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$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.
NASDAQ:BITFLong
by WolfAdams
DXY AND CORRELATIONS i wanted to show you guys what to be aware of and real trades i will be taking on my channel, i do scalp majority of the time i just didn't do it today because of news but i will be looking for scalps as the market settles for next week and wanted to show you a scalp that is my favorite to look for in terms of trading SMC concepts. I wanted to run you through GBP/USD its one of my favorite correlators with dxy there was a definitely set up that i trade 99% of the time unless news in in the way. i still wanted to show you guys because it will be a reoccurring trade here that you will see repeatedly. Let me know if this helps you :)
CAPITALCOM:DXYShort
by SmmxTrader
DXY Position for 12/6 - 12/13/24Hey guys i want to give you guys some insight as I've been trading these concepts for the last two - three years now using these concepts. I don't really care what people think I'm strictly using this a way to show you guys that these concepts work i try not to over complicate it and for two I'm not always right i do get it wrong but will use great risk reward to out weigh my losses. So to start we have High impact news tomorrow, Which is what i will be watching for ideally i want the Short term buy side liquidity to be ran through tomorrow but again I'm going to be watching because it doesn't necessarily need to it can easily dump to buyside imbalance sell side inefficiency without returning to the liquidity on the buy side. I will be waiting before i make a decision if we do get a aggressive move tomorrow towards the upside then i will be waiting for a shift in market structure back down to the liquidity on the sell side again I'm currently neutral until we get more insight for tomorrow but i hope this helps. let me know if this helps you :)
CAPITALCOM:DXY
by SmmxTrader
2
BTC - Strong Historical Resistance at $107,000 USD. Bitcoin is currently hovering just below a historically strong resistance point which has existed going all the way back to the December 2017 high. On this current cycle, that level is $107,000 USD. If its going to break that resistance for the first time in almost 10 years its going to take a lot of smart money to do so. Be careful going long here. If you were going to make a bet at this level, short BTC would have a higher probability of success. On the other hand, if BTC is going to break this historical resistance line, it would be during this cycle, so don't count it out. I'm a long term holder so I'm not sweating it, but this price level is not the place to make crazy bets in my opinion. Trade with caution. Watch the news and ask yourself, why do they want me to think one way or the other and if I take their view how would that benefit me. How would it benefit them?
COINBASE:BTCUSD
by swineninety9