Stock Trend Analysis Report
Prepared for you on Thursday, January 20, 2022.
Bitfarms Ltd. (CDNX:BITF)
Strong Downtrend (-100) - BITF is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, BITF continues to fall. Traders should use caution and set stops.
Is it time to buy, sell, or avoid BITF?
MarketClub looks at technical strength and momentum to determine if the timing is right for BITF.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for BITF
The long-term trend has been DOWN since Jan 6th, 2022 at 5.70
The intermediate-term trend has been DOWN since Dec 2nd, 2021 at 9.07
The short-term trend has been DOWN since Jan 18th, 2022 at 5.45
Smart Scan Analysis for BITF
Based on our trend formula, BITF is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).