Bitfarms pullback before an attempt to go higher

As BTCUSD 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.

評論:

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.

評論:

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

交易進行:

Long trade enterd. Bitcoin bounced strongly over the weekend.

評論:

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

評論:

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

評論:

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

評論:

Up we go! :)

評論:

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