MARATHON
Blockchain Companies: Expectation vs RealityCryptocurrency bubble?
When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality.
It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow.
The question is: to what extent has the market already priced in these negative results?
Would there be more room to fall?
Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area.
I'm not optimistic about this data, unless there's something that only I didn't see.
What is basic EPS?
Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics.
(TradingView)
--------
Companies analyzed:
Marathon
Riot Blockchain
Hut 8 Mining
Coinbase
Bitfarms
BitNile
CleanSpark
Core Scientific
Argo Blockchain
Canaan
Hive Blockchain
Digital Bit
Galaxy Digital
BIT Mining
Valour
Ebang
Greenidge
Iren
The Blockchain Group
TeraWulf
--------
ETFs analyzed:
Proshares Bitcoin Strategy
Grayscale Ethereum Trust
Grayscale Bitcoin Trust
HUT 8 Canadian Bitcoin Miner Winning During Hot Summer (Double?)Hut 8 is one of the older and experienced BTC miners that is run by some wonderful ladies in Canada where it is cold and they are using low cost energy. Texas miners are shutting down to provide electricity back to the grid. European Miners have much higher energy cost and are also unplugging. When so many machines that mine Bitcoin go off the network the ones that are left get paid much more. It is estimated that Hut 8 is earning an extra 10 to 15% Bitcoin because of other miners turning off machines. Hut is also continuing to buy equipment at low costs and are growing BTC mined per month.
Hut has burned through the Ichimoku Cloud and just retested support Friday. If the QQQ continues to squeeze those that don't believe that the Nasdaq leads 4 months before the low of the market, HUT 8 can surge like MARA and SDIG did. If you watch Krowns Crypto Cave analysis on BTC each morning then you know that BTC is setting up for a run up to 25k to 28k by the end of this month.
Wild Card Prediction - Elon Musk did sell BTC in Tesla to make payroll for those big cash furnaces in China, Berlin and Austin. He went out of his way to say he didn't have anything against Bitcoin but you know his CFO was explaining he didn't want to show a $500M asset devalue, so they sold at their cost. The other sale of BTC was for a $200M gain. Elon is sitting on a lot of cash for his Tweet excursion that likely will expire. Where will that cash go? Dogecoin, maybe, but more likely BTC.
MARA and SDIG both saw crazy moves up. So if you're looking for the next Bitcoin miner to get crazy options activity it is likely Hut 8, but maybe it will only be the poorly run BTC miners. Paul Barron Network did a nice interview of Hut 8 last month on youtube if you want to learn more about them. Bitcoin currently trades in great linkage to the QQQ but that is only likely to continue for a little longer as asset managers uncouple their trading algorithms for BTC.
MARA: 21% gain on Friday!Marathon Digital Holdings
Short Term
We look to Buy at 7.59 (stop at 6.31)
We look to buy dips. This stock has recently been in the news headlines. Trading volume is increasing. Yesterday's move higher brings an end to the run of consecutive lower highs. Previous resistance, now becomes support at 7.50.
Our profit targets will be 11.16 and 14.99
Resistance: 11.17 / 20.00 / 31.30
Support: 7.50 / 5.30 / 3.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Marathon Oil (NYSE: $MRO) Breaking For New All-Time Highs! 🛢️Marathon Oil Corporation operates as an independent exploration and production company in the United States and internationally. The company engages in the exploration, production, and marketing of crude oil and condensate, natural gas liquids, and natural gas; and the production and marketing of products manufactured from natural gas, such as liquefied natural gas and methanol. It also owns and operates 32 central gathering and treating facilities; and the Sugarloaf gathering system, a 42-mile natural gas pipeline through Karnes and Atascosa Counties. The company was formerly known as USX Corporation and changed its name to Marathon Oil Corporation in December 2001. Marathon Oil Corporation was founded in 1887 and is headquartered in Houston, Texas.
Possible BTC MovementI'll keep this one short. I thought this seemed to be the most likely movement for BTC, if people wanted to see it be bullish. I just really don't see a reason for it to be bought until it can come up a bit more or go down a bit more.
I may actually be more worried about its price if it pushes up without coming back down to atleast 36.8-39k
Check related idea if you want to see or use the Schiff Pitchfork that I am using.
$MARA looks like it bottomed, can it push to $50+?$MARA looks to be forming a bottom here in the $25 range. I expect next week will start a move up.
I think we'll likely move up to retest the 50% retracement level at $54 and reject there (potentially a little higher at $57).
Let's see how it plays out over the coming weeks/months.
The MARA Pullback Is In MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up.
Confluence
- Sitting on a 4x proven support line
- Doji signaling reversal
- RSI = oversold
Entry
- RIght now or upon the upward cross of the 8-day EMA
Target
- $52.29 in 32 days
- All-time highs by June 2022
Marathon Digital Analysis 09.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
MARA! Swing Getting a great support.
RISK AND REWARD is great as well.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price.
As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally!
Why then is that?
Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping.
Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone.
We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then?
Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled.
If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there.
As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now.
With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
Possible good entry point for GREE $GREE went through a merger with $SPRT. The merger was an absolute nightmare for holders of $SPRT. They were not given the appropriate number of shares of $GREE relative to the price of the old ticker $SPRT. Not only did they see a -50% loss the stock fell from ~50$ ipo price to where it is today ~$22-$23. Now for some possibly good news. It does look like $GREE has found support in the low 20 dollar range. In my own opinion, I can see this stock starting to climb back up because they mine bitcoin. bitcoin hit a new ath and appears to be on its way past 70k in the near future. So because you $GREE mines bitcoin their price is very heavily related to the price of $BTC.
How does this stock's Hash rate (basically the amount of bitcoin they can mine) relate to their peers. Well NASDAQ:RIOT hash rate is 2.3 EH/s they have a market cap ~3billon. NASDAQ:MARA has a hash rate of 1.9EH/s and a market cap of ~5 billion. NASDAQ:HUT has a hashrate of 1.3 EH/s and a market cap of ~2 billion.
So $GREE has a market cap of ~900 millon and a hashrate of 1.0 EH/s. It is pretty simple too see that they are undervalued relative to their peers. I am long on NASDAQ:GREE myself and am optimistic for what the future holds for them and bitcoin.
Marathon Digital Holding - MARA - Stock with a Crypto Flare!Marathon Digital Holding - MARA - Stock with a Crypto Flare! Many times this stock, MARA, follows the price movement of major cryptocurrencies such as Bitcoin(BTC). From a Technical Perspective MARA has bounced off the fibonacci golden zone and may project to the 27.2 or 61.8 projections. Edutainment Purposes Only!
Marathon Oil Entry//Targeting Metrics//
Bullish Elliot Wave will end at ~$20 on 01DEC2022
Marathon Oil has taken steps to improve earnings by cutting cost for the year 2021, that which is reflected after analyzing and comparing this company’s financials quarter-to-quarter. MRO currently benchmarks in the 91st percentile in the crude petroleum and natural gas sector. MRO’s share price has been moving downward since 01JUL2021 in tandem with a falling price-to-book ratio from 1.047 to 0.856 in confluence with a PEG ratio of .30, indicating that Marathon Oil is undervalued and can be expected to increase earnings. The beta value is currently at 3.23, indicating MRO’s movement is three times faster than the current market.
Although share price has been moving downwards, the RSI (at seven-day intervals) hasn’t dropped below fifty percent on the weekly and monthly intervals while also bullish divergence can be seen on the weekly time frame, thus indicating continued bullish fervor. ATR is also divergent on the 4H interval from this stock’s downward trend since 28MAY2021, indicating a sentiment for a major bullish capitulation.
Share price has been consolidating below the 200 EMA on the 1D interval since 20JUL2021. Bullish capitulation will hinge on a positive earnings report on 03AUG2021 with continued bidding.






















