BTC miners - bottom is inNASDAQ:RIOT monthly chart. RIOT, MARA, MSTR normalized to BLX. RIOT almost at March2020 lows, MARA more resilient. MSTR almost taking out 2021 ATHs.
TLDR: Rotate MSTR into miners 🙂
MARA
RIOT trade idea.If BTC uptrend in tact. RIOT has bullish post-june fundamentals. If Rate cut thesis in tact etc.
Bubble theory 🫧 BTC minersThere are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them.
There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top.
First bubble is when volume dries up as the price hits extremes.
Second is when peoples attitudes or sentiment, or opinions change to bearish. And that can happen over night, like a switch. It's interesting and finance is a social science.
Some bubbles can burst due to external events, like start of wars or some financial crisis.
There can be strong bull markets and most of times, these external events would just be noise?
> Was btc miners in bubble? And what type of bubble?
I think Yes and No? Whenever there's a risk free trade, supported by factors a bubble emerges? The price of Mara was rallying hard, trend was strong. You could argue people got over optimistic, knowing the ETF decision was a risk event. -> therefor (the burst) was sentiment driven. But also predictable?
Bubble is when too many people hold asset and there re no buyers left. Similar how a taxi driver is hype about investing.
Technical analysis gives you perspective and context. In 1st instance, impulse was too high and volume indicates crowding? It's tricky because it looks so bullish.
In 2nd instance, impulse was too low. Price action looked bullish? bubbles happen when too many people hold the shares and expect them to rise.
If 1st instance was sentiment switch driven, then 2nd time, the bubble must burst due to exhaustion (or no people left to buy... at these prices.. similar how taxi driver hops in the trade at the wrong time).
Factors and thesis can be bullish - and bubble still bursts.
Is NVDA and SMCI a bubble?
I think there is difference between NVDA, SMCI investors and their time horizon? It could be. I think people believe their investment is supported by the tech drivers. Every dip should be bought out by smart investors and these are the best assets to own in next 5-10 years.
It doesnt mean there cant be external events and risks.
again- bubble is when too many people are in investment. So bubble can burst either by them changing their sentiment or beliefs (maybe fundamentals must change?). Or if price is just so ridiculously high or there is no money left at sidelines, that trend can't be sustainable.
When markets rally - everyone only reads good news and ignores bad news. And vice versa. #HowardMarks #MarketCycle
---> The Risk-Reward buying at these tops just isn't great. That's why they burst. Accompanied by sentiment risks, that hide behind the hood.
Triple your money? In this bull market, it could triple your money. Should stay above 16.25, if it loses 16, then it could go down a lot lower.
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
MSTR oversold for a long tradeMSTR is now oversold but has a great earnings beat and the cryptomarkets surging to support
a bullish idea. The 15 minteu chart shows price sitting on support of the POC line of the
immediate volume profile. With confluence, it is above a fully horizontal lower VWAP line
that has no slope. Support and resistance horizontal zones are drawn in for reference purposes.
I will close my short position of the past day and switch sides here. The RSI indicator gives
reassurance as it has pivoted up from the bottom, especially the faster green line. Selling
volatility declared the bottom in the immediate term at the same time the relative volume
indicator printed a selling volume spiking black bar both immediately before the regular
market closed.
$MARA Ready for TakeOff! Bullish There has been a significant bullish momentum for Marathon Digital Holdings ( NASDAQ:MARA ), a prominent player in the Bitcoin mining industry. The stock has been performing well, and the company has recently reported a record-breaking Bitcoin production and mining operation for December 2023.
One of the key factors driving this bullish trend is the recent Bitcoin rally, which has seen the seen the price of bitcoin surge. This increase in Bitcoin's value has directly benefited Marathon Digital Holdings, as the company's primary focus is on mining and holding Bitcoin.
Additionally, the company's expansion of its mining operations and the acquisition of new mining sites has further fueled the bullish momentum. Marathon Digital Holdings is strategically positioning itself to capitalize on the growing demand for Bitcoin mining, and its recent performance indicates that these efforts are paying off.
The bullish momentum for Marathon Digital Holdings is driven by a combination of factors, including the recent Bitcoin rally, the company's strong performance in Bitcoin production, and its strategic expansion of mining operations. As a result, investors are taking notice of this digital powerhouse, and the stock's upward trend is a reflection of this growing interest.
Targeting the the $60 price point for profit taking. Cheers :)
Mara cooling down before the next leg upIt's been a difficult time being a Mara/BTC miner holder the past few weeks, as BTC has hit ATH's and the miners have counterintuitively been crashing and burning..
No one was expecting the BTC ETF to have the demand that it did, there just isn't enough BTC out there, post halving this will get even tighter. Historically, once previous cycle ATH's have been breached the average time for BTC to double in price is c.70 days, if this holds true we are going to see a $140k BTC by the Summer.
With that backdrop, moving onto the Miners, Mara was way over-extended and had run up too hard (As seen by the large bearish divergence on the RSI), it needed to cool down, this is just reversion to the mean and I can see it falling further to the $18-19 levels where there is historical support. I think at these levels it is a big buying opportunity and I can see this going far higher - $40 by end of April is where I see this going. The weak hands are being flushed out and it is supercharged and primed for a move higher! Let's see how it plays out :)
IBIT short-term ideal based on BTC I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me people have selling sentiment at that level and it will give people the opportunity to get in. I’m new to posting my ideals but i’ve been at it awhile. Not finical advice, do your own due diligence.
MARA KaboomMARA is a bitcoin mining company that trades at a cheap price. It adds more bitcoin to it's assets every day. This stock is probably at at least 60 bucks the next time bitcoin tests its highs in the 60s. If bitcoin is at 100k in the next few years I think this stock is well over 100 bucks. So I think there is more upside to this stock than bitcoin itself.
RIOT to $30Consolidation complete with rising BTC, this should bounce of right shoulder as support for invers H/S and run to $30
$Mara put verticalSold March 15th $24/$28 put vertical for $2.3 credit.
My breakeven is $25.7. I will receive the full
credit if the stock is above $28 by expiration.
Oversold and CRYPTOCAP:BTC is rising.
MARA Bull Flag, Simple TA based on BTC movement. If BTC runs up higher, I see no reason as to why MARA would not play out on this bull flag. We are crossing the EMA ribbon and setting up nicely. Not financial advice, DYOR.
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves.
1. Direct purchase of crypto from crypto exchange like Coinbase
2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR
3. Invest in LEAPS options on the same stocks (powerful strategy)
4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB
5. Invest in Bitcoin futures
Expect all of these to move up as BTC approaches $60,000
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
MARA: Bullish -NAVARRO 200 detectedMARA: Bullish -NAVARRO 200 detected
Two harmonic figures were detected by the Wolf of Zurich.
The divergence with the ROC remains strong
it is therefore a Bullish signal
However, monitor the Exponential Averages 50 and 200
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024.
- Breakout level is 21
- Initial target = 35-38 by early March 2024 (before earnings)
- Watch out for possible resistance around 25-27, but should break through it easily
- After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024.
~The black arrow/path is my forecast to initial target.
RIOT Buy the Bitcoin Pullback? LONGIOT on the 30 minute chart has pulled back 35% from its end-of-the-year high when Bitcoin made
a bullish move. Bitcoin has settled down and RIOT has followed that trend down. the MACD
lines are above zero while the RSI lines have settled in deep oversold territory. I see this as
a good entry for a long position with at least 50% upside and much money if taking
call options. As to the latter, I would look for a Juen expiration at a strike just below the
POC line of the volume profile which is confluent with the mean long-term VWAP. My goal is
a 500% return. The OTM call options are cheap enough to take several and then take
partial profits each time Bitcoin reaches a pivot high over the interval and maybe pick up
another when a it finds a pivot low.
Marathon Digital (MARA) Bucks Production Dip with 23% SurgeMarathon Digital Holdings Inc ( NASDAQ:MARA ) has defied expectations with a remarkable 23% surge in its stock value, despite a notable 42% decline in Bitcoin production for the month of January. The company's resilience in the face of adversity has captured the attention of investors, highlighting the enduring allure of the cryptocurrency market.
The surge in Marathon's ( NASDAQ:MARA ) shares comes as Bitcoin, the bellwether of the digital asset space, inches closer to the $47,000 mark. This upward trajectory has catalyzed a broader rally in U.S. stock market crypto-related companies, underlining the symbiotic relationship between Bitcoin's price movements and the performance of associated entities.
January's production figures for Marathon tell a tale of challenges and perseverance. Despite encountering weather-related disruptions and equipment failures leading to site outages, the company managed to mine 1,084 BTC. While this represents a substantial decline from December 2023 figures, the market's response underscores investor confidence in Marathon's ability to navigate adversity and capitalize on favorable market conditions.
The positive momentum observed in Marathon's stock is reflective of broader trends within the crypto industry. Canaan Technology ( NASDAQ:CAN ), Bitdeer (BTDR), Coinbase ( NASDAQ:COIN ), and MicroStrategy ( NASDAQ:MSTR ) have all witnessed significant gains, buoyed by Bitcoin's ascent. This collective surge underscores the growing mainstream acceptance and adoption of digital assets as viable investment vehicles.
Notably, the enthusiasm surrounding Bitcoin's price surge has been further bolstered by substantial trading volumes observed in spot Bitcoin exchange-traded funds (ETFs), exceeding $1 billion. Institutions such as BlackRock and Fidelity have emerged as key players in this arena, signaling a maturing market ecosystem and institutional confidence in the long-term viability of cryptocurrencies.
Moreover, comments from Federal Reserve officials hinting at potential rate cuts later in the year have added fuel to the market's bullish sentiment. The prospect of looser monetary policy has enhanced the attractiveness of cryptocurrencies as a hedge against inflationary pressures, further driving investor interest in the digital asset space.
In conclusion, Marathon Digital's ( NASDAQ:MARA ) resilience in the face of production challenges serves as a testament to the dynamism of the cryptocurrency market. Against a backdrop of macroeconomic uncertainties and operational hurdles, the company's ability to capitalize on Bitcoin's rally underscores the enduring appeal of digital assets as a lucrative investment avenue. As the landscape continues to evolve, Marathon's ( NASDAQ:MARA ) trajectory serves as a compelling case study in adaptability and opportunity within the burgeoning crypto ecosystem.
$WGMI - Bitcoin Miners ETF - Printing $ From EnergyNASDAQ:WGMI NASDAQ:MARA NASDAQ:WULF NASDAQ:CLSK NASDAQ:NVDA
So to keep in line with my new “printing money from Solar Energy” series, I came along this gem, an ETF w all of the Bitcoin Miners stocks.
Any financial advisor will tell you an ETF is a great way to trade an entire industry/sector while reducing unsystematic risk, AKA reducing risk associated with one individual company. (I.e, bad corrupt executives, bad accounting practices, bad management, etc.,)
This Exchange Traded Fund (ETF) is a pool of the following stocks;
1. MARA - Marathon digital
2. CLSK -Cleanspark
3. RIOT - Riot blockchain
4. IREN - Iris Energy
5. NVDA - Nividia
6. WULF - TeraWulf
APLD- Applied Digital
CIFR- Cipher Mining,
..and on and on.
This is a well diversified investment for anyone looking to get exposure to Bitcoin mining stocks while Bitcoin is breaking through its current major resistance levels, and I am SUPER UBER LONG all of them.
HUT - a crypto-mining stock setting up for a long tradeHUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or
less parallel channel and testing the lower support trendline of that channel. The last trend
down took about six weeks. A Fibonacci 50% retracement would take price to 12 while the top
of the channel resistance which is falling would be in the zone of 14. Accordingly, a long trade
could be potentially in the range of 55-100% or so over two months or less. The stop loss set below support at 5.3 would provide for a good reward-to-risk ratio. For those who follow fundamentals and catalysts, HUT has a new CEO who is a turnaround specialist.
Plan- I will watch to see the short time frame RSI in green cross over the 50 level. I will then zoom into a 60-120 minute time frame and look for an entry point with narrow-range candles also going red to green and then take a long trade with those two targets. There are no options for this stock as far as I can tell.
MARA Marathon Digital - Bitcoin play 50-100%?MARA is on the move again. Longterm 50%-100% gain to get back to previous highs. Also watch BTC cryppto also to see if Bitcoin will run to indicate MARA moves coming.
