An update to my MARA chart:
Looks like the thesis played out - albeit I have to admit if you only read the previous post's title then you'd think my play was it was going to $0 haha.
The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a runner. And for good reason - at 55B, the leading BTC miner is significantly undervalued for the heat that comes with crypto. With crpyto ETFs giving BTC adoption to the masses, MARA should see a reduction in beta which could see more institutional flows coming to it.
The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a runner. And for good reason - at 55B, the leading BTC miner is significantly undervalued for the heat that comes with crypto. With crpyto ETFs giving BTC adoption to the masses, MARA should see a reduction in beta which could see more institutional flows coming to it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.