The post Zig-zag correction offers a blue box area appeared on BitcoinEthereumNews.com. ! In today’s update, we’ll revisit the Elliott Wave structure of Bitfarms Ltd. ($BITF) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, a Zig-Zag (ABC) pattern is unfolding, approaching a critical support zone where buyers have historically stepped in. Let’s break down the key developments. Five wave impulse structure + ABC correction $BITF daily Elliott Wave view October 28th 2025 $BITF daily Elliott Wave view November 18th 2025 last update, $BITF has continued to decline,. The stock is now approaching the blue box area, where buyers may step in. Here’s how the structure is unfolding so far: 1. The first leg lower, labeled wave (A), has already formed, marking the initial phase of the pullback. 2. This was followed by a bounce in wave (B), which failed and broke below wave (A). 3. The stock is now trading in wave (C) of the larger wave ((2)) correction, which should target the area at $2.00–$0.67. Blue box area: A key buying opportunity The Blue Box area represents a high-probability reversal zone where buyers could re-enter for the next bullish cycle. This correction, which follows the 5-wave impulse, allows the market to reset and create new opportunities for traders. §  Wave Structure: Corrections typically unfold in 3 swings (ABC), with wave (C) often extending into the Blue Box. As $BITF approaches this zone, traders should closely monitor price action for signs of reversal and a resumption of the larger uptrend. What’s next for $BITF? Once wave ((2)) completes in the Blue Box area, we expect $BITF to resume its bullish trend with a rally in wave ((3)). This next impulsive move could take the stock to new highs, continuing its uptrend. Conclusion The current correction in Bitfarms Ltd. ($BITF) aligns with our Elliott Wave analysis and offers a strategic buying opportunity. As the stock approaches the $2.00–$0.67 area, traders should prepare to capitalize on the next leg… The post Zig-zag correction offers a blue box area appeared on BitcoinEthereumNews.com. ! In today’s update, we’ll revisit the Elliott Wave structure of Bitfarms Ltd. ($BITF) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, a Zig-Zag (ABC) pattern is unfolding, approaching a critical support zone where buyers have historically stepped in. Let’s break down the key developments. Five wave impulse structure + ABC correction $BITF daily Elliott Wave view October 28th 2025 $BITF daily Elliott Wave view November 18th 2025 last update, $BITF has continued to decline,. The stock is now approaching the blue box area, where buyers may step in. Here’s how the structure is unfolding so far: 1. The first leg lower, labeled wave (A), has already formed, marking the initial phase of the pullback. 2. This was followed by a bounce in wave (B), which failed and broke below wave (A). 3. The stock is now trading in wave (C) of the larger wave ((2)) correction, which should target the area at $2.00–$0.67. Blue box area: A key buying opportunity The Blue Box area represents a high-probability reversal zone where buyers could re-enter for the next bullish cycle. This correction, which follows the 5-wave impulse, allows the market to reset and create new opportunities for traders. §  Wave Structure: Corrections typically unfold in 3 swings (ABC), with wave (C) often extending into the Blue Box. As $BITF approaches this zone, traders should closely monitor price action for signs of reversal and a resumption of the larger uptrend. What’s next for $BITF? Once wave ((2)) completes in the Blue Box area, we expect $BITF to resume its bullish trend with a rally in wave ((3)). This next impulsive move could take the stock to new highs, continuing its uptrend. Conclusion The current correction in Bitfarms Ltd. ($BITF) aligns with our Elliott Wave analysis and offers a strategic buying opportunity. As the stock approaches the $2.00–$0.67 area, traders should prepare to capitalize on the next leg…

Zig-zag correction offers a blue box area

2025/11/20 01:02

! In today’s update, we’ll revisit the Elliott Wave structure of Bitfarms Ltd. ($BITF) and provide insights into the next phase of its price action. You can check the last article here. As anticipated, a Zig-Zag (ABC) pattern is unfolding, approaching a critical support zone where buyers have historically stepped in. Let’s break down the key developments.

Five wave impulse structure + ABC correction

$BITF daily Elliott Wave view October 28th 2025

$BITF daily Elliott Wave view November 18th 2025

last update, $BITF has continued to decline,. The stock is now approaching the blue box area, where buyers may step in. Here’s how the structure is unfolding so far:

1. The first leg lower, labeled wave (A), has already formed, marking the initial phase of the pullback.

2. This was followed by a bounce in wave (B), which failed and broke below wave (A).

3. The stock is now trading in wave (C) of the larger wave ((2)) correction, which should target the area at $2.00–$0.67.

Blue box area: A key buying opportunity

The Blue Box area represents a high-probability reversal zone where buyers could re-enter for the next bullish cycle. This correction, which follows the 5-wave impulse, allows the market to reset and create new opportunities for traders.

§  Wave Structure: Corrections typically unfold in 3 swings (ABC), with wave (C) often extending into the Blue Box.

As $BITF approaches this zone, traders should closely monitor price action for signs of reversal and a resumption of the larger uptrend.

What’s next for $BITF?

Once wave ((2)) completes in the Blue Box area, we expect $BITF to resume its bullish trend with a rally in wave ((3)). This next impulsive move could take the stock to new highs, continuing its uptrend.

Conclusion

The current correction in Bitfarms Ltd. ($BITF) aligns with our Elliott Wave analysis and offers a strategic buying opportunity. As the stock approaches the $2.00–$0.67 area, traders should prepare to capitalize on the next leg of the uptrend. Stay patient, focus on risk management, and let the Elliott Wave structure guide your decisions.

Source: https://www.fxstreet.com/news/bitfarms-ltd-bitf-update-zig-zag-correction-offers-a-blue-box-area-202511191314

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Tom Lee Predicts Major Bitcoin Adoption Surge

Tom Lee Predicts Major Bitcoin Adoption Surge

The post Tom Lee Predicts Major Bitcoin Adoption Surge appeared on BitcoinEthereumNews.com. Key Points: Tom Lee suggests significant future Bitcoin adoption. Potential 200x increase in Bitcoin adoption forecast. Ethereum positioned as key settlement layer for tokenization. Tom Lee, co-founder of Fundstrat Global Advisors, predicted at Binance Blockchain Week that Bitcoin adoption could surge 200-fold amid shifts in institutional and retirement capital allocations. This outlook suggests a potential major restructuring of financial ecosystems, boosting Bitcoin and Ethereum as core assets, with tokenization poised to reshape markets significantly. Tom Lee Projects 200x Bitcoin Adoption Increase Tom Lee, known for his bullish stance on digital assets, suggested that Bitcoin might experience a 200 times adoption growth as more traditional retirement accounts transition to Bitcoin holdings. He predicts a break from Bitcoin’s traditional four-year cycle. Despite a market slowdown, Lee sees tokenization as a key trend with Wall Street eyeing on-chain financial products. The immediate implications suggest significant structural changes in digital finance. Lee highlighted that the adoption of a Bitcoin ETF by BlackRock exemplifies potential shifts in finance. If retirement funds begin reallocating to Bitcoin, it could catalyze substantial growth. Community reactions appear positive, with some experts agreeing that the tokenization of traditional finance is inevitable. Statements from Lee argue that Ethereum’s role in this transformation is crucial, resonating with broader positive sentiment from institutional and retail investors. As Lee explained, “2025 is the year of tokenization,” highlighting U.S. policy shifts and stablecoin volumes as key components of a bullish outlook. source Bitcoin, Ethereum, and the Future of Finance Did you know? Tom Lee suggests Bitcoin might deviate from its historical four-year cycle, driven by massive institutional interest and tokenization trends, potentially marking a new era in cryptocurrency adoption. Bitcoin (BTC) trades at $92,567.31, dominating 58.67% of the market. Its market cap stands at $1.85 trillion with a fully diluted market cap of $1.94 trillion.…
Share
BitcoinEthereumNews2025/12/05 10:42
‘Real product market fit’ – Can Chainlink’s ETF moment finally unlock $20?

‘Real product market fit’ – Can Chainlink’s ETF moment finally unlock $20?

The post ‘Real product market fit’ – Can Chainlink’s ETF moment finally unlock $20? appeared on BitcoinEthereumNews.com. Chainlink has officially joined the U.S. Spot ETF club, following Grayscale’s successful debut on the 3rd of December.  The product achieved $13 million in day-one trading volume, significantly lower than the Solana [SOL] and Ripple [XRP], which saw $56 million and $33 million during their respective launches.  However, the Grayscale spot Chainlink [LINK] ETF saw $42 million in inflows during the launch. Reacting to the performance, Bloomberg ETF analyst Eric Balchunas called it “another insta-hit.” “Also $41m in first day flows. Another insta-hit from the crypto world, only dud so far was Doge, but it’s still early.” Source: Bloomberg For his part, James Seyffart, another Bloomberg ETF analyst, said the debut volume was “strong” and “impressive.” He added,  “Chainlink showing that longer tail assets can find success in the ETF wrapper too.” The performance also meant broader market demand for LINK exposure, noted Peter Mintzberg, Grayscale CEO.  Impact on LINK markets Bitwise has also applied for a Spot LINK ETF and could receive the green light to trade soon. That said, LINK’s Open Interest (OI) surged from $194 million to nearly $240 million after the launch.  The surge indicated a surge in speculative interest for the token on the Futures market.  Source: Velo By extension, it also showed bullish sentiment following the debut. On the price charts, LINK rallied 8.6%, extending its weekly recovery to over 20% from around $12 to $15 before easing to $14.4 as of press time. It was still 47% down from the recent peak of $27.  The immediate overheads for bulls were $15 and $16, and clearing them could raise the odds for tagging $20. Especially if the ETF inflows extend.  Source: LINK/USDT, TradingView Assessing Chainlink’s growth Chainlink has grown over the years and has become the top decentralized oracle provider, offering numerous blockchain projects…
Share
BitcoinEthereumNews2025/12/05 10:26
What’s Next for Dogecoin Price After Whales Scoop 480M DOGE?

What’s Next for Dogecoin Price After Whales Scoop 480M DOGE?

The post What’s Next for Dogecoin Price After Whales Scoop 480M DOGE? appeared on BitcoinEthereumNews.com. Dogecoin price stays in focus after fresh whale accumulation and improving on-chain signals. The market now looks at whether the DOGE price can extend its recent rebound. The charts indicate a clean trend shift is developing, and on-chain strength is accumulating. Buyers are still commanding an assured breakout framework that can sustain additional profits. . Dogecoin Price Stands Strong Above Falling Wedge. At the time press, the price of Dogecoin is trading at a price of $0.147 with buyers protecting the breakout region. DOGE price now lifts cleanly from a falling wedge and retests the upper boundary with steady commitment. This retest reinforces structure around $0.145 which constitutes a strong support base to buyers. Higher lows also constitute price action that verifies the growth of strength over the short-term range. A break above $0.155 gives room to $0.181 since the chart depicts free airflow. An extension to $0.20 would be achieved when the buyers gain control above mid-range resistance. This move would represent a 37% rally from the support zone.  DOGE/UDDT Daily Chart (Source: TradingView) Meanwhile, the MACD indicator is steadily increasing and drawing more and more green bars with each session. Notably, the MACD line sits above the signal line, maintaining a clear upward trend. These readings confirm rising confidence as DOGE price approaches stronger breakout conditions. Besides, these signals align with a constructive formation that often precedes broader expansions. Dogecoin price thus forms a better base since several indicators are moving in the positive direction. This is in line with the long-term Dogecoin price forecast, which favors the enhancement of risk appetite. Whales Boost Confidence with Heavy Buying Heavy accumulation lifted sentiment after whales added 480 million DOGE within 48 hours. Such action creates a high demand floor since big holders will seldom accumulate positions when the market…
Share
BitcoinEthereumNews2025/12/05 10:17