi RSI - trend momentum TTC - trend channel AlertiT - notification tickerTracker - MFI Oscillator www.tradingview.com
NASDAQ:BITF
by Options360
BITF Entry target $4.30Price has always fallen after earnings. Estimate for next earnings is lower than past 2 quarters. Entry target at $4.30 with a confirmation stochastic target of 64, and RSI entry of 53. Require a breakthrough of $4.30 price. Warning: Head-and-shoulders pattern in RSI along with constant overbought signal in Stochastics could signal bearish sentiment. Lookahead: Consistent oversold signal in Stochastics and RSI breakout at 53 level is a good entry even if $4.30 price target not hit. MACD is relatively flat, need a cross over zero line for a good break.
NASDAQ:BITF
by ashpat86
BITF trying to break out, possible entry around $3.63BITF could be retesting the breakout right now and then rally higher. I'm keeping an eye on the orange line and the horizontal support at 3.63 as an ideal safer entry. Some other bullish looks are the curving hourly moving averages. As a trade, I can see a tight stop under 3.63 depending on risk tolerance would make this an appealing trade. Just be careful to not get stop raided as it might find support on the bottom of the yellow wedge and reverse. A bearish possibility is a H&S pattern is created and BITF tanks to the support around 3.20. Also the daily indicators are showing overbought conditions, however these can turn quickly in breakouts. Now if it does continue to break out, keep an eye on this wedge as it could spell something bearish later on starting mid April. But if it breaks out of that wedge, I believe a strong rally will happen like in July and November.
NASDAQ:BITF
by Lynxys
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