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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.

CDNX_BITF
Open High Low BITF Price Change
5.38 5.47 5.05 5.09 -0.17
Entry Signal

MarketClub’s Trade Triangles for BITF

long term down The long-term trend has been DOWN since Jan 6th, 2022 at 5.70

intermediate term down The intermediate-term trend has been DOWN since Dec 2nd, 2021 at 9.07

short term down 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).

-100
Smart Scan Analysis for BITF
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
5.38 5.47 5.05 5.09 -0.17
Prev. Close Volume Bid Ask Time
5.10 729218 2022-01-19 15:59:56
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