MARA
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves.
1. Direct purchase of crypto from crypto exchange like Coinbase
2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR
3. Invest in LEAPS options on the same stocks (powerful strategy)
4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB
5. Invest in Bitcoin futures
Expect all of these to move up as BTC approaches $60,000
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024.
- Breakout level is 21
- Initial target = 35-38 by early March 2024 (before earnings)
- Watch out for possible resistance around 25-27, but should break through it easily
- After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024.
~The black arrow/path is my forecast to initial target.
RIOT Buy the Bitcoin Pullback? LONGIOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made
a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD
lines are above zero while the RSI lines have settled in deep oversold territory. I see this as
a good entry for a long position with at least 50% upside and much money if taking
call options. As to the latter, I would look for a Juen expiration at a strike just below the
POC line of the volume profile which is confluent with the mean long-term VWAP. My goal is
a 500% return. The OTM call options are cheap enough to take several and then take
partial profits each time Bitcoin reaches a pivot high over the interval and maybe pick up
another when a it finds a pivot low.
Marathon Digital (MARA) Bucks Production Dip with 23% SurgeMarathon Digital Holdings Inc ( NASDAQ:MARA ) has defied expectations with a remarkable 23% surge in its stock value, despite a notable 42% decline in Bitcoin production for the month of January. The company's resilience in the face of adversity has captured the attention of investors, highlighting the enduring allure of the cryptocurrency market.
The surge in Marathon's ( NASDAQ:MARA ) shares comes as Bitcoin, the bellwether of the digital asset space, inches closer to the $47,000 mark. This upward trajectory has catalyzed a broader rally in U.S. stock market crypto-related companies, underlining the symbiotic relationship between Bitcoin's price movements and the performance of associated entities.
January's production figures for Marathon tell a tale of challenges and perseverance. Despite encountering weather-related disruptions and equipment failures leading to site outages, the company managed to mine 1,084 BTC. While this represents a substantial decline from December 2023 figures, the market's response underscores investor confidence in Marathon's ability to navigate adversity and capitalize on favorable market conditions.
The positive momentum observed in Marathon's stock is reflective of broader trends within the crypto industry. Canaan Technology ( NASDAQ:CAN ), Bitdeer (BTDR), Coinbase ( NASDAQ:COIN ), and MicroStrategy ( NASDAQ:MSTR ) have all witnessed significant gains, buoyed by Bitcoin's ascent. This collective surge underscores the growing mainstream acceptance and adoption of digital assets as viable investment vehicles.
Notably, the enthusiasm surrounding Bitcoin's price surge has been further bolstered by substantial trading volumes observed in spot Bitcoin exchange-traded funds (ETFs), exceeding $1 billion. Institutions such as BlackRock and Fidelity have emerged as key players in this arena, signaling a maturing market ecosystem and institutional confidence in the long-term viability of cryptocurrencies.
Moreover, comments from Federal Reserve officials hinting at potential rate cuts later in the year have added fuel to the market's bullish sentiment. The prospect of looser monetary policy has enhanced the attractiveness of cryptocurrencies as a hedge against inflationary pressures, further driving investor interest in the digital asset space.
In conclusion, Marathon Digital's ( NASDAQ:MARA ) resilience in the face of production challenges serves as a testament to the dynamism of the cryptocurrency market. Against a backdrop of macroeconomic uncertainties and operational hurdles, the company's ability to capitalize on Bitcoin's rally underscores the enduring appeal of digital assets as a lucrative investment avenue. As the landscape continues to evolve, Marathon's ( NASDAQ:MARA ) trajectory serves as a compelling case study in adaptability and opportunity within the burgeoning crypto ecosystem.
$WGMI - Bitcoin Miners ETF - Printing $ From EnergyNASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA
So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks.
Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk associated with one individual company. (I.e, bad corrupt executives, bad accounting practices, bad management, etc.,)
This Exchange Traded Fund (ETF) is a pool of the following stocks;
1. MARA - Marathon digital
2. CLSK -Cleanspark
3. RIOT - Riot blockchain
4. IREN - Iris Energy
5. NVDA - Nividia
6. WULF - TeraWulf
APLD- Applied Digital
CIFR- Cipher Mining,
..and on and on.
This is a well diversified investment for anyone looking to get exposure to Bitcoin mining stocks while Bitcoin is breaking through its current major resistance levels, and I am SUPER UBER LONG all of them.
HUT - a crypto-mining stock setting up for a long tradeHUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or
less parallel channel and testing the lower support trendline of that channel. The last trend
down took about six weeks. A Fibonacci 50% retracement would take price to 12 while the top
of the channel resistance which is falling would be in the zone of 14. Accordingly, a long trade
could be potentially in the range of 55-100% or so over two months or less. The stop loss set below support at 5.3 would provide for a good reward-to-risk ratio. For those who follow fundamentals and catalysts, HUT has a new CEO who is a turnaround specialist.
Plan- I will watch to see the short time frame RSI in green cross over the 50 level. I will then zoom into a 60-120 minute time frame and look for an entry point with narrow-range candles also going red to green and then take a long trade with those two targets. There are no options for this stock as far as I can tell.
$MARA -For Gods Sakes, they are PRINTING $$ from The SUNthis is a $500MM well capitalized micro cap stock company that takes SUNLIGHT and TURNS IT INTO BITCOIN.
THIS STOCK (along with ticker: WULF) TURNS SUNLIGHT INTO MONEY
THEY TURN SUNLIGHT INTO DINERO.
THEY TURN PHOTON BEAMS OF LIGHT FROM THE SUN, AND TURN IT INTO MONEY.
No man or organization should behold such power. It can not be harnessed.
absolute power corrupts absolutely" NASDAQ:MARA
$MARA Has Agreed to Pay Hut 8 A Termination Fee of $13.5 MilHut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the significance of this transition, shedding light on the evolving landscape of the crypto mining sector.
The story begins with Marathon Digital's acquisition of the mining sites from Generate Capital for a substantial $178.6 million. Despite the change in ownership, Hut 8 ( NASDAQ:HUT ) continued to manage operations under a pre-existing agreement with the former owner. This situation led to Marathon Digital paying a termination fee, a noteworthy development in the broader context of the crypto mining ecosystem.
Operational Transition:
The agreement dictates that by April 30, Marathon Digital will assume full operational control of the acquired sites, bringing an end to Hut 8's ( NASDAQ:HUT ) provision of managed services. The termination of Hut 8's $1.2 million monthly contract, with over four years remaining, represents a significant financial decision for both parties involved.
Marathon's Perspective:
Marathon Digital, with an eye on cost optimization, aims to reduce operating fees by taking direct control of the mining sites. By doing so, the company anticipates improving its production cost to mine bitcoin at these facilities. Marathon's Chairman and CEO, Fred Thiel, emphasizes the strategic advantages of owning and operating the assets directly, highlighting the potential for increased influence and operational efficiency.
Hut 8's Response:
Hut 8, on the other hand, acknowledges the contributions of its teams at the Kearney and Granbury sites and expresses confidence in an orderly transition of operations. President Asher Genoot recognizes the talent and dedication demonstrated over the past year, signaling a positive outlook for the company's future plans. As Hut 8 ( NASDAQ:HUT ) forgoes the lucrative $1.2 million-per-month contract, the company positions itself for potential strategic moves and developments in the evolving crypto mining landscape.
Conclusion:
The unfolding narrative surrounding Hut 8 Mining ( NASDAQ:HUT ) reflects the intricate dance of adaptation and strategic maneuvering within the cryptocurrency industry. As Marathon Digital takes the reins of operational control, both companies are poised for new opportunities and challenges. Investors and industry enthusiasts will be closely watching how Hut 8 ( NASDAQ:HUT ) navigates this transition, anticipating updates about the company's future plans and potential shifts in the crypto mining market.
BTC to All Time Highs in 2024??? DISCLAIMER
My thoughts are outlined within the chart itself, and they are just my thoughts and opinions based on the technical analysis that I see. I am in NO WAY a professional in the trading of any crypto currency, so ffs, DO YOUR OWN RESEARCH! :) :)
COINBASE:BTCUSD
NASDAQ:COIN
NASDAQ:MARA
NASDAQ:RIOT
NASDAQ:HUT
NASDAQ:IBIT
AMEX:GBTC
AMEX:HODL
NASDAQ:BRRR
AMEX:ARKB
AMEX:BITB
AMEX:FBTC
AMEX:DEFI
AMEX:EZBC
AMEX:BTCO AMEX:BTCW
Bitcoin & crypto bouncing, time to buy?Bitcoin tagged the EMA 113 today on the daily chart and has bounced superbly.
Since the etf approval, Bitcoin has sold off. This did turn out to be a buy the rumor sell the news event.
Since BTC is bouncing does this mean its time to load to boat on crypto stocks?
I personally thin BTC/ Crypto has 1 more flush to the downside before a bigger move unfolds.
Im looking for a 50% retracement of the entire crypto market cap.
$MARA Marathon Digital Double BottomNASDAQ:MARA (Marathon Digital) is holding the double bottom support. Mara needs to close above the green line, and bullish consolidation is required. Stochastic RSI is oversold, and the parallel downtrend needs to be broken. The stop-out point is on a close below the grey line
Bitcoin Miners Overview The performance over recent months as we enter a new CRYPTOCAP:BTC bull cycle (RELEVANT & recent timeframe)
NASDAQ:CLSK - 307%+ since Dec 2022
NASDAQ:CIFR - 485%+ since Dec 2022
NASDAQ:MAR - 4,729%+ since Mar 2020
NASDAQ:RIOT - 1824%+ since Mar 2020
Keep an eye on who is holding the 200 day and who holds diagonal support
PUKC
Crypto stocks & Bitcoin slaughtered!Stocks like Coin, Mara, MSTR all got s=demolished this week on the back of BTC having a 11% pullback from highs.
Bitcoin is forming a weekly reversal candle that is extremely bearish.
This candle could indicate a near term top in the crypto market.
If we get a weekly hammer reversal expect a 50% retrace on the bearish candle, this means some crypto stocks could be in for a dead cat bounce.
Short Squeeze Potential MARA ? heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF news and now we have the sell the news profit taking etc right back to the break out. which was clear resistance multiple times if you look left. idk. its something I'll at least watch. any crypto news or catalyst can put this back in play. it really really needs to hold this area especially over 15 but i really don't want it to go past 17.50-18. but yeah, that's my thoughts something to watch, feels like its kinda late to the party and the move was made but the amount of shorts in this is interesting. id target 32. for hypothetical purpose past that it can get parabolic. 32 was about the measured move from the head and shoulders although this is log chart. also currently resting on the 9ema. im not 'thrilled' for this. just something to keep watch on. and i also want to post this so i can view it later.
Cheers! 3 day weekend. try to enjoy it. lol
Marathon Digital Holdings: Red day is as valuable as Green dayWhat is going on Team NASDAQ:MARA
Let's review the 3M chart and go over this pullback.
Yes, we have been here before
Stocks go up, down, down, down, up, up, and up some more...
Remember until my next video
Above All and All-in-All; God Bless America
J.R.
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
Bitcoin near term top!Bitcoin saw a nasty Daily topping tail on volume.
So far it appears the ETF news is a sell the news event.
Despite BTC selling off slighlty the decline really wasnt all that bad respectively.
Compared to some of the equity market signals we got in the crypto stocks today. The likes of Coin, Mara, MSTR, WULF, RIOT...all saw some nasty daily reversal signals.
The fact that crypto stocks sold off so greatly its showing the most speculative investors are getting cautious around this Bitcoin resistance level.
[Watch] MARA versus Bitcoin 6️⃣4️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA
Let's go over this chart 6M candles.
The idea is to have a map and an idea of what is real and not doable.
Can it move up 45$ in the next 6 months, yes it can because the asset did move that number before.
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.