Marathon Digital $MARA measured against the VIX
The favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of 
BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report.
What's interesting here is how tightly it follows the
VIX. For the purpose of emphasis on this, the VIX chart at the top is inverted.
At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.
Merry Christmas and a Happy New Year!
🎄🎅🎄
BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report. What's interesting here is how tightly it follows the
VIX. For the purpose of emphasis on this, the VIX chart at the top is inverted. At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.
Merry Christmas and a Happy New Year!
🎄🎅🎄
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.