MARA - All eyes on BitcoinMara has been moving in this descending range throughout the duration of this bear market. If Bitcoin continues to pump we could leave this channel to the upside and establish new support levels. If not, and we see a wider crypto correction or macro headwinds, I think it presents a good opportunity to long sub $5.
MARA trade ideas
Marathon's $178.6M Acquisition Supercharges Bitcoin Mining PowerMarathon Digital accelerates Bitcoin mining dominance with a $178.6M acquisition, doubling capacity, cutting costs by 30%, and preparing for 2024 halving.
Marathon Digital Holdings has announced the acquisition of two Bitcoin mining sites for $178.6 million. This strategic purchase from Generate Capital is set to bolster Marathon’s mining capabilities considerably, especially in anticipation of the upcoming Bitcoin mining reward halving in 2024.
Doubling Down on Capacity and Efficiency
These newly acquired sites in Texas and Nebraska add a combined 390 megawatts to Marathon’s existing capacity. This expansion is not just about size; it’s also a leap towards greater operational control and efficiency. Previously, 97% of Marathon’s capacity came from third-party data centres. Post-acquisition, the company will own and operate 45% of its 910 megawatts, marking a significant shift towards greater autonomy.
Cost-Effective Mining and Expansion Potential
The deal is to reduce Marathon’s cost of mining a single Bitcoin by 30%, substantially improving profitability. The sites offer an immediate expansion potential with 82 megawatts of vacant capacity. Furthermore, as existing hosting clients vacate, Marathon plans to deploy additional equipment, aiming to double its operational hash rate to 50 exahashes in the next two years.
Marathon Digital’s Prudence in Preparation for Halving
Marathon’s approach to this expansion has been marked by financial prudence. The company’s Chief Financial Officer, Salman Khan, highlights the deliberate increase in cash and Bitcoin reserves while keeping debt low. This cautious fiscal strategy aligns with the company’s preparation for the Bitcoin mining reward halving event in 2024.
Marathon’s strategic moves have been reflected in its financial performance. The company reported a 670% surge in year-on-year revenue for the third quarter of 2023. This growth translated into a substantial increase in Bitcoin production and a net income of $64.1 million for the quarter, as stated in their November 8 results filing.
[Watch] MARA versus Bitcoin 5️⃣9️⃣| Year to date:455,31%What is going on Team NASDAQ:MARA
Let's look at Hawkeye Traders turning green (monthly chart) for the first time since August 2020.
I include in this video J.R.'s Roadmap in 2024.
Simple to follow and yes, I am not using any stop loss, but you need to evaluate your risk and objectives.
Keep your focus so you can make it happen.
Breath and flush those negative emotions.
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.
MARA Marathon Digital - Watch list for Portfolio builder? 70%When building a portfolio, we are looking to add assets that have the potential to grow in value. MARA is starting to show signs of bullish momentum as it is breaking above the Daily 200 EMA and 50 EMA. The distance to the recent highs is about 70% higher than the current price. MARA is also showing positive net income.
[Watch] MARA versus Bitcoin 5️⃣8️⃣| Year to date:309,22%What is going on Team NASDAQ:MARA
Let's think about cause and effect.
Everyone is looking for Fibonacci Projections; I am not.
I want to know how far the asset can run after the last three months of resting.
Yes, in July, August, and October the asset recharged its battery and now it is ready to go.
All you have to do is endure and withstand the aggressive pullbacks and keep your faith.
How do you do that?
You do that when you do not leverage your positions.
You do that when you invest and trade with your spare cash.
That's how you take heat and hate from everyone including your family and keep going until you achieve victory.
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.
$RIOT Entry Point?Check out the chart it isn't too much but if you were trying to capitalize on NASDAQ:RIOT or NASDAQ:MARA this pullback looks like a nice spot to do it, i am personally observing the price while being in two longer trades until April but i'm looking to snag some more profit off of BITSTAMP:BTCUSD by capturing it through NASDAQ:RIOT or NASDAQ:MARA , so keep your eyes peeled.
-Mindless
Marathon Digital Mining Stock Head and Shoulders pattern
Simple Head and Shoulder pattern playing out before the BTC halving. Prior to last ATH for MARA there was a Head and Shoulders that played into the ATH. You can see around $20 MARA would break the neckline and then there is a bit of resistance before hitting ATH.
MARA Elliot Wave MARA found a bottom of $3 before bouncing to $20 within a few months.
I have a suspicion that we may still be in the impulse wave of this new move from the bottom, currently moving into its last phase before a corrective wave.
According to Elliot Wave theory the second phase of the move cannot be the shortest (from 2 to 3) , as such it gives me an idea that we may still have one more push up.
It also has a potential to create an inverse head / shoulder pattern on the longer time frame while moving closer to the Bitcoin halving. It may only be a matter of time before this stock really makes a huge move.
Namaste
MARA | Incoming Short Squeeze? | LONGMarathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
Marathon Digital's Alignment with Bitcoin's Price Momentum
In the intricate world of cryptocurrency and blockchain stocks, Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) presents a case study on timing and market synergy. we as investor eyeing the Marathon Digital landscape throughout the year has, through strategic patience, capitalized on an almost impeccable entry point at $7.31. This level of technical preciseness suggests a robust understanding of the symbiotic relationship between MARA's stock movements and the prevailing trends of Bitcoin (BTC).
The market dynamics of crypto-related stocks like MARA often reflect a reciprocal influence with the price fluctuations of Bitcoin—both a mirror and a shadow, each can occasionally lead the dance. What's particularly noteworthy is how this relationship aligns with technical analysis patterns observed in MARA's stock price. The bullish impulse that set the stage at the end of 2021 culminated alongside Bitcoin's peak, marking the completion of a significant upward trend for Marathon Digital Holdings.
As 2022's concluding month took the stage, we observed the trough of Wave 2—a correction phase in Marathon’s pricing structure—framing the anticipation for subsequent movement. From this inflection point, the market witnessed the unfolding of four small waves; the current progression indicates that MARA is charting the upward trajectory of the smaller Wave 5, which forecasts a potent advance toward the $34 to $50 region.
Understanding this progression is fundamental: It's akin to a fractal pattern, where minor waves accumulate momentum within larger waves—similar to the way smaller boxes nest within larger ones. Each wave builds upon its predecessor, carrying the potential to trigger the onset of greater market movements.
In layman's terms, this not only presents a fascinating visual but also signifies the potential for each wave to escalate to a higher level, amplifying in magnitude and impact. For MARA and crypto market enthusiasts alike, comprehending these patterns is pivotal in anticipating future developments.
By recognizing the rhythmic cadence between MARA's performance and Bitcoin's pricing patterns, savvy investors can strategize entry and exit points with an informed approach. Identifying these crossovers and divergences between crypto miners and digital currency trends becomes an essential tool in the arsenal of modern investment techniques.
[Watch] MARA versus Bitcoin 5️⃣7️⃣| Year to date:312,05%What's going on Team SKILLING:US100 : MARA
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job, and save money so you can invest in this opportunity.
I know there are other mining companies in the US, but Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading 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.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never 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. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
MARA Chart DynamicsLet's integrate the recent RSI movement into our ongoing analysis for Marathon Digital Holdings NASDAQ:MARA
RSI Crosses Up - A Melodic Shift:
The Weekly Relative Strength Index (RSI) crossing up its moving average is akin to a change in musical tempo. It signals a potential shift in momentum, adding a harmonious note to the overall uptrend symphony.
RSI at 57.89: A Balanced Tune:
The RSI level at 57.89 signifies a balanced market. It's like the melody hitting a sweet spot - not too overbought, not too oversold. This can often be a conducive environment for a sustained uptrend.
Confirmation of Strength:
The RSI crossing its moving average is a confirmation of the strength we've been observing in other indicators. It's like the drums joining in, reinforcing the rhythm of potential upward movement.
Combining Forces:
When we blend the RSI's positive movement with the previously noted indicators - the curled-up Accumulation Distribution line, the candle above SMAs, the reverse head and shoulders, and the potential Golden Cross - it creates a more comprehensive and robust uptrend narrative.
Final Note:
As MARA's chart continues to unfold, the confluence of positive indicators enhances the potential for sustained upward movement. However, as always, careful monitoring and confirmation from various aspects of technical analysis are crucial.
Conclusion:
The recent RSI crossover adds a harmonious touch to MARA's uptrend symphony. With multiple indicators lining up, the potential for sustained upward movement becomes more compelling.
$MARA down again to $6-8 before up?Similar to my thoughts on NASDAQ:RIOT , I also think NASDAQ:MARA likely has another leg down before starting the uptrend higher.
I think most likely scenario is price tests the $10.43 level once more, rejects, and falls to retest the lows.
After retesting the lows in the gray box, then we start the real rally higher.
If this idea does play out, my current thinking is that the rally higher would be quick in early December hitting between $16-20 as the final move higher.
This idea lower would be invalidated on a move higher than that $11-12 region.
Let's see what happens.
MARA Marathon Digital Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 8usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.