MARA CALLLast day's green close seems to confirm trend reversal. The price will probably spend time consolidating on a support zone before rallying to a $22 demand area. If break out is successful, the rally should continue to $30 demand zone.
M44 trade ideas
MARA - NOW NOT THE TIME TO GET SHAKEN OUT.. $140-$200 COMING Now that the bitcoin ETFs are past 90 days of trading, big money RIAs (registered investment advisors) will be able to start dipping their toes. Along with Hong Kong, UK, and now South Korea announcing exposure to ETFs, no one is prepared for the demand shock!
MARA forming an ascending triangle with a fake breakout to the downside just before the halving.. We have been doubling down into the halving with MARA.. NOW IS NOT THE TIME TO GET SHAKEN OUT.. NFA.. DYOD.. GL.. LFG!!! 🚀
MARA: Undervalued IMOMARA is a Bitcoin Mining Business that makes money from mining bitcoin and selling it on the open market. Anyone can mine bitcoin, but not at the levels MARA can putting them in a unique position to capitalize on the halving and higher BTC prices.
Recently I watched an interview that I'll share below with Fred Thiel in regard to the future of MARA. He talks about a reservation business that will allow institutions and individuals to reserve a spot in line to get a newly mined BTC. This is crucial because as the halving occurs and demand stays at record highs, MARA will have the ability to sell BTC at a premium to their customers as there will not be enough BTC on the market, so they will need to pay a premium for it. The ETFs are gobbling up BTCs, I wouldn't be surprised if there begins some speculation that a Blackrock or Fidelity will look into the buying one of these miners to gain access to the bitcoin network and have the ability to mine their own BTC rather than buying on the open market.
I think MARA will begin to run as the dilution has been priced in and as long as BTC continues to rise, I have faith MARA will follow.
I believe it is currently bouncing off its support level, getting ready for another rise.
$27+ by the end of March is my estimate.
DYOR, this is not financial advice.
marathon digital holdings long potential wave e of a triangle in play as long as we can hold right now this makes for a very small risk for a high reward trade..
$MARA - Might be time for MARA If history is to repeat itself, it might be time for MARA to make a move!
is it weird to chart this?Would like to accumulate and sell around $26.53 and $28.61. No more no less. A lot can change in 2 months.
Inverse head and shoulders MARA is forming an I-H&S pattern on the 1 hour time frame. Brake of the neck line is around 28. Brake below could send price to 17.5.
$MARA - Cup and handle base breakoutNASDAQ:MARA Hourly chart cup and handle base breakout with a neckline retest. I could see it launch to $26 near term.🚀
Don't marry this stock just trade the pop.
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Marathon Digital ($MARA) Spikes 5.53% Amidst Bitcoin Volatility Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) stands out as a key player in the Bitcoin mining sector. With recent developments in the company's expansion efforts and the volatile nature of the crypto market, investors are left wondering whether MARA stock is a lucrative opportunity or a risky bet.
Expanding Bitcoin Mining Infrastructure:
Marathon Digital's ( NASDAQ:MARA ) recent agreement to acquire a Texas-based Bitcoin mining data center for $87.3 million demonstrates the company's commitment to expanding its mining operations. This strategic move is aimed at bolstering Marathon Digital's mining capabilities and positioning it for potential growth as Bitcoin continues its ascent.
Profitability Amidst Market Volatility:
Despite the inherent volatility of the cryptocurrency market, Marathon Digital has proven its resilience by maintaining profitability even during challenging times. With earnings of 74 cents per share in the fourth quarter of 2023, significantly surpassing analysts' expectations, the company has shown its ability to navigate through crypto market fluctuations.
Strong Financial Position:
One factor that sets Marathon Digital ( NASDAQ:MARA ) apart is its robust financial position. With $357.3 million in unrestricted cash and cash equivalents as of the end of last year, along with substantial holdings of Bitcoin, the company is well-capitalized to support its expansion plans. This financial stability provides investors with confidence in Marathon Digital's ability to execute its growth strategy effectively.
Riding the Bitcoin Wave:
As Bitcoin's price continues to soar, Marathon Digital ( NASDAQ:MARA ) stands to benefit from the increased demand for Bitcoin mining services. Analysts have speculated that Bitcoin could reach $90,000, which could lead to a significant uptick in Marathon Digital's stock price. However, investors should be prepared for a roller-coaster ride, as the cryptocurrency market is known for its volatility.
Considerations for Investors:
Investing in Marathon Digital ( NASDAQ:MARA ) stock requires a bullish outlook on Bitcoin and a tolerance for risk. While the company's profitability and strong financial position provide a degree of stability, the inherent volatility of the crypto market means that share prices can fluctuate dramatically. Additionally, the acquisition of the Bitcoin mining data center adds another layer of risk, albeit with potential rewards.
Technical Outlook
Marathon Digital ( NASDAQ:MARA ) stock is trading above the 200, 100 & 50-day Moving Averages (MA) respectively with a Relative Strength Index (RSI) of 53 indicating a start of a bullish breakout. further ascertaining the Bullish trend is the Head and Shoulder pattern depicted on the chart.
MARA flag breakout upward, testing 38,2 fiboAfter decreasing volume a flag was created, where price tend to stop in the EMA, and today we get a breakout with volume rising.
This candle is also breaking the resistance that was created before by the pattern, after being crossed.
After the flag breakout the RSI rise above 50.
We can see the Fibo, and the buyers are pushing the 38,2%, with a possible upward trend.
MARA - Follow the BTC Seasonality - Swing TradeBTC Seasonality says bullish in February.
Added Mara small from 15s .. 16s. and increased my position on today's move.
MARA might have bigger targets but my trade is a small swing trade for Feb month alone.
Stop Loss - 15
Target #1 - 25
Target #2 - 30
MARA price prediction for 2024Thesis: NASDAQ:MARA (Marathon Digital Holdings Inc) largest mining company in North America holds 16,930 BTC worth $1,173,404,248 before halving ( nearly 0.081% of total supply 21M). Potential impact of post-halving BTC price can raise their profits significantly.
Feel free to share your insights on this stock in the comments section below. Your input is valued and appreciated!
target price: 40$-50$ per share
"it's a marathon and not a sprint"
Note: not financial advice
MARA may be a small tradeMARA needs to get a close over the 9ema AND the next day show strength for a buy in. Could be a short 4 - 7 day hold for a few bucks.
BTC vs. MSTR vs. CLSK vs. MARATimeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
BTC MARA MSTR CLSKTimeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
MARA, crypto miners bubble hypothesis. Rollercoaster P.A.Interesting concept @ MARA and miners. How stocks move conceptually, dont need to take it at face value. When public gets in and it's euphoric is a bubble indicator. Perception of stock to fly etc. And then return to earth.
$MARA - Back above the trendlineNASDAQ:MARA is back above the trendline and recently broke out of the descending wedge with a measured move of $25. 👀
MARA Ready for blast-off?!?Good day traders! Are we on the cusp of miners exploding to the upside? I think so!! We are about to embark on wave 3 impulse and based on last cycle, all indicators point to $200 target.
MARA 23/03/2024 A breakout candle occurred. Now we should build a position at this level. It is struggling to break the EQ level. However, it can find support from imbalances. 18.27-17.64 imbalances worked really well.
If we stop out, we should be ready at RL and d imbalance below to become a buyer again.
MARA not happening (Short)With the recent rise of BTC you’d think that the miners would move in tandem, one of the problems with the miners is that after the halving their job is going to get 2x harder. As you can see from the recent price action it hasn’t been a good play if tracking the price against BTC.
On the 1d chart MARA looks like it’s in the latter stages of a head and shoulders pattern, H&S is a bearish pattern possibly indicating further downward movement. Even though the H&S hasn’t confirmed I wouldn’t be a buyer here.
Taking a fib from the Dec 2022 los to recent high puts the 0.618 (Golden pocket) at around 15, adding a 200 EMA to the chart adds an interesting level we could see a small bounce from (around 16.27) before possibly heading lower. Confirmation of H&S points towards the 0.786 (sub 10) to a support level around 7.22.
Retracement levels, 16.27, 9.74, 7.22
BTC miners - bottom is inNASDAQ:RIOT monthly chart. RIOT, MARA, MSTR normalized to BLX. RIOT almost at March2020 lows, MARA more resilient. MSTR almost taking out 2021 ATHs.
TLDR: Rotate MSTR into miners 🙂
