Last day's green close seems to confirm trend reversal. The price will probably spend time consolidating on a support zone before rallying to a $22 demand area. If break out is successful, the rally should continue to $30 demand zone.
Now that the bitcoin ETFs are past 90 days of trading, big money RIAs (registered investment advisors) will be able to start dipping their toes. Along with Hong Kong, UK, and now South Korea announcing exposure to ETFs, no one is prepared for the demand shock!
MARA forming an ascending triangle with a fake breakout to the downside just before the halving.. We...
MARA is a Bitcoin Mining Business that makes money from mining bitcoin and selling it on the open market. Anyone can mine bitcoin, but not at the levels MARA can putting them in a unique position to capitalize on the halving and higher BTC prices.
Recently I watched an interview that I'll share below with Fred Thiel in regard to the future of MARA. He talks...
NASDAQ:MARA Hourly chart cup and handle base breakout with a neckline retest. I could see it launch to $26 near term.🚀
Don't marry this stock just trade the pop.
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Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) stands out as a key player in the Bitcoin mining sector. With recent developments in the company's expansion efforts and the volatile nature of the crypto market, investors are left wondering whether MARA stock is a lucrative opportunity or a risky bet.
Expanding Bitcoin Mining Infrastructure:
Marathon...
After decreasing volume a flag was created, where price tend to stop in the EMA, and today we get a breakout with volume rising.
This candle is also breaking the resistance that was created before by the pattern, after being crossed.
After the flag breakout the RSI rise above 50.
We can see the Fibo, and the buyers are pushing the 38,2%, with a possible upward trend.
BTC Seasonality says bullish in February.
Added Mara small from 15s .. 16s. and increased my position on today's move.
MARA might have bigger targets but my trade is a small swing trade for Feb month alone.
Stop Loss - 15
Target #1 - 25
Target #2 - 30
Thesis: NASDAQ:MARA (Marathon Digital Holdings Inc) largest mining company in North America holds 16,930 BTC worth $1,173,404,248 before halving ( nearly 0.081% of total supply 21M). Potential impact of post-halving BTC price can raise their profits significantly.
Feel free to share your insights on this stock in the comments section below. Your input is...
Timeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
Timeframe matters... CLSK outperforms MARA so far this year, but is that based on fundamentals or pumponomics... i.e. influencers pumping to retail?
I mean why is CLSK CEO dumping millions worth of stock on the pumps... BEFORE the halving?
Interesting concept @ MARA and miners. How stocks move conceptually, dont need to take it at face value. When public gets in and it's euphoric is a bubble indicator. Perception of stock to fly etc. And then return to earth.
