Marathon Digital is a Bitcoin Mining stock with ~18.5% short interest. Stock is primed for a short squeeze, looking for the share price to breakout vs bitcoin price. Targeting a share price that is .15-.20x btc price /100.
We are witnessing a breakout of bitcoin vs most major asset classes. Chart depicts breakouts vs. Silver, Gold, Nasdaq, SPX, and Treasuries. 2021 is going to be very interesting.
AGI looking set for major breakout, ultimately targeting a move to 18.26. Buffet capitulation is a major bull signal of capitulation. Gold has just started breaking out and AGI has hardly moved.
Gold Miners remain historically attractive relative price of gold. GDX should outperform gold as the bull market continues with next target ratio of .03.
Real Assets and cold food storage should prove to be strong performers during period of continued money printing and Covid-19 concerns. Look for the next wave to begin.
Do we have an ascending triangle on Link? If so, apparently Zeus Capital will be forced to liquidate their short position at $9.63. Could get very interesting.
A convincing break of 10,400 on bitcoin will be the signal for a monster breakout in bitcoin. If this happens, I would expect all time highs likely by year end. Activity in precious metals is starting spillover to crypto.
This is what happens when you run up government debts, print money, go off the gold standard and have an unfortunate schmelting accident. Wave 5 underway.
