Bitfarms pullback before an attempt to go higher

13 Feb 2023

As BTC is pointing toward a pullback to the 21-20k area we can reasonably assume bitcoin mining stocks will also correct. 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 https://twitter.com/cazenove_uk/status/1623987882938564612?s=20&t=r4NwM8bEMnXloi3k628P_w. 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.

1 Mac 2023

Nota

Sometimes you just don't get what you want and it's okay. BITF is still looking strong. A breakout above ~$1.17 will be very bullish. Watch BTC closely this week, if it breaks above 25k this miner stock will likely propel higher.

10 Mac 2023

Nota

Bingo! Took longer than expected but timing is very hard. Looking for bitcoin to stop dropping and show a strong enough bounce before going long

13 Mac 2023

Dagangan aktif

Long trade enterd. Bitcoin bounced strongly over the weekend.

19 Mac 2023

Nota

Strong past week for Bitcoin! Watch out for earnings on Tuesday. I am expect Bitfarms to be over $1 with no negative news

28 Mac 2023

Nota

Bitcoin is consolidation at the moment so BItfarms is having a hard time breaking and staying above $1

11 Apr 2023

Nota

With BTCUSD breaking all time highs this year (30K) Bitfarms has another attempt to make a daily close above $1.

13 Apr 2023

Nota

Up we go! :)

27 Apr 2023

Nota

Looking to close above ~$1.30 on the day in the next few weeks to set up the next big move