Bitfarms Ltd T.BITF

Hmmm

[bidoux67]

To hold into the long weekend or not to hold?glta.

[AlphaJ]

I sold a lot. Can't say for sure but looks like a bearish trend is forming. Wouldn't be surprised if we see 30k usd again in the short term. Could consolidate here for weeks. I thought we'd see a v shape bounce but not looking likely. Looking to see if we form a W (double bottom reversal) on 30k. Glta

[HarfanddesNeiges]

Not the good time to sold. Nest week NASDAQ and BITF to Report first quarter 2021 Financial Results. GLTA

[bidoux67]

You are probably correct in that I should have hold onto my shares. I did sell my position today and got out of BTC and invested my profits into a electric vehicle manufacturer called Lion Electric (LEV). Hopefully I can get back into BITF again before the next leg up.Glta!

[AlphaJ]

Is lion the canadian company rumored to be building the apple car?

[bidoux67]

Hey AlphaJ...wish I could say that there is a rumour like that going around about the company but they are just starting off and make EV such as trucks and school buses. A friend of mine got an upper mgmt job there and it seems wherever he goes things turn out pretty good! Did some DD and and noted it is still in the early stages yet has a high market cap....I've been wanting to get into the

[AlphaJ]

It might be magna building the apple car. I've heard it's a Canadian company..

[bidoux67]

There is a rumour about Magna being the manufacturer of the Apple car...it is a great company and one that I am looking at seriously. I am trying to diversify a bit my portfolio but investing in the BTC industry makes life pretty exciting...for better or for worse....so I'm thinking BITF will drop a bit after earnings and I might jump back in again. Never know with these markets today but I

[AlphaJ]

I've made alot of money over the last 2 years and lost a house worth in the last month. Im not sticking around to lose more. Even with nasdaq, won't see much of a pump if crypto in free falling. Technical bearish patterns on the charts( under 200sma) plus, a lot of negative narratives around crypto is forming. Im risky but its best to not get too greedy and risk holding the bag. If crypto

[AlphaJ]

To add, I dont think the quarterly or the naadaq date announcement will have any significant effect of the price.. maybe 10-30% at best or nothing.....but naadaq listing could have a major effect. To that note. When the date in announced, we should have 1-2 weeks of notice prior to enter positions. So there's no reason to hold through. Its stocks, we can trade these in and out within minutes

[AlphaJ]

I'll add two more things im personally looking out for. 1. US ETF 2. NYDIG custodial service launch. Those would be huge turn around news catalysts.

[bidoux67]

Good points AlphaJ! Those two events happen and I would jump back in the game! Will keep that in mind!

[AlphaJ]

Because Bitcoin trades on technicals.. alot. I'm just concerned about the 200 SMA which is at $40k USD right now. Bitcoin tends to head lower once it breaks trend line. I'll buy back in if BTC can close above $40k. Otherwise, I'm short term bearish.

[bidoux67]

For the same reasons you mentioned I am also short term bearish on BTC. We will see what next week brings.

[AlphaJ]

looks like we are going to close the week below the 200 SMA. Could see another round of sell off before we hit bottom. Possible $28k btc level. May consider rebuying around the $27-30k levels.

[bidoux67]

Going to be a crazy week for those invested in BITF! I am on the sidelines right now but anxious to get back in if things look like they are going to turn around. Timing is never easy to predict! Glta.

[bidoux67]

Yeah...I have made a lot and loss some as well but glad I still made some good profits. I also put some money in Enbridge as I like their dividend. Making almost 7.5 percent there and share price can still appreciate. Glad you have done well! We are all in this to make money and I wish the best for everyone! Glta.

[bullFire]

you sound about 20 times smarter than alphaGay.   

[HarfanddesNeiges]

BITF shouls open over 5.60 $ tomorrow. GLTA

[bidoux67]

It probably will open higher given that I sold my position on Friday:( if the stars align I will be back in again sometime this week. Glta.

[HarfanddesNeiges]

Don't loose your time with the stars cause BITF price could be over 7.0 $ before the end of the week. GLTA

[Crisis2007]

I dont know why people was selling last Friday , may be they want to buy BITF back @ $2 or $3 ..... They will regret about it BITF will over $7 by Wed  GLTA

[bidoux67]

I hope you are right for all of the BITF investors out there. I shouldn't be trying to time when to buy back in but my experience is that if the Financials are just average then the share price always drops after the news..I am not sure if that will happen with BITF but if it does I will be buying back in for sure...butc2hat will probably happen is the news will be great and I will be buying

[AlphaJ]

Agreed, most likely bitf will post another net loss. Even though their hodl will probably offset their "technical loss". But it won't matter. Also, Looks like BTC got rejected at the top of this decending triangle. Bear trend still intact. Waiting on the sidelines still. My fear is, this can just as easily go down to 20k as it can go up to 40k.

[bidoux67]

We are on the same page AlphaJ! I have to have some patience as it is tempting to jump back in...but going to stick to my strategy the best I can!

[AlphaJ]

Yo, I just keep thinking. Dip for daddy. Common wick to 30k DURING MARKET HOURS!!

[AlphaJ]

The good news is, we were right. Bitcoin did tumble. The bad news for us is. Elon tweeted on a holiday Monday. F'in Elon. This sh!t is unreal.