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MARATHON DIGITAL HOLDINGS INMARATHON DIGITAL HOLDINGS INMARATHON DIGITAL HOLDINGS IN

MARATHON DIGITAL HOLDINGS IN

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MARA trade ideas

MARA, be ready at 28Folks, I have used this title many times. it looks like that 28 is somewhat very important line for MARA. Though Bitcoin is not looking good right now, but I think BIT would stay above 30K, psychologically speaking institutionals buy at this level, and I think MARA may re test 28 soon or even lower, but I see no danger ahead. But if BIT resume the up trend MARA could go back to 50 in no time. WHY? As long as BIT stay above 30K, MARA and RIOT are the only MAJOR plays left. And according to the chart, correct me if I am wrong, it is an up trend. Other Chinese and Canadian miners are Shi... No judgments here, I have had many of them. MARA is, at this stage, surprisingly STABLE, why? Because people HLOD MARA and RIOT. This is not valide assesment for other Bitcoin miners. I am pretty sure, that future bitcoin ETFs are and will BUY them regardless their prices. PS. I owned MARA since 2.5; and I try to be as objectif as possible.
NASDAQ:MARALong
by wuweiparis
4
C&H or bullish island reversal patternI'm a long term $Mara bull. Here's my quick overview of the chart. I have two scenarios on Mara, one is a cup&handle and other is bullish island reversal pattern; link below for island reversal. www.investing.com FYI: Remember $Mara Correlates with BTC Scenario #1 we fail the support mara fills the gap at 27 area, there I would scale into calls... Scenario # 2 If Mara holds support with strong BTC sentiment, my PT is around 33-36-39 in the coming weeks. Support A. 30.10 Support B. 29.15 Support C. 27.45 Support D. 26.96 Resistance A. 30.79 Resistance B. 31.50 Resistance C. 32.09 Resistance D. 32.90
NASDAQ:MARALong
by carreraluu
1
Marathon Digital Holdings WeaknessMarathon is displaying one sign of weakness after another. It just broke out of its ascending channel, which disqualified both the lower bullish red RSI buy signals that we got recently, both on the hourly and the daily chart. This is bad news. Real bad. Especially so as it now leaves the daily RSI in a much weak position, one that paves the way for further drops to the downside. Additionally, what we thought to be an initial ABC Elliott correction seems to rather be a 12345 correction. If Bitcoin were to drop down towards the low to mid 20 000s, then Marathon should stand a good chance of hitting its 5th wave target around the horizontal support at $14,00-14,50.
NASDAQ:MARA
by LongLifeTrading
MARA, be ready at 28?Folks, this is a very objectif analysis. I think we all need to answer questions below to yourself before jump in. In theory, we have entered a consolidation period, where 70% buyers are investor. We are at the Base 1 level. Facing the new parabolic jump that we have here: Do we have a clear break out? Is the trend changing? Could it go to 28 for now? Is this temporary and a Bull trap? Is bitcoin fall will continue? 27K? Where Mara will be then? We can expect a buy in between 23 to 20,with sopt loss at 19. We are very close too recent over brought level.
NASDAQ:MARA
by wuweiparis
MARA One Of The Largest Bitcoin Miners In North America 10% upOn May 24, Marathon Digital Holdings Inc., (NASDAQ: MARA) announced plans to build a new bitcoin mining facility in a binding letter of intent with Compute North. About the partnership The new data center will be home to 73,000 OF Marathon’s previously purchased ASIC bitcoin miners as part of a 300-megawatt data center located in Texas. Marathon will be required to provide Compute North with an 18-month bridge loan of up to $67 million in order to build the facility. The contract will last for three years and every year the amount will increase three percent thereafter. It is expected that once all its miners are installed, the harsh rate will be about 10.37EH/s. Moreover, the company’s average mining cost for hosting services, electricity, data center management, and other hosting-related services will be $0.0453 per kWh, and Marathon’s operations will be 70% carbon neutral. “Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “This agreement sets us on a clear path to becoming one of the largest, most efficient, and most environmentally conscious Bitcoin miners in North America. Additionally, the structure of this agreement is highly advantageous as it allows us to have the necessary infrastructure for our miners built without the capital expenditure, and it provides us with the flexibility to explore alternative locations, should we require them, while mitigating the risk of price increases. “Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with our long-term objective being to obtain a 100% carbon neutral footprint.”
NASDAQ:MARALong
by FDGT_academy