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Dec 27, 2023 9:53 PM

Bitcoin & Mara: Massive Divergence 

Marathon Digital Holdings, Inc.NASDAQ

Description

Is Mara about to make everyone a millionaire?

At the rate its going, it absolutely looks like it.

Mara has moved up an extra 100% despite BTC not taking out its daily high close on December 5
Comments
BosTrader1
Descent thinking but you miss the fact that last time bitcoin was at 44k, MARA was trading at $30-$32. This was also when MARA had 30% less btc in its treasury, 50% less hashing capacity and 2x debt. The stock has been artificially suppressed and compressed thus the recent explosion to the upside. My suggestion is to look at this stock in Log, which paints a different picture. We are headed to $100+ before any major pullback imo, GL
Needlez33
I totally agree with how overbought it is, but I don't think this pullback will be as steep as the one you compared it with. The problem with the comparison is that they're not exactly the same. Sure the RSI peaked but the bars and the RSI itself look different at the time so I wouldn't expect the same to happen this time around. Like you said it's never been this overbought and the pullback that's coming might surprise you as well. Perhaps a 2 call to 1 put ratio might be in order because like you i like to be careful
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