#MARA - Marathon digital holdings back to single digitsLikely scenario in a during #Crypto winter
2014, 2018, 2022
more evidence #Bitcoin likely to bread down it seems
MARA trade ideas
I can feel it in my plumbs..Mara hitting upper trend boundary, likely to come down in coming days and coil up into a much bigger move once BTC > £37.5K (Maybe 2 weeks from now).
$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.
mara So here is my thoughts on MARA which I get a lot of requests for in my group. Been nailing Mara since Mid 2022 TBH.
We are either finished with Wave C of the B or still finishing. If finished with B then we are in W1 of the HTF C which can extended to the 1.618% or truncate at 2021 highs
$MARA - Cup and Handle formationNASDAQ:MARA Marathon Digital is in Cup and Handle ☕️formation and trying to break through the neckline. I believe it is ready to make a move to $12 in the near term.
I am long so I may be biased.
Price target:
$12
$15
$20
Downside risk:
$8
MARAMARA broke above resistance after a failed breakdown with arguments of accumulation on the chart for this trade my approaching plan is to wait for a pull back to confirm 8.86$ as support after the violent push if the price rejects lower prices at the support it's much safer and easier to apply risk management as break below that price would mean possible lower prices and if it holds enough above 8.86$ the target would be 20$ and with the current information given by the chart bullish divergence is being formed on 3D timeframe
Is Marathon Digital Holdings (MARA) Underrated? Or A TrapValue-focused investors are always on the hunt for stocks that are priced below their intrinsic value. One such stock that merits attention is Marathon Digital Holdings Inc (NASDAQ:MARA). The stock, which is currently priced at $10.58, recorded a gain of 20.91% in a day and a 3-month decrease of 36.96%. The stock's fair valuation is $26.24, as indicated by its GF Value.
Understanding GF Value
The GF Value represents the current intrinsic value of a stock derived from our exclusive method. The GF Value Line on our summary page gives an overview of the fair value that the stock should be traded at. It is calculated based on three factors:
1. Historical multiples (PE Ratio, PS Ratio, PB Ratio and Price-to-Free-Cash-Flow) that the stock has traded at.
2. Based on the company's past returns and growth.
3. Future estimates of the business performance.
We believe the GF Value Line is the fair value that the stock should be traded at. The stock price will most likely fluctuate around the GF Value Line. If the stock price is significantly above the GF Value Line, it is overvalued and its future return is likely to be poor. On the other hand, if it is significantly below the GF Value Line, its future return will likely be higher.
Identifying Potential Risk Factors
However, investors need to consider a more in-depth analysis before making an investment decision. Despite its seemingly attractive valuation, certain risk factors associated with Marathon Digital Holdings should not be ignored. These risks are primarily reflected through its low Altman Z-score of -0.37. These indicators suggest that Marathon Digital Holdings, despite its apparent undervaluation, might be a potential value trap. This complexity underlines the importance of thorough due diligence in investment decision-making.
Company Introduction
Marathon Digital Holdings Inc focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The Company currently operates in the Digital Currency Blockchain segment. The Company's Crypto-currency Machines are located in the United States.
Marathon Digital Holdings's Low Altman Z-Score: A Breakdown of Key Drivers
A dissection of Marathon Digital Holdings's Altman Z-score reveals Marathon Digital Holdings's financial health may be weak, suggesting possible financial distress:
The first factor we need to consider is a measure of short-term liquidity. This is calculated as the working capital divided by total assets. When we evaluate the data provided: 2021: 0.01; 2022: 0.00; 2023: 0.00, it's clear that Marathon Digital Holdings has experienced a declining trend in its Working Capital to Total Assets ratio over the past few years. This decline suggests potential liquidity issues that the company may be facing. The ratio is strikingly low, which unfavorably influences the overall Z-Score.
The EBIT to Total Assets ratio serves as a crucial barometer of a company's operational effectiveness, correlating earnings before interest and taxes (EBIT) to total assets. An analysis of Marathon Digital Holdings's EBIT to Total Assets ratio from historical data (2021: -0.06; 2022: -0.13; 2023: -0.38) indicates a recent dip following an initial rise. This reduction suggests that Marathon Digital Holdings might not be utilizing its assets to their full potential to generate operational profits, which could be negatively affecting the company's overall Z-score.
In conclusion, despite its attractive valuation, Marathon Digital Holdings (NASDAQ:MARA) displays several risk factors that suggest it might be a potential value trap. The company's declining Working Capital to Total Assets ratio and EBIT to Total Assets ratio, along with its low Altman Z-Score, indicate potential financial distress. Therefore, careful due diligence is recommended before making an investment decision.
MARAMID-TERM: Zone breakout, 200 SMA breakout, wedge breakout, BTC breakout. (not financial advice)
cost averaging is important to note, already up a lot this week.
MARA longbought shares at $8.5
I think the stock is close to breakout to the upside.
The potential is huge.
I will hold it until CRYPTOCAP:BTC is at least $100k
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
*** $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
MARA Squeeze it V2MARA has been taking a huge hit recently. If you have been following my trades, you likely know that we have been waiting for this pullback to the $8 range as we have some strong support zones here.
We're seeing some consolidation here in the form of a descending wedge. I can see a move upward as the RSI is also showing us some positive signs.
Looking to move towards the 200MA and we will see how the market reacts at that point.
Cheers!
MARA +20% in the coming days then +80% in one month?In a context of BTC in a possible pre-halving & pre-bull market rally and numerous Harmonic Patterns and divergences drawn, MARA seems to want to seek an increase...
Can we hope for +20% in the coming days then +80% in one month?
[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.
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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 - Potential Inverse H&S at playA lot going on here.. This is my prediction of what could happen with MARA in next 12-18 months.. Potential inverse H&S at play. We could drop as low as $6 which would complete the H&S pattern as well as set the next elliot wave in motion. Next impulse could take us to $110+ followed by a 50% retrace, and ending with a $160 blow-off top.
I still believe all TA will break when big money floods BTC and we could see a $600 price tag in the next 2-3 years.
$MARA: A little heavy at 10?Bitcoin, Ethereum and the blockchain stocks have been struggling and I'm not entirely sure it's over yet. MARA had a tough break of 10 and RIOT isn't looking much better, at a similar level. We'll see if there's a little more to the downside here or not. Good luck!
Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin.
I follow the same logic for crypto ETFs, in which I analyzed this link:
The correlation shown here is a little lower compared to ETF's.
🐔I think that the price will make a hen fly, and then fall more strongly🐻.
MARA weakness, heading to 13$ and lower.NASDAQ:MARA has rejected off a key resistance area and is headed towards the bottom of the channel around 13$.
If BTC continues to show weakness and the Macro Economic situation does not improve, we can expect MARA to break the lower trendline and move to the 9$ level.
I am ultra bullish on MARA for the long term and will be loading my bags once we hit these targets.
Stay Tuned!
MARA is Looking Interesting Mara is looking interesting. Approaching oversold territory with 6 consecutive red candles on the daily. If today stays in the $9.60 range and it closes red. might be a good end of day Friday pick up stock.
Possible Inverted Head and Shoulders on $MARASTOCK NASDAQ:MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect setup for a inverted head and shoulders pattern. A few way to play this...
1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
$MARA final target $29-32NASDAQ:MARA bottomed before the downside on my previous chart, so it looks like up we go.
Chart pretty self explanatory. Sell in the grey zone.
