$MARA $30 Target Achieved - Close Position Update on MARA, hitting the target I wanted, good place to trim position if you are longer term, decent 30% swing trade. GLTA
M44 trade ideas
Long Marathon Digital HoldingsI getting long Marathon Digital Holdings as soon as a good entry becomes available.
Both price action and stock fundamentals make this a very attractive buy for a great risk/return trade.
MARA Inc. Daily setupWe've got weekly macd and rsi + stochs classic signatures for bottoming patterns. In the daily, I'm are aiming for a fifth wave ending around one of ther fib clusters.
Marathon Digital Holdings WeaknessMarathon is displaying one sign of weakness after another. It just broke out of its ascending channel, which disqualified both the lower bullish red RSI buy signals that we got recently, both on the hourly and the daily chart. This is bad news. Real bad. Especially so as it now leaves the daily RSI in a much weak position, one that paves the way for further drops to the downside.
Additionally, what we thought to be an initial ABC Elliott correction seems to rather be a 12345 correction. If Bitcoin were to drop down towards the low to mid 20 000s, then Marathon should stand a good chance of hitting its 5th wave target around the horizontal support at $14,00-14,50.
the 5th wave of Elliott is starting with a $92 targetcypher harmonic pattern:
3-4=0.38 X-3
4-5=1.42 3-4=$92
tp1=0.78 4-5=$26
tp2=1.27 4-5=$11.86
tp3=0.78 X-3=$5.76
tp4=2 4-5=$3.67
Quick ChartCup and Handle? With more volume, potential breakout. Heck, nowadays everything is a potential breakout LOL
Weekly chartThe weekly chart gives a better trend indication.
I am not jesus, not trying to save anyone here.
I start at 2.5 and sold at 56. I still have some left.
MARA, be ready at 28?Folks, this is a very objectif analysis. I think we all need to answer questions below to yourself before jump in.
In theory, we have entered a consolidation period, where 70% buyers are investor. We are at the Base 1 level.
Facing the new parabolic jump that we have here:
Do we have a clear break out? Is the trend changing?
Could it go to 28 for now?
Is this temporary and a Bull trap?
Is bitcoin fall will continue? 27K? Where Mara will be then?
We can expect a buy in between 23 to 20,with sopt loss at 19.
We are very close too recent over brought level.
$MARA Update - Choppy Start to the Trade, but following through MARA bouncing off the 200DMA as I predicted in the previous week, solid way to give yourself BTC exposure, entry was a little early with unfortunate timing due to the bitcoin drop, but I do think a reversal is here.
$MARA to the moonLooks like $MARA is ready to fly, and there is a rumor that Cathie Wood will add it to $ARKK
MARA One Of The Largest Bitcoin Miners In North America 10% upOn May 24, Marathon Digital Holdings Inc., (NASDAQ: MARA) announced plans to build a new bitcoin mining facility in a binding letter of intent with Compute North.
About the partnership
The new data center will be home to 73,000 OF Marathon’s previously purchased ASIC bitcoin miners as part of a 300-megawatt data center located in Texas.
Marathon will be required to provide Compute North with an 18-month bridge loan of up to $67 million in order to build the facility.
The contract will last for three years and every year the amount will increase three percent thereafter.
It is expected that once all its miners are installed, the harsh rate will be about 10.37EH/s. Moreover, the company’s average mining cost for hosting services, electricity, data center management, and other hosting-related services will be $0.0453 per kWh, and Marathon’s operations will be 70% carbon neutral.
“Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “This agreement sets us on a clear path to becoming one of the largest, most efficient, and most environmentally conscious Bitcoin miners in North America. Additionally, the structure of this agreement is highly advantageous as it allows us to have the necessary infrastructure for our miners built without the capital expenditure, and it provides us with the flexibility to explore alternative locations, should we require them, while mitigating the risk of price increases.
“Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with our long-term objective being to obtain a 100% carbon neutral footprint.”
MARA $20 WALLMARA is holding the $20 barrier even through all the big BTC corrections over the last few days. 😎
Will this support finally be enough to give another run for MARA?
BTC level to watch: 42 - if rejected that could make a very massive BTC trend Head and shoulders and could throw BTC to 20 or even high teens.
Tesla and BTC Miners in North America may have some battery initiatives with clean energy around the corner.
Good Luck
Butterfly Pattern in $MARA, $BTC recovers and this will take offHi guys I took $MARA long on this Butterfly, I hope it prints $$ :)
Trigger, Stop, Take Profits all listed on chart. Trying to learn one pattern at a time, w Butterfly. My mentor wants me to start hardest to easiest, Lightning, 2/618 and structures we are working on in the background. I hope to share some charts of value, thanks:)
$MARA looks like we have more down possibleUsing ichimoku, and the fact of the recent BTCUSD downward movement, we have more room to go down, and looks like we could probably touch $14 range before something happens. Volatility is always a big deal with MARA, and though I have a long position in MARA, I won't do anything until it touches $14 area and confirms a bounce back. This is just my own analysis and in no way financial advise. Short term short, before highlighted is met.
Very bearishPeople will buy the dip and stock will rise short term, however, long term this is looking extremely bearish.
Will MARA be a buy at $13-14? I've been watching RIOT and MARA fall epically down the last month from their amazing highs.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
BTC COIN MARA , CORELATED AND BOTTOMED OUTAnd it is no coincidence. The CRYPTO Bulls are lose!! Prepare yourselves.
$MARA overnight short.I noticed that NASDAQ:MARA have been showing sign of a sideway/downside condition. Shorted it last week and today I shorted it again with a 20$ Put expire 5/14.
