MARA: Buy idea: uptrendBuy idea on MARA as you see on the chart because we have the breakout with force the resistance line by a big green candle follow by a large green volume.!
M44 trade ideas
A rise in BTC = a run on MARAIf BTC continues a bullish course then I think we can expect to see MARA in very good standing. I have also identified a previous pattern worth noting. Conditions aren't identical but perhaps close enough to cause some excitement. Not financial advice, DYOR.
Mara cup and handleThis long-term Mara cup and handle is looking ready to explode, the consolidation and downward movement has expressed itself fully at this point. The reversing stochastic RSI is hopeful and BTC is in a heavy contraction as well. This cup projection extends to about a 55$ share price but does not take into account any share dilution.
MARA Trading Levels 5/31Outlook -- Broke below the 9 ema yesterday and rejecting
it again today. Ended the day with a bounce off the 21 ema
and stoch is at a resistance level. 20 must hold for any upside
or else the downside targets are in play.
Upside Targets:
*21.13--22.46--24.63
Downside Targets:
*19.32--18.50--17.56
Daily Trend Tracker -
*DXY+ *VIX+ *US10Y+
Divergence for many V3 - Divergence IndicatorIndicator's script runs multiple momentum oscillators against price to seek out divergence. If any oscillators show divergence, chart will populate icon with number of bullish or bearish divergence alerts.
Marathon Digital Holdings (MARA): Bullish Divergence SignalsMarathon Digital Holdings is heavily influenced by developments in the cryptocurrency market. Despite this dependency, significant indicators on the RSI chart show repeated divergences. These divergences have previously resulted in substantial price movements and could potentially do so again. Currently, we have identified a bullish divergence on the daily chart, with the stock holding above the High-Volume-Node (HVN) Edge within a trend channel. These correlations suggest there could be enough momentum for the stock to retest the $34 level, which we consider a minimum target.
Marathon's stock is known for its rapid movements, meaning it can quickly move up or down. Should the stock move upwards, it could swiftly surpass the $34 mark. However, we must also consider the presence of equal lows on the chart. These equal lows are often a point of concern as they indicate significant liquidity below them, which the market tends to target. Therefore, it is possible that we might see a dip to collect this liquidity in the coming days, weeks, or even months, potentially bringing the price back to the trendline.
In the worst-case scenario, the stock might drop to the High-Volume-Node Point of Control at $9.67 before resuming its upward trajectory. Despite this risk, we believe that Marathon has substantial upside potential in the coming weeks. The confluence of bullish signals and strong support levels suggests that the stock could see significant gains if the bullish divergence plays out as expected.
MARAthon to Success: Chart Indicates Long PositionThe annotations in the chart convey all the essential information about the technical situation in MARA. The stock is a clear long for us. However, we advise waiting for a small pullback to around $18.30 before entering. The price is currently overbought, and to optimize the risk-reward ratio (RRR), traders should wait for a slightly more favorable entry point.
$MARA - Watch that critical resistance areaNASDAQ:MARA Marathon digital run into resistance. Watch $22 - $23 critical resistance area for a potential breakout. 👀
$20 looks to be a new support.
Mara target @27Inverted Head and shoulders with strong breakout , increase in volume noticed with positive divergence on RSI
MARA to 24 and possibly 26Mara is in a bottom triangle-bottom wedge formation, and a breakout above the upper trendline should take us to $24 and possibly $26.
$MARA PUT OPTION 5/17 - 5/31 Targets: $7.50 or lowerA highly shilled, highly volatile meme stock for crypto enthusiast. With MARAs average volatility at +/- of $5 per week, a pending death cross, and BTC set to collapse, the odds are just to sweet to pass up.
happy trading ;)
MARA Double Top + Bear FlagTwo bearish patterns within a big structure could signal a big move to the downside.
- BTC itself doesn't look too strong as of this post and they are somewhat correlated by algos
- Twitter pumpers out in full force as well
Price Targets: 14.33 and 10.32 if things get really bad
Marathon Digital Holdings Reports Q1 2024 Results Stock Down 6%Marathon Digital Holdings ( NASDAQ:MARA ), a global leader in leveraging digital asset compute to support energy transformation, reported its financial and operational results for the first quarter that ended March 31, 2024. The company saw an increase in energized hash rate by 142% to 27.8 EH/s in Q1 2024 from 11.5 EH/s in Q1 2023. The company produced 2,811 CRYPTOCAP:BTC during Q1 2024, a 28% increase from Q1 2023. Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023. Net income increased 184% to $337.2 million, or $1.26 per diluted share, in Q1 2024 from $118.7 million, or $0.72 per diluted share, in Q1 2023. Adjusted EBITDA increased 266% to $528.8 million in Q1 2024 from $144.5 million in Q1 2023.
The company introduced Anduro, a new multi-chain Bitcoin layer-two network aimed at accelerating Bitcoin development and adoption. It launched the Company's first products and services to support the Bitcoin ecosystem, including Slipstream, MARAFW, MARA UBC 2100, and MARA 2PIC700. The company closed multiple acquisitions of data centers, increasing its mining portfolio to more than 1.1 gigawatts of capacity, 54% of which resides on sites now directly owned and operated by the Company.
Marathon ( NASDAQ:MARA ) also increased its 2024 hash rate target to 50 EH/s, representing approximately 100% growth in hash rate during 2024. The company doubled the size of its portfolio of digital asset compute, launched its first products and services to support the Bitcoin ecosystem, and battled against operational challenges to produce record financial results.
Net income increased 184% to $337.2 million, or $1.26 per diluted share, during the three months ended March 31, 2024, from net income of $118.7 million, or $0.72 per diluted share, in the same period last year. The increase in net income was primarily driven by the favorable mark-to-market adjustment of digital assets from the newly adopted FASB fair value accounting rules, ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets, which requires on-going measurement of crypto assets to fair value.
Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023. The increase in revenue was primarily driven by an $82.9 million increase in the average price of bitcoin mined, a $10.4 million increase in bitcoin production, and $20.8 million in revenues generated from providing hosting services as a result of the acquisition of GC Data Center Equity Holdings, LLC on January 12, 2024. The Company sold 26% of the bitcoin it produced during the quarter to fund operating costs.
Gains on digital assets were $488.8 million during the first quarter of 2024, compared to $137.4 million during the same period last year. The $351.4 million, or approximately 256% increase, was primarily related to the price of bitcoin increasing to $71,289 as of March 31, 2024, compared to $28,474 for the prior year period ended March 31, 2023.
Technical Outlook
Despite the positive earnings beat, Marathon Digital Holdings ( NASDAQ:MARA ) stock is down 6.51% on Friday's Market open trading with a Relative Strength Index (RSI) of 49 and trading below the 100-day Moving Average (MA). The daily price chart depicts a bearish hammer head.
Calls on Mara, To the Moon! $$$Playing this for a couple days and the Earnings report was beyond what it was last time!
Trend and Earnings with increased volume should increase demand, decreasing supply
25% INCREASE?????? TOMORROW MORNING?????
*Not financial Advisor*
Marathon Digital Holdings Long PositionHi traders,
Turning our attention to Marathon Digital Holdings, Inc., we can observe the formation of an inverted Head & Shoulders patterns over the past few weeks, signaling a potential bullish reversal.
Marathon Digital Holdings operates as a digital asset technology company, primarily focused
on mining cryptocurrencies such as Bitcoin. The performance of Bitcoin in the market can
have a significant impact on Marathon Digital Holdings, as it is primarily engaged in Bitcoin
mining. Nowadays Bitcoin performs well, so it generally results in increased profitability for
mining companies like Marathon Digital Holdings, as the value of the mined coins rises.
As the price approaches the neckline of the inverted Head & Shoulders patterns, a breakout above this level confirms the bullish reversal.
1st Take Profit: 22.44.
2nd Take Profit: 26.23
Final Target: 28.8
Marathon Digital stock Listed in S&P 600 IndexBitcoin mining company Marathon Digital ( NASDAQ:MARA ) has seen its stock value rise by 18% after being listed by S&P Global in its SmallCap 600 index. The company's market cap rose by about $800 million over the weekend, marking a significant achievement for the digital asset company. The SmallCap 600 index is an index of companies with a small market cap, selected based on their recent profitability and other features. The companies considered to be small-cap must have a market cap of $1 billion to $6.7 billion.
Marathon Digital ( NASDAQ:MARA ) has filed an 8-K with the SEC for compensation of some of its highest executives, stating the company's commitment to providing long-term incentives to workers as part of its LTIP Awards.
The incentive is being awarded to three of the company's executives, including CEO Fred Thiel, CFO Salman Khan, and General Counsel Zabi Nowaid. The move is expected to boost morale and align the executives' interests with those of the company's stockholders.
Despite its inclusion in the S&P 600, Marathon Digital ( NASDAQ:MARA ) stock is down 2.25% with a Relative Strength Index (RSI) of 57 posing signs of a reversal trend in the near to long term.
Marathon Digital ( NASDAQ:MARA ) stock is trading below the above the 200-day Moving Average (MA).
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 20usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $7.85.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
MARA 01/05/2024MARA is at the RL, However we couldn’t pass the Monthly resistance level. If we go down to fill the imbalance and re enter the range I will consider to open position. That scenario makes more sense to me. Or, if we pass the previous high level.
MARA Will go Bearish before EarningsThe bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue.
A second confirmation comes from the RSI, which is currently at 40, indicating that we are not yet in oversold territory.
It appears that Mara is on track to reach $14 before the earnings date on May 24th.
The Marathon Continues: $MARASince our initial investment in Marathon Digital Holdings NASDAQ:MARA in early October 2023 at $7.31, the landscape has dramatically transformed, propelling Mara to a striking $33.77. However, the journey hasn't been devoid of challenges, notably the three-month sideways movement troubling the stock and a pervasive sense of FUD (Fear, Uncertainty, Doubt) among later entrants lacking substantial unrealized gains. This period has ignited queries regarding Marathon's performance divergence from Bitcoin, especially when contrasted with entities like Microstrategy NASDAQ:MSTR , which leverages Bitcoin's movements more directly.
The Short Squeeze Anticipation Amidst a Bull Market
A critical aspect influencing Mara's trajectory is the significant short interest, temporarily curtailing its ascent. However, the notion that short sellers could thrive unscathed in a bull market is quickly dispelled when considering the potential for a short squeeze. Market makers are poised on the edge of their seats, anticipating the revelry as Bitcoin aims for the $80-100k mark, setting the stage for a triumphant rally.
The Path to Parabolic Growth
Expectations are set high with a projected parabolic surge leading to an intermediate target of $84, following a minor correction. The ultimate aspiration harks back to the inaugural high of $234 in 2012, a benchmark set at the dawn of Marathon's journey. While this target appears ambitious from the current vantage point, the culmination of a parabolic trend's force could make it a tangible reality. As always, this ideal scenario warrants meticulous analysis at each juncture, with adjustments made as necessary.
Technological Innovations Paving the Way
An unforeseen variable in many analysts' projections is the technological advancements driving Marathon forward. The recent announcement of the MARA 2PIC700 cooling system for Bitcoin mining rigs marks a significant milestone, underscoring Marathon's commitment to innovation in both software and hardware domains. This development not only enhances the operational efficiency of Bitcoin mining activities but also positions Marathon as a frontrunner in adopting and advancing technology within the crypto-mining industry.
Here is a YouTube video of the new cooling system:
www.youtube.com
In summary, Marathon Digital Holdings presents a compelling narrative of growth, innovation, and resilience. With a keen eye on Bitcoin's trajectory, technological advancements, and the broader market dynamics, Marathon is poised for significant movements. Investors and observers alike should stay attuned for updates, as the journey of Marathon Digital Holdings unfolds in fascinating and potentially lucrative ways.
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MARA - ShortWent short at 19.80, supply, Head and shoulders? Btc is dropping, Mara should see a reaction as they are cointegrated.
