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

! 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

Market Opportunity
ZIGCOIN Logo
ZIGCOIN Price(ZIG)
$0.058108
$0.058108$0.058108
+0.16%
USD
ZIGCOIN (ZIG) Live Price Chart
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 [email protected] 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

Ethereum Options Expiry Shows Risks Below $2,900

Ethereum Options Expiry Shows Risks Below $2,900

The post Ethereum Options Expiry Shows Risks Below $2,900 appeared on BitcoinEthereumNews.com. Ether (ETH) has been unable to sustain prices above $3,400 for the
Share
BitcoinEthereumNews2025/12/25 10:24
Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

Fed forecasts only one rate cut in 2026, a more conservative outlook than expected

The post Fed forecasts only one rate cut in 2026, a more conservative outlook than expected appeared on BitcoinEthereumNews.com. Federal Reserve Chairman Jerome Powell talks to reporters following the regular Federal Open Market Committee meetings at the Fed on July 30, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Federal Reserve is projecting only one rate cut in 2026, fewer than expected, according to its median projection. The central bank’s so-called dot plot, which shows 19 individual members’ expectations anonymously, indicated a median estimate of 3.4% for the federal funds rate at the end of 2026. That compares to a median estimate of 3.6% for the end of this year following two expected cuts on top of Wednesday’s reduction. A single quarter-point reduction next year is significantly more conservative than current market pricing. Traders are currently pricing in at two to three more rate cuts next year, according to the CME Group’s FedWatch tool, updated shortly after the decision. The gauge uses prices on 30-day fed funds futures contracts to determine market-implied odds for rate moves. Here are the Fed’s latest targets from 19 FOMC members, both voters and nonvoters: Zoom In IconArrows pointing outwards The forecasts, however, showed a large difference of opinion with two voting members seeing as many as four cuts. Three officials penciled in three rate reductions next year. “Next year’s dot plot is a mosaic of different perspectives and is an accurate reflection of a confusing economic outlook, muddied by labor supply shifts, data measurement concerns, and government policy upheaval and uncertainty,” said Seema Shah, chief global strategist at Principal Asset Management. The central bank has two policy meetings left for the year, one in October and one in December. Economic projections from the Fed saw slightly faster economic growth in 2026 than was projected in June, while the outlook for inflation was updated modestly higher for next year. There’s a lot of uncertainty…
Share
BitcoinEthereumNews2025/09/18 02:59
Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Arizona Senator Proposes Exempting Bitcoin and Crypto from Taxes

Understanding the specific tax exemption proposal's scope, mechanics, and limitations provides foundation for evaluating feasibility and implications. The exemption presumably covers capital gains taxes on cryptocurrency appreciation at state level, though personal income tax and corporate tax treatment requires clarification. Scope questions include whether exemption applies to trading profits, mining income, staking rewards, DeFi yields, NFT sales, and business cryptocurrency revenue.
Share
MEXC NEWS2025/12/25 11:47