$MARA Banking On The Bitcoin RallyAs faith in the US banking system wanes due to interest rate hikes BTC’s price rose 7% over the course of the month. However, with the Fed hinting at the possibility of further rate hikes this year, Bitcoin could continue increasing as banks could accumulate advanced credit risk. On the other hand, Marathon Digital Holdings, Inc. (NASDAQ: MARA) could stand to benefit the most from the waning trust in the banking sector as its stock price moves in tandem with Bitcoin. For that reason, the MARA stock forecast could be bullish in 2023 if interest in Bitcoin continues to rise.
MARA Fundamentals
Interest Rates
Fed officials voted to hold interest rate hikes for the month of June on the 14th. In response, the price of Bitcoin dropped by 4% in the wake of the decision only to gradually climb 8% in the coming days. These price fluctuations perfectly reflect a theory held by many crypto analysts that states that Bitcoin may boom in response to a loss of faith in the US banking system.
The reason behind the Federal Reserve’s decision to temporarily pause its quantitative tightening efforts is due to advanced credit risks accumulated because of interest rate hikes which is extremely alarming and likely the reason behind the initial 4% plunge.
It may very well be that the 4% decline was simply a mass liquidation effort in response to the potentially devastating consequences that may occur due to the aforementioned advanced credit risks. That said, the following climb is likely a representation of the pursuit of banking alternatives such as Bitcoin.
Currently, policymakers predict that the Federal Reserve will increase interest rates two more times this year, which if implemented will result in the banking system carrying a heavier burden as it accumulates more credit risk in response to dwindling demand for loans.
Due to the banking system’s current trajectory, interest in a banking alternative may increase amidst growing uncertainty regarding the stability of traditional banks. As a result, more people may seek out BTC in order to secure the safety of their funds. This translates to a possible surge in Bitcoin’s price, which is great for MARA since Bitcoin’s increased price is likely to be reflected in the stock.
BlackRock Bitcoin ETF
In response to the growing demand for banking alternatives, BlackRock, Inc. (NYSE: BLK) the largest asset manager in the world filed for a bitcoin ETF through its iShares Bitcoin Trust On June 15th. Since iShares Bitcoin Trust will provide a fund that derives its value through Bitcoin, investors will be able to invest in Bitcoin without outright buying it.
BLK’s Bitcoin ETF is likely going to increase Bitcoin’s legitimacy through association and catalyze demand for Bitcoin as a result. As more businesses start seeing Bitcoin as a legitimate banking alternative the price is likely to rise due to mass buying. Due to these factors, the launch of BLK’s ETF may cause Bitcoin’s price to surge, and MARA stock with it.
MARA Financials
As things stand MARA’s balance sheet is extremely favorable. According to its Q1 2023 report, MARA’s assets increased QoQ from $1.19 billion to $1.3 billion with its cash and cash equivalents increasing from $103 million to $124 million. On the other hand, its liabilities decreased from $809 million to $758 million.
MARA’s revenues remained relatively stagnant YoY, only fluctuating from $51.7 million in Q1 2022 to $51.1 million in Q1 2023. That said, its operating expenses sharply decreased YoY from $39 million to only $3.8 million. As a result, its net loss decreased from $12.8 million to $7.2 million.
Technical Analysis
MARA stock is in a neutral trend and is trading in a sideways channel between its support at $9.08 and its resistance at $10.34. Looking at the indicators, the stock is above its 200, 50, and 21 MAs. Meanwhile, the RSI is neutral at 64 and the MACD is bullish to the upside.
As for the fundamentals, Bitcoin is poised to see an increase in demand as faith in the banking system plummets amidst increasing interest rates. As a result, Bitcoin mining stocks like MARA stock are likely to run to better reflect the value of Bitcoin. Keeping that in mind, a possible play could be to go long on the break of the resistance as it could signal a break of the sideways channel.
MARA Forecast
After the FED announced it was pausing its quantitative tightening efforts due to advanced credit risks, Bitcoin saw a 4% fall followed by an 8% climb. That climb likely represents BTC’s growing popularity as a banking alternative. That said, as interest rates continue to rise BTC’s price and MARA stock’s PPS are likely to follow suit. In light of this, the MARA stock forecast appears to be bright in 2023.
MARA trade ideas
[Watch] MARA versus Bitcoin 5️⃣2️⃣| How high can MARA pull...?Year-to-date: ⤴️156,70%
What's going on, Team NASDAQ:MARA
Yes, yesterday, the SEC went after Binance, and as usual, it created a new buy opportunity.
You can see how hard they work to kill BITSTAMP:BTCUSD to introduce their ideas.
Sellers seem exhausted, and they come and go...
Today I am sharing Tradingview's Autopattern available for premium members.
I make zero money from this; still, please consider becoming a premium member and using it as a new tool for trading and investing decisions.
This is my Demand Zone 7,98$ to 7,66$ per share.
Those levels are the weekly candle's Open and Low Prices on April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
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.
Mara: Price will retrace to $8.89Breaking below $9.58 will initiate a change of structure ( choch ) at which point, puts may be permissible. My target price in this situation would be $8.90. If you view this stock on a larger time frame, we've been ranging for quite some time.
Now, on the off chance that we break and hold above that $10.39 supply, it may be a good idea to go long.
NFA.
[Watch] MARA versus Bitcoin 5️⃣1️⃣| Summer 2023 Idea Year-to-date: ⤴️154,47%
What's going on, Team NASDAQ:MARA ?
Where do I see myself picking that winning trade if I need cash to fund my Summer 2023?
Yes, you got it; Marathon Digital Holdings.
Sellers seem exhausted, and they come and go...
Today I share how I see the indicator called; The Rainbow is adding some excellent levels to our position.
In my next video, I will bring deFran (indicator) back on the screen for us to review the charts.
This is my Demand Zone 7,98$ to 7,66$ per share.
Those levels are the weekly candle's Open and Low Prices on April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
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.
MARA - Possible long setup on this bullish wedge pattern
MARA's previous resistance at 9$ has turned into support. MARA has tested the 8.50$ to 9$ region several times and it's getting bought every time. A lot of accumulation bars (blue) since the beginning of the year. Bullish wedge pattern forming. I would like to get long at 8.50's range if a shakeout happens. R/R 1 to 5.
[Watch] MARA versus Bitcoin 5️⃣0️⃣| Stan Weinstein 30WMAYear-to-date: ⤴️167,60%
What's going on, Team NASDAQ:MARA ?
Thank you for watching this video, No. 50, the big 50.
Today, I would like to talk about Stan Weinstein 30WMA, which you can use on the weekly chart.
As you can see, Sellers are no longer in control.
They keep selling, but still, someone is buying.
This is my Demand Zone 7,98$ to 7,66$ per share. Those levels are the weekly candle's Open and Low Prices on April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
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.
MARA heading to $20NASDAQ:MARA is in a steady uptrend and the price is sitting above the 200 and 50 moving averages. With the ~300% spike in Bitcoin transaction fees due to the BRC20 tokens many of the miners should do really well in May and possibly the next few months. Looking for the price to hit $15 and then head to $20 range where the next area of resistance is.
[Watch] MARA versus Bitcoin 4️⃣9️⃣| The Rainbow AnalysisWhat's going on, Team NASDAQ:MARA ?
When we have red days, I would like to record the most because it allows me to have more and more conviction.
I went over multiple levels and talked about 30WMA (Stan Weinstein) and The Rainbow, which has no monthly sell activate, which is good for our longs.
This is my Demand Zone 7,98$ to 7,66$ per share. Those levels are the Open Price and Low Price on the weekly candle dated April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.
[Watch] MARA versus Bitcoin 4️⃣8️⃣| God's Hand Indicator Year-to-date: ⤴️193.02%
What's going on, Team NASDAQ:MARA ?
Today I want to share the newest indicator I am running; God's Hand.
I will share the $NYSE: SPOT findings on the monthly chart and the entries we have so far in 2023 on SKILLING:NASDAQ : MARA
Stay tuned because I will share more of God's Hand on Tradingview.
Enjoy your Saturday, and I talk to you tomorrow.
This is my Demand Zone 7,98$ to 7,66$ per share. Those levels are the Open Price and Low Price on the weekly candle dated April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.
Puts on MARAHello friends.
We bought some 10 puts on MARA that expire on 5/19 with a strike of $11 for a price of $2.05 each. Mainly we are doing this as a proxy for shorting Bitcoin with puts. Since the crypto options market is illiquid while the MARA options market is liquid, and since MARA is strongly correlated with Bitcoin, this works well. MARA is correlated to Bitcoin because they are a mining company.
As a result of being a Bitcoin mining company, they have performed terribly and will almost certainly continue to do so. This part is more of a long-term idea, but I believe that bankruptcy is absolutely *programmed* for 99% of these Bitcoin miners, especially ones like MARA that are consistently eating enormous losses and are saddled with back-breaking debt. This trade is not particularly based on these long-term ideas, on account of being such a short-dated trade. For our longer-term trade, we plan to short the heck out of Bitcoin miners when they reach their expected peak around EOY. We're talking massive size, because I'm so sure about it. This current trade is small size for me. Only 10 contracts.
There are three long-term factors that will drive all Bitcoin miners to zero:
Innovation:
The Bitcoin hash rate goes up rapidly over time. On this day last year, it was 226M TH/s. Today it is 350M TH/s. That is an increase of over 50%!! Hash rates have been growing exponentially over time as we have innovated and improved computers. I'm very confident that this trend will continue. The reason this is lethal for Bitcoin miners is that their technology becomes outdated over time. With a 50% annual increase in hash rate, your current cutting-edge money printer miners are going to be totally irrelevant and worthless in 2 years once there is yet another new wave of miners that are 2X better and that totally *dominate* your miners and drive them into deep unprofitability. It's expensive to buy that new hardware, and this is a constant drain on miners. The higher the hash rate goes, the harder it is to mine bitcoins.
Bitcoin price falling:
The Bitcoin bubble is over. I'm enormously confident that Bitcoin prices will fall over the coming years. This is bad for Bitcoin miners for the obvious reason that they will be selling their coins for a lower price, and pocketing even bigger losses as a result.
The Halving:
The amount of Bitcoin that miners can produce will be slashed in half again in approximately 337 days. So around a year. This is an incredibly important factor. It should effectively double the price of producing a Bitcoin.
Let's say MARA is mining 1 Bitcoin for a net price of $35,000 currently and is losing $5,000 on each coin by selling them at a price of $30,000. Well, after the next halving, they are mining 0.5 Bitcoin for the SAME price of $35,000. So their actual price is $70,000 per coin. Their loss goes from $5,000 to $40,000 per coin. That isn't even double in this case, it's eightfold. And the Bitcoin price won't go up due to the halving. Yes, that has happened in the past. However, that was during the bubble phase. Now the bubble is over, and it's down only for Bitcoin. The argument that a slower increase in the supply of Bitcoins will drive the price upwards is half as relevant with each halving. Now, at a point, where over 19 million out of the 21 million total Bitcoins have been mined, there is hardly any argument that supply is important for price. The singular real factor of importance for Bitcoin prices is DEMAND. In other words, how many fools are willing to buy it? And let's be honest, with a Coinbase SuperBowl advertisement, you've reached about the peak for that factor. Where are you going to find another couple of billion morons with money?
With all of these forces operating against MARA and other Bitcoin mining companies, it will be amazing to see them all go bankrupt.
Think of it as mother nature purging the world of poison.
And make no mistake, Bitcoin is poison. The three poisons of the mind in Buddhism are greed, delusion, and hate.
Almost all Bitcoiners I've seen are greedy in the sense of 'Screw you, I've got MINE, and I'm going to be the king of the New World when Bitcoin becomes the global currency.'
They are also almost all delusional, believing in things that are just obviously untrue in the same way that religious people operate. For example, they believe that the price going up in a perfectly repeated cycle indefinitely is a reasonable assumption, that wasting energy and technology on mining Bitcoin is totally necessary to secure the network (meanwhile you could run the Nano network with a single windmill for probably the entire earth and with no needless mining), etc. Lots of inherently false beliefs. They will excuse the authoritarian brutality and lack of human rights under Bukele while claiming to be libertarians.
Most importantly, Bitcoiners are hateful. They violently hate all 'altcoins', and they rail against the banks without even knowing what a bank is or how currency creation actually works. They resent anyone who refuses to buy into their scheme.
Because of this, all rational people should cheer and celebrate the demise of Bitcoin and it's supporters as a win for the environment and society at large.
[Watch] MARA versus Bitcoin 4️⃣7️⃣| Is 100$ sound mathematicallyLet's start a new day with a new video about my favorite crypto-miner; NASDAQ:MARA
Today I would like to review the monthly and weekly chart using deFran, an essential indicator I use to have buy/compra and sell/signals.
We all know people want that, and retailer traders love those indicators.
I aim to deliver realistic guidance so we all can bank on the Bitcoin 2023 Bull Market.
This is my Demand Zone 7,98$ to 7,66$ per share. Those levels are Open Price and Low Price on the weekly candle dated April 10, 2023.
What does this mean to you? It means I am a buyer at those levels IF, which is a big IF price move lower.
Year-to-date: ⤴️186.87%
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.
[Watch] MARA versus Bitcoin 4️⃣6️⃣| Red Day; Bless Day What's going on, Team NASDAQ:MARA?
I appreciate your patience. I have been sick for weeks now.
I wanted to record this video because is a red day and we all need to follow up no matter if it does not go up as we expected.
What's new with me? Well, I am recovering and now I added Stan Weinstein 30WMA.
Avoid Margins and Avoid asking for money to buy stocks.
If you do that, you will be highly profitable in your trading business.
Remember to smile and enjoy your day.
Still, don't forget it can always revisit the massive demand value area at 5.30$/5.05$
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.
[Watch] MARA versus Bitcoin 4️⃣5️⃣| Monthly close above 8.54$ What's going on, Team NASDAQ:MARA?
It's Friday, and I want to cover 2 ideas: Year-to-date and Monthly close.
You now know I talk many times about Newton's First Law of Motion, so please review NASDAQ:HOOD year-to-date performance versus Marathon Digital Holdings; where should you allocate capital?
Now, regarding positive patterns, I want to see the monthly bar closing above 8.54$ per share. That's opening, and if that happens I expect a strong May for all of us to see 19.90$ which is my upside target.
Can it move lower? Yes, it can! So, if I do not see April close above that 8.54$ value I will have to adjust my game plan.
Avoid Margins and Avoid asking for money to buy stocks.
If you do that, you will be highly profitable in your trading business.
Remember to smile and enjoy your day.
Still, don't forget it can always revisit the massive demand value area at 5.30$/5.05$
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.
[Watch] MARA versus Bitcoin 4️⃣4️⃣| Why MARA?What's going on, Team NASDAQ:MARA?
Today I explain Why MARA? I think this is a very inclusive opportunity to anyone looking to have exposure to the underlying asset; Bitcoin.
Year-to-date this asset has lots of strength and that's where I want to be and that's where you want to be too.
When you have difficult years in the stock market, look to buy stocks going up because they have the advantage.
Avoid Margins and Avoid asking for money to buy stocks.
If you do that, you will be highly profitable in your trading business.
Remember to smile and enjoy your day.
Still, don't forget it can always revisit the massive demand value area at 5.30$/5.05$
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
Trade smart and Trade to Win...!
All Together; Por la Victoria
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.