MARA
[Watch] MARA versus Bitcoin 5️⃣6️⃣| Year to date 137,43%Year to date ⤴️137,43%
What's going on, Team NASDAQ:MARA
I am back baby...!
It seems everyone is giving up; why?
This time our time horizon is 18 months, and I have 2 key profit-taking levels I want you to draw on your charts.
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, still 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
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
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.
Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin.
I follow the same logic for crypto ETFs, in which I analyzed this link:
The correlation shown here is a little lower compared to ETF's.
🐔I think that the price will make a hen fly, and then fall more strongly🐻.
MARA - Potential 85x-100x return?!Potential decade-long inverse H&S playing out.. Could see $160 by halving and $600-$900 blow-off top sometime in mid/late 2025.
The volatility on this stock is no joke. Most will not be able to handle it. If you have the stomach and the balls, you will be rewarded. GL
Is this a good time to buy RIOT ? LONGRIOT has had a downfall in the past month on the 1H chart. The crypto
market had a resurgence and is now in the dog days of crypto summer.
The MACD shows some bullish divergence.
The volume profile shows most of the buying was in the 16-17 range. RIOT
is far below that with relative volume voids in any movement back to that level.
I see this as a long trade setup with 30-40% upside on the stock and much more
in a one or two month call contract. If you would like to know my parameters on
a long stock trade or call options please leave a comment. ( please also see
my BTBT post, like and subscribe).
BTBT reversal pattern from deep oversold territory LONGBTBT on the 15-minute chart hit the dynamic resistance of the upper +1 VWAP line about
August 1st and fell in a VWAP breakdown through the mean VWAP while also heavily beating
earnings estimates into the underlying dynamic support of the lower -1 VWAP line earlier
today. I see this as an early reversal for a long trade setup with the first target the mean VWAP
at 17% upside and the second target the pivot highs of August 1st at 35% upside while setting
a stop loss @ 2.52. I have profitably traded BTBT in the recent past. I see the opportunity
to do so again. If you would like to know my call options contracts on this, please leave
a comment. These are very suitable for those with small accounts focused on realtively high
potential profits using a very small portion of the account in tight risk management ( Please like an follow)
Bitcoin Miner Moon Race - BMMR - CORZQ Leads the way!
The great power of the Bitcoin ecosystem, where is the hash rate coming from? Miners.
And most of these miners have bases in Americas only.
Most of the Eurasia / South America / Central America (El Salvador Volcano) are not publicly traded yet or direct government related but I suspect this trend is occurring globally.
Forget the Moon race, its the Hash Race.
All of this too when we are in early stages of a bull market. Don't hear a peep of Bitcoin miners or the ecosystem on Bloomberg either? BlackRock radio silence. . . but the waves are public.
MARA will remain weak MARA will remain weak
This figure shows the weekly candle chart of MarathonDigitalHolings' stocks in the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high of MarathonDigitalHolings' stock is very close to the 2.618 position on the bottom of the graph, which is close to the golden section. Moreover, the second highest point two weeks ago happened to be the 2.382 position on the golden section in the graph! So, for a period of time to come, the stock probability of MarathonDigitalHolings will remain weak and accelerate its downward trend, with a probability of retreating to around 1.618 in the golden section of the chart!
Deep comparison of Bitcoin Miners| Gold Miners - Astonishing
Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush.
These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to 100k? let that sink in what the thousands of bitcoin will be worth on the companies balance sheet that will reflect the company / buyback shares to fund operations in a bull market and the next bear market.
Marathon Digital Holdings (example) - 10,055 Bitcoin in holdings on balance sheet $239 million based on today's Bitcoin price.
why are institutions buying MARA? why does MARA have an excess market cap of $760.64M?
example Bitcoin reaches 100k = $1,005,500,000
example Bitcoin reaches 500k = $5,027,500,000
Marathon hit 10.4B in market cap operations when Bitcoin barely tapped $60,000
This is just one example I'm happy to provide a slide from my research
i.ibb.co
This is going to create an entire new digital commodity section on the SPX, mining companies and lightning network companies will be here too.
can't wait to see the web3 experts explain to their clients how they missed this one while the big players are already buying up everything.
i.ibb.co
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down.
Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle.
With bit coin holding 30,000 level.
We could see it retest and/or reclaim $20 soon.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
RIOT - Rising Trend Channel [MID -TERM]🔹POSITIVE signals inverse head and shoulders formation with resistance breakout at 14.72 and potential next resistance at 24.50.
🔹RSI curve shows rising trend to supporting POSTIIVE trend.
🔹RSI above 70 indicates strong short-term POSITIVE momentum.
🔹Technically POSITIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
[Watch] MARA versus Bitcoin 5️⃣5️⃣| Year to date 439%Year to date ⤴️439%
What's going on, Team NASDAQ:MARA
We are not entering the "Catch-up" phase; FOMO is far away.
They called me a loser, and they laughed at this idea.
Guess what...? NO one is laughing now.
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, still Marathon Digital Holdings is 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
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
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.
BTBT- 500% YTD Pullback for Long EntryBTBT, a stock with cryptocurrency mining activities, has been on a long sustained trend up
this year of 500% reflecting the crypotcurrency recovery and resurgence. In the past week,
it has pulled back and is now setup for an entry. This stock is similar to RIOT and MARA but
with a lower price and market cap. It had been trending along the second deviation line above
the long-term VWAP anchored at the beginning of the year. The pullback to the first deviation
the line above VWAP allows for an opportunistic long entry. The ascending amplitudes of the K
/D line excursions on the MACD indicator are confirmatory for the bullish momentum. I will take
a long trade here expecting a 50-100% return over the slow trading of the remainder of the
summer. I believe this will further diversity the portfolio by exposure to the crypto sector.
COIN rises with cryptocurrency resurgence. Can it continue?COIN popped today with vigor as traders seem to recognize the resurgence of crypto.
On the chart, the pop has adequate volatility and high relative volume. The RSI indicator
shows RSI crossed over 50 the prior day and is now nearly at 100. The question arises, can
COIN continue or will it consolidate or reverse? Please comment with your opinion.
Pigeon is long CleanSpark $CLSKCleanspark is on pace to reach 10eh/s in the next 30-40 days. That is late july early august. They have the miners on site and racking. They also have the miners already purchased and being delivered to reach or possibly exceed 16eh/s by the end of the year. This is a miner that has been lagging against all others. As book value goes they are severely undervalued and have positioned themselves to become a top 2-3 miner.
Retail investors aren't liking the dilution but it looks like to me they won't need to use all of the ATM as the stock price has increased. Retail and even analysts have low price targets because there is uncertainty they can pull off the targets they've set out. They have diluted 57% over the last 2 quarter to get 2.5x in hashrate, from 6.6eh/s to 16eh/s. I am fine with this as as they are growing before the halving as miners need to be aggressive and also efficient as possible. Pigeon sees this as an opportunity to buy value and have a calculated asymmetrical bet on the books.
There is no such thing as a 'quad top', this is making LH's into resistance. Expecting pace of move to be speed up as that resistance is snaped. Would like to see that zone labeled to hold tho.
Pigeon is long sparky.