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BITFARMS LTD CEDEAR EACH 1 REP 5 COMBB

BITFARMS LTD CEDEAR EACH 1 REP 5 COM

5,690ARSD
+170+3.08%
At close at Jun 10, 22:15 GMT
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BITF trade ideas

BITF -Bitcoin Mining Company - Huge Expansion PlansBitfarms Ltd engaged in the cryptocurrency Mining industry mainly consists of selling its computational power used for hashing calculations for cryptocurrency mining in multiple jurisdictions. Its geographic operations are currently located in Canada, the United States, Argentina, and Paraguay. It owns and operates server farms comprised of computers designed to validate transactions on the Bitcoin Blockchain. Besides this factor, Bitfarms has undertaken aggressive expansion plans. The Bitcoin miner reported a hash rate capacity of 10.4EH/s in Q1 2024. The company is aiming to boost capacity to 21EH/s by the end of the year and further to 35EH/s by 2025. Breakout Zone: $3.30 Action: If the stock breaks above this area with strong volume, it might signal a continuation of the upward trend. Resistance Points: $3.80 $4.50 (TP1) $5.00 $5.80 (TP2) Surpassing these levels could signal a positive trend. Consider taking profits at these stages to realize gains. Trading Strategy: Take Profit (TP): Target 4.50 or at 5.80 capitalize on the anticipated price gap closure. Stop Loss (SL): Set at under $2.30 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
NLong
by meitshels_smell_trades
2
Bitfarms - Now or neverIf Bitfarms closes below 1.37 on a weekly candle it would be a major sign that Bitcoin has peaked. I don’t think this is likely but I do think this will be the final chance to go long on Bitfarms as this is a major support level between 1.37 and 1.75. The opportunity is a 1:17.5R trade. Trade quality: Chance of success 70% (assuming market moves into the zone with the confines of the wedge pattern shown) Risk to reward rating: 7/10 Overall rating: 7/10
TLong
by TipsOfPips
1
Long at 1.40 - might be too late to get in nowI realize that this one may be too late, but I went long NASDAQ:BITF at the close today. I can't resist a sale on miners, and while Bitcoin was down hard today, it was in sympathy with the market and not because of Bitcoin "fundamentals", such as they are (or aren't. With BITSTAMP:BTCUSD down less than 2% and this one down 14%, and all the HODLrs are whining about manipulation, I see a bargain thanks to those short sellers that jump on the miners hard when things get tough for $BTCUSD. Those short sellers eventually cover and juice it back in the other direction excessively when they do. I am intentionally providing a naked chart and no discussions of hashrates or server farms specifically to irritate my favorite troll because it makes him 💩 (as if the price action of the miners that he HODLs so dear didn't already do that). None of that stuff matters to me anyway - the algo rules this quick (ideally) in and out trade. The carnage may well not be over yet, but if it is this one could pop big tomorrow, so that's the only premise for this trade. Sadly, it's already trading up a few percent after hours, and depending on what BITSTAMP:BTCUSD does overnight, it may not see 1.40 again before this trade closes. I wouldn't recommend reaching for this, as the short term downside risk is real depending on what the market does tomorrow. This one may not be the 1 day reversal win I always hope for, but I think this is a very overdone selloff. It may continue for a day or two, but it could also rebound 5 or 6% tomorrow, so count me in. I am prepared to weather the storm however, as surely analysts will look to vocally cover their ass3s now that Wall Street's darling has become the Flavor of the Weak (shout-out to American Hi-Fi). There are few stocks that people get so wildly over-optimistic and wildly pessimistic about as this one, and that is an opportunity, in my mind. It held 117ish support and has more below that, but this move today definitely did technical damage that will take time to repair. And if the DeepSeek news is legit (consider me still a skeptic) it could do damage here fundamentally long term. The fact is, though, DeepSeek is still running on NVDA chips, not someone else's. Just maybe not as many or as powerful. That's a real concern - or should be if DeepSeek is legit. Even if it is, though, this trade is all about stocks not moving in straight lines up or down. I'm confident I'll make money whatever direction it moves - but up tomorrow would certainly make that job a lot easier. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.
NLong
by redwingcoach
$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.
NLong
by WolfAdams
$BITF - Bottom In?Hello Friends, For those of you looking to capitalize on NASDAQ:BITF you may want to add to your position, or start accumulating for the first time. Posting a fresh idea here for NASDAQ:BITF now that the bottom should be in. Keeping with the Bullish narrative of CRYPTOCAP:BTC we can assume NASDAQ:BITF will once again see another projection higher back to its 2024 ATH (All Time High) of $3.91. I will post further Exit/ TP objective as we see NASDAQ:BITF move out of its current consolidation.
NLong
by WolfAdams
BITFARM - lowest against HUT+MARA+CLSKBitfarm was unable to maintain its long-standing relationship with its competitors: HUT 8; MARA; CLSK This relationship was maintained for a long time but was recently overtaken by the improvement of its rivals while Bitfarm continues to decline, in the background we see that its relationship against Bitcoin is not improving either, Bitfarm is at a great entry point if there is a change in the price of this stock! We will have to keep a close eye on it!
NLong
by francopezzelatto
BIFTARM LOWEST ALL TIMEBIFTARM VS BITCOIN itfarm is a cutting-edge company at the forefront of digital innovation, specializing in cryptocurrency mining and blockchain technology. With a focus on sustainability and energy efficiency, Bitfarm leverages advanced hardware and renewable energy sources to maximize productivity while minimizing environmental impact. The company stands out for its scalable operations, strategic global positioning, and commitment to innovation, making it a key player in the evolving digital economy. As the demand for decentralized technologies grows, Bitfarm is well-positioned to lead the industry, driving progress and delivering value to stakeholders worldwide.
NLong
by francopezzelatto
2