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

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
PA Daily | Moonshot launches New XAI gork ($gork); analysis shows that Trump’s crypto assets account for about 40% of his total assets

PA Daily | Moonshot launches New XAI gork ($gork); analysis shows that Trump’s crypto assets account for about 40% of his total assets

CryptoQuant predicts three future trend scenarios for Bitcoin: in an optimistic scenario, it will rise to $150,000 to $175,000; Binance Alpha will launch Anon, BEETS and SHADOW; Moonshot announced the launch of New XAI gork ($gork).
Share
PANews2025/05/01 17:30
XRP ETF’s bereiken belangrijke mijlpaal: $1 miljard aan netto instroom

XRP ETF’s bereiken belangrijke mijlpaal: $1 miljard aan netto instroom

De markt voor crypto-exchange-traded funds (ETF’s) heeft opnieuw een belangrijke mijlpaal bereikt. XRP ETF’s hebben gezamenlijk meer dan 1 miljard dollar aan netto
Share
Coinstats2025/12/16 21:01