Inverse head and shoulder pattern Marathon DigitalInverse head and shoulder pattern Marathon Digital forming.
MARA trade ideas
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.
Marathon Digital's Alignment with Bitcoin's Price Momentum
In the intricate world of cryptocurrency and blockchain stocks, Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) presents a case study on timing and market synergy. we as investor eyeing the Marathon Digital landscape throughout the year has, through strategic patience, capitalized on an almost impeccable entry point at $7.31. This level of technical preciseness suggests a robust understanding of the symbiotic relationship between MARA's stock movements and the prevailing trends of Bitcoin (BTC).
The market dynamics of crypto-related stocks like MARA often reflect a reciprocal influence with the price fluctuations of Bitcoin—both a mirror and a shadow, each can occasionally lead the dance. What's particularly noteworthy is how this relationship aligns with technical analysis patterns observed in MARA's stock price. The bullish impulse that set the stage at the end of 2021 culminated alongside Bitcoin's peak, marking the completion of a significant upward trend for Marathon Digital Holdings.
As 2022's concluding month took the stage, we observed the trough of Wave 2—a correction phase in Marathon’s pricing structure—framing the anticipation for subsequent movement. From this inflection point, the market witnessed the unfolding of four small waves; the current progression indicates that MARA is charting the upward trajectory of the smaller Wave 5, which forecasts a potent advance toward the $34 to $50 region.
Understanding this progression is fundamental: It's akin to a fractal pattern, where minor waves accumulate momentum within larger waves—similar to the way smaller boxes nest within larger ones. Each wave builds upon its predecessor, carrying the potential to trigger the onset of greater market movements.
In layman's terms, this not only presents a fascinating visual but also signifies the potential for each wave to escalate to a higher level, amplifying in magnitude and impact. For MARA and crypto market enthusiasts alike, comprehending these patterns is pivotal in anticipating future developments.
By recognizing the rhythmic cadence between MARA's performance and Bitcoin's pricing patterns, savvy investors can strategize entry and exit points with an informed approach. Identifying these crossovers and divergences between crypto miners and digital currency trends becomes an essential tool in the arsenal of modern investment techniques.
[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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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.
MaraMara: There’s potential for a strong rally in Mara once the pullback concludes. The support range lies between 10 and 12, with a crucial level of support (LIS) situated at $8.
MARA Chart DynamicsLet's integrate the recent RSI movement into our ongoing analysis for Marathon Digital Holdings NASDAQ:MARA
RSI Crosses Up - A Melodic Shift:
The Weekly Relative Strength Index (RSI) crossing up its moving average is akin to a change in musical tempo. It signals a potential shift in momentum, adding a harmonious note to the overall uptrend symphony.
RSI at 57.89: A Balanced Tune:
The RSI level at 57.89 signifies a balanced market. It's like the melody hitting a sweet spot - not too overbought, not too oversold. This can often be a conducive environment for a sustained uptrend.
Confirmation of Strength:
The RSI crossing its moving average is a confirmation of the strength we've been observing in other indicators. It's like the drums joining in, reinforcing the rhythm of potential upward movement.
Combining Forces:
When we blend the RSI's positive movement with the previously noted indicators - the curled-up Accumulation Distribution line, the candle above SMAs, the reverse head and shoulders, and the potential Golden Cross - it creates a more comprehensive and robust uptrend narrative.
Final Note:
As MARA's chart continues to unfold, the confluence of positive indicators enhances the potential for sustained upward movement. However, as always, careful monitoring and confirmation from various aspects of technical analysis are crucial.
Conclusion:
The recent RSI crossover adds a harmonious touch to MARA's uptrend symphony. With multiple indicators lining up, the potential for sustained upward movement becomes more compelling.
Buy MARA $12.07 sell $12.67 MARA bullish Short term
Momentum
Marathon is a Bitcoin miner that mines its own Bitcoin with massive fleet of high end application specific integrated circuit miners.
$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 $11-12 region.
Let's see what happens.
Moon. Soon.Bitcoin has moved a bunch whilst these stocks lagged. A big divergence in price appreciation. NDX is bottoming out. So is the S&P.. as long as bitcoin holds price up here these stocks could easily run 150% - my prediction is 27$ before a pull back to 14.50
MARA iHS + falling wedge, points to $20All on the chart - i am long, needs patience. Also needs support of BTCUSD
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 to break 200 emamara is moving with the 50 and 20 emas band tightly to price action 200 day is the next hurdle . After that i target 12.85 this is a 25% move
Calling CLSK to help unfold the MARA chartNeeded to overlay CLSK and MARA as the MARA corrective move down (observed in isolation) suggests a five waves move from the highs. However, the CLSK chart is a pretty clear ABC three wave move. Assuming the two charts correlate on the big picture.
$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 - 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
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.
