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?Longby BallaJi448
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. Longby DEXWireNews8
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+ Longby Jgo115
#BITF looking for a retest of the old neckline... a double#BTC mining stock again getting boring .... but these look like great setups.Longby BallaJi8
MACD Buy Signal. Break Resistance. Retest Support1. MACD Buy Signal. 2. Break Resistance. 3. Retest Support. 4. TAYOR & Good Luck.Longby hasnolUpdated 4
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!Longby Turtlecoins2
Bitfarms Ascending Triangle on Daily TimeframeThere's a big ascending triangle on the Bitfarms chart which could lead to a massive breakout. Longby charliesteffens332
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 gapLongby largepetrol6
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 marketLongby largepetrol5
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 niceLongby largepetrol2
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. Longby MostlyGoodUpdated 12
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.Longby rrak2790672003
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.Longby peterbhc3
Farming for Bitcoin?BitFarms is a nice little company hidden in the space with very few employees. Could make a moonshot once CBDCs are forced unto the world. stayu tunes to find out.Longby largepetrol226
BITF will pump hard (but not yet) - 270 % profitBITF similary to other bitcoin mining stocks has been in a downtrend since 2021. Bitfarms Ltd., founded in 2017 and is one of the top Bitcoin Mining Companies. The price is approaching our buy zone. We expect one more drop to retest lows from 2020 and next the accumulation phase before the explosive move up. RSI on weekly is already pretty oversold but taking into an account bearish sentiment overall, most likely we see one more drop. In our opinion this stock is very undervalued now. Once crypto market starts recovering, we expect this stock to recover fast. Bottom for crypto market may be not far away (Many analysts believe that the bottom on BTC will be around 10k-12k $) therefore accumulating BITF may be a good idea too. Good luckLongby vf_investment2
BITF cyclical trade/investment (3-5 years)There a strong probability that the price can break lows $0.28 lows. But buying at these prices unleveraged is still great opportunity. In terms of sentiment on financial blogs and social media, most are wholeheartedly predicting the future demise of this stock. Personally, this exact same mentality surrounding this stock at its highs in terms of how they somehow knew it was underpriced and that it had upside potential. As usual the crowd is often wrong. Always a hard pill to swallow for them... (no bullish sentiment in terms of price action) There's a lot of uncertainty surrounding bitcoin miners and many are not able to keep up with how things are going. The risk are undoubtedly high and reward is EXTREMELY high... If they are able to manage this and survive. Obviously, the need to keep up to date with the crypto market and this stock is needed to determine if the risks are not worth the investment. example -> If something occurs with BITF and they seem to be going the wrong direction and if BTC drops extensively. I highly doubt that though seems like the majority of the pain and washout has been done and those who got burned left and those who survived will thrive. Mostly leaves it how macro develops and when it will allow BTC to thrive. Longby MeckaUpdated 0
Chart and fundamental analysis of BitFarms (BITF)Positive correlation with Bitcoin. Next target: $0.50 Fundamental analysis: Shortby andre_0070
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.by RCBInvestments1
BITF BTC Bitcoin Miner testing support Gamma HighBitfarms reported really good fundamentals and mining results. Efficient use of energy helps them going into Q3 and especially Q4. If you believe the market will rally into Q4 and Bitcoin will go up then Bitfarms is a long call. Short dated calls for Friday have very high Gamma so if this does retest support here and jump up with SPY in the next three days those options could do very well. Hut 8 also a very good miner report.Longby GT3500
big moves coming soon 💯in bullish uptrend here, watching for continuation above trend resistance/1.80 levels, shorts below 1.52 Shortby Vibranium_Capital1110
$BITF ~ Correction continues...Expecting at least the 61.8%... Overall market is still correcting as well as Bitcoin. Expecting around 22K on Bitcoin to finish out this correction. by EndlessCode1
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.comby Options3600
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.by ashpat861