$RIOT Entry Point?Check out the chart it isn't too much but if you were trying to capitalize on NASDAQ:RIOT or NASDAQ:MARA this pullback looks like a nice spot to do it, i am personally observing the price while being in two longer trades until April but i'm looking to snag some more profit off of BITSTAMP:BTCUSD by capturing it through NASDAQ:RIOT or NASDAQ:MARA , so keep your eyes peeled.
-Mindless
MARA
MARA | Incoming Short Squeeze? | LONGMarathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
[Watch] MARA versus Bitcoin 5️⃣7️⃣| Year to date:312,05%What's going on Team SKILLING:US100 : MARA
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job, and save money so you can invest in this opportunity.
I know there are other mining companies in the US, but Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
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Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
$MARA down again to $6-8 before up?Similar to my thoughts on NASDAQ:RIOT , I also think NASDAQ:MARA likely has another leg down before starting the uptrend higher.
I think most likely scenario is price tests the $10.43 level once more, rejects, and falls to retest the lows.
After retesting the lows in the gray box, then we start the real rally higher.
If this idea does play out, my current thinking is that the rally higher would be quick in early December hitting between $16-20 as the final move higher.
This idea lower would be invalidated on a move higher than that $11-12 region.
Let's see what happens.
Crypto Gold Rush: Unveiling BlockQuarry's Explosive PotentialAlright, folks, we're diving into the BlockQuarry (BLQC) charts, and it's turning into quite the thriller. Picture this: every time our modified Golden Ratio indicator winked with a Golden Cross, it's been like setting off fireworks.
First stop, December 2020 – a rocket launch. In 72 days, we witnessed a jaw-dropping 2329% gain. Then, cue July 2021, and déjà vu hit with a 779% gain in 77 days. Fast forward to January 2023, another Golden Cross, another quick 129% gain in just 21 days. Now, here we stand, on the brink of Golden Cross number four.
But here's the kicker – every time this happened, we saw the price bust out from a bullish flag. It's like the market whispering, "Hold onto your hats, we're gearing up for something big."
And here's the plot twist – zooming out, we've got this falling wedge pattern. It's like a coiled spring ready to explode. The price is teasing us, right under the resistance from the upper line of the wedge, signaling a potential breakout any moment.
Now, let's throw Bitcoin into the mix. The whole crypto scene is heating up, and these miners, like BlockQuarry, could be the wild cards in this high-stakes game. Bitcoin's rise could be the wind beneath their wings, turning this into a high-risk, high-reward play.
And if that's not exciting enough, over the last two weeks, more folks are jumping in to buy, and there's a distinct lack of sellers. It's like the crowd is getting fired up, sensing the potential for big moves.
But, and it's a big but, let's not forget this is high-risk territory. It's the kind of play where fortunes can be made or lost. Keeping a keen eye on volume, anticipating that breakout from the falling wedge, and staying tuned to any Bitcoin tremors or company updates is the name of the game.
It's a bit like being in the front row of a rock concert, and BlockQuarry is the headliner. Fasten your seatbelts, because this could be one wild ride in the high-risk, high-reward world of crypto mining stocks. Happy trading, adrenaline junkies!
MARA Marathon Digital Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 8usd strike price in the money Calls with
an expiration date of 2023-11-10,
for a premium of approximately $1.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$MARA capitulation, then strong bounce to new yearly highs?I've been tracking the movement of NASDAQ:MARA very closely over the past few weeks as I think the setup will end up being one of the best possible trades over the next month or two.
I originally turned bullish on it a bit too early last week, but the chart has become clearer over the past week or so as it hasn't been able to gain any strength.
From here, I think we'll see a capitulation in price over the next week going into the lower support area (buy zone).
From there, I think we'll see a very strong upside move in September that pushes price all the way up to the upper resistance (sell zone).
If you're able to trade it perfectly, it would setup a potential return of somewhere between 2x-3x (hence why I think it's one of the best trades).
Let's see if it plays out.
$MARA - Bull or Bear?NASDAQ:MARA
I like the stock and currently hold.
I personally feel one more high to $28-$33 (Could extend past this). Then potentially fall to sub $3.
The new lows present an opportunity for big money to buy miners whilst exceptionally low in value. The current fair value price for NASDAQ:MARA is $9.59. Anything below this is deep value in my opinion.
Whilst I know institutions are accumulating at record levels, the exchange traded volume is dropping off.
Based on Elliot Wave, I am optimistic we are currently in a Wave 4 with the Wave 5 low expected to be in the region of $1.80 - $2.20.
Although Miners Revenue is at a near record high, Miners have a tenancy to fall before a BTC halving and then reach new highs following the halving.
ETF approval is expected soon - It may give Institutions time to manipulate BTC and ETH prices before the halving or send the miners on a parabolic course with 'new money' entering the crypto market.
For clarity the blue vertical lines represent the BTC halving points. NASDAQ:MARA did not run on it's July 2016 halving as this appears to be a 'new entry' pattern. On the third BTC halving, it ran to new highs within months of the May 2020 BTC halving. This also backs up my theory we will see lower lows, before new highs, ahead of the next BTC halving (exp April 2024).
I hope I am wrong with lows coming given I will not be selling, but a wave 5 move down would form a primary inverse head and shoulders and would be an ideal area to load up on stock and long term options!
God speed!
**This is not financial advice**
$Mara - Following Bitcoin BullishIm looking for NASDAQ:MARA to join the pump train for a move higher to 14 then 18/19 before the year end.
Crypto has been on a pump with strong fundamental news. These crypto mining stocks for the most part has been consolidating as they are headed into earnings. We could potentially see a pop on earnings following the move on crypto.
Adversely we could see a dip on earnings however that wouldnt change the overall bullish trend. Taking a further out contract would mitigate that risk.
#Coin sub $100?Is Coinbase signalling further #Crypto weakness
Head & Shoulders
Currently in a bear diamond BOX , consolidating before further weakness?
We need monitor the equities that are directly exposed to the #crypto markets #Mara #Mstr and galaxy digital to give us clues to what insiders are doing and so called smart money.
$Coin is in Trouble Headed into NFP next weekNASDAQ:COIN much like many of the crypto stocks pumps are steadily meeting strong resistance as the result of the sell down.
Although Bitcoin and several crypto names went on a pump on etf news. There still a ton of downside that is likely to fill as we examine structure.
80-85 strong overhead resistance.
Still trading within our strong weekly bearish engulfing candle (5 weeks now)
Potential Bear Flag Under Resistance
Next level of support is around $50.
I would like Nov 24-Dec 1st puts to come active on this next week as we head into NFP.
Ideal entries back around 80
NASDAQ:COIN
What if to MARA Never Comes MARA - Marathon Digital Holdings
We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last.
THIS TRADE:
18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance).
Bullish Developments on the chart:
- Price above the POC means strong underside support
Point of Control (POC) is the price level at which
the greatest number of contracts have been traded
within a volume profile.
- Above 200 day SMA means further strong underside support along side POC line. The 200 day
SMA has not turned upwards yet and I would be much happier is this would materialize.
- We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort.
FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow.
Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size.
Some Fundamentals to help MARA stick in the mind
- 2nd largest public bitcoin miner
- MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point
- Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln
- MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures.
Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter
PUKA
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR
- Inverse Head and Shoulders breakout & retest?
- Above 200 day SMA with turn up
- OBV increasing
- On daily chart we are above the Point of Control which
aligns which closely with purple horizontal
- We could see a retest of this line so I would be DCA'ing from
here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here.
In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also.
Fundamentals (for fun and stamping the stock into our mind):
- CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player
- Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs)
- Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023)
- CIPHER announced record production during the month of May 2023. It appears things are just heating up.
Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering
“We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
*** $MARA 2025 Plan **** NASDAQ:MARA 2025 Plan probable path for Mara which will correlate with CRYPTOCAP:BTC chart current going for right shoulder in wave c bottoming.
Will start buying 10& 12 calls for jan 17 & then some pullback around 11 that time will buy long term calls for 60 ,90 for Mar/jun 2025
$WULF Long, falling wedge, breakout ?Falling wedge pattern on the 4hr, next 3 days may see a test of the wedge top and hopefully breakout.
Last few falling wedge patterns i published did not pan out, ;)
Falling wedges are loosing appeal for me -!
The miner stocks NASDAQ:RIOT NASDAQ:MARA NASDAQ:WULF are not behaving parallel with BTC, so this is all speculation.
Thanks again