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MARA trade ideas

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.
NASDAQ:MARAShort
by nadavtal01
1
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. Engage with these insights by liking the post, sharing it, subscribing to our given resources, and participating in the ChartScope community! Remember, everything here is custom-made for maximum engagement and, as always, should not be taken as financial advice. Be a part of the future–track and decode volatile market dynamics with us
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NASDAQ:MARALong
by ChartScope
33
Marathon Digital Aims to Double Hash Rate Amid Bitcoin HalvingMarathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move underscores Marathon's commitment to expanding its mining operations and embracing newer, more efficient equipment to enhance fleet efficiency. Marathon Digital ( NASDAQ:MARA ), a key player in the Bitcoin mining sector, has announced ambitious plans to ramp up its hash rate, targeting a 100% growth by the close of 2024. This strategic decision comes in response to Bitcoin's recent halving event, which slashed miners' block subsidy rewards by half. Starting the year with a hash rate of approximately 24.7 exahash per second (EH/s), Marathon originally aimed for a modest 46% increase in hash rate, eyeing a range of 35-37 EH/s by year-end. However, fueled by a surge in machine orders and expanded capacity post-acquisitions, the company now anticipates reaching a fully funded hash rate of around 50 EH/s by the end of 2024. Marathon's Chairman and CEO, Fred Thiel, emphasized the company's robust growth strategy, stating that the increased capacity and hash rate target are fully funded, requiring no additional capital infusion. Thiel highlighted the deployment of state-of-the-art equipment and proprietary technology as key drivers for achieving greater efficiency, aiming for 21 joules per terahash as they scale to 50 exahash. Despite concerns surrounding the halving's impact on miners' revenue, Marathon remains upbeat about the industry's resilience. The company's Vice President of Corporate Communications, Charlie Schumacher, noted that the mining sector effectively weathered a "halving event" last year, with Bitcoin's difficulty rate doubling in 2023. Schumacher expressed confidence in the industry's ability to adapt, with major players like Marathon preparing for such challenges over the years. While some analysts have raised cautionary flags regarding the potential impact of the halving cycle on miner revenue, Marathon's performance post-halving has been promising. The company reported a 25% increase in its stock price in the days following the halving, signaling investor confidence in its growth prospects. Looking ahead, Marathon's bullish stance on hash rate expansion reflects broader trends in the Bitcoin mining landscape. Despite regulatory and market uncertainties, miners are doubling down on their infrastructure investments, betting on the long-term viability of Bitcoin mining. With Marathon leading the charge, the industry is poised for further innovation and consolidation, paving the way for sustainable growth in the digital asset ecosystem.
NASDAQ:MARALong
by DEXWireNews
Marathon Digital Holdings, Inc. (MARA) - Technical AnalysisAs of the latest market session, Marathon Digital Holdings, Inc. (MARA) presents a compelling case for traders eyeing opportunities in the digital asset sector. Trading at $17.12, the stock shows intriguing technicals supported by both short-term momentum indicators and classical chart patterns. Here is a breakdown of the various technical elements at play: Ichimoku Cloud Analysis: The price has recently pushed through the Ichimoku cloud on the 4-hour chart, which is typically a bullish signal. However, the future cloud is red and expanding, indicating potential resistance ahead. The Tenkan-sen (blue line) has crossed above the Kijun-sen (red line), confirming the bullish sentiment. The Chikou span is also above the price from 26 periods ago, adding to the bullish outlook. This setup suggests potential entry points on pullbacks near the cloud top around $16.50, assuming the bullish trend continues. Volume and Price Action: Volume has shown a slight uptick on the last bullish candle, which is encouraging for bulls, yet the volume profile should be monitored for sustainability of the trend. The price is facing immediate resistance near the $17.45 mark. Should the volume support a breakout, we may see a push towards the $19.42 area, delineated by the recent highs and Fibonacci retracement levels. Relative Strength Index (RSI) and Stochastics: The RSI, sitting just above the mid-line at 51.02, suggests momentum is leaning bullish without being overextended. The stochastic oscillator also supports this, as both %K and %D lines are rising above the oversold territory and are yet to breach into the overbought zone. Moving Average Convergence Divergence (MACD): The MACD is above the signal line and has turned positive, a bullish sign. The histogram is expanding in the positive territory, suggesting growing bullish momentum. On Balance Volume (OBV): OBV is trending upwards, indicating that volume on up days is outpacing volume on down days, which is a positive sign for the stock. Price Targets and Trading Strategy: Entry Point: For bullish traders, a retest of the breakout point near $16.50 could serve as a good entry point, with the Ichimoku baseline (Kijun-sen) acting as dynamic support. Initial Target: The immediate price target, assuming continued bullish pressure, would be around $19.42, representing a confluence of the previous resistance and the 78.60% Fibonacci retracement level. Extended Target: If the bullish trend gains further traction, the extended price target could be set around $22, aligning with the upper bounds of past trading ranges. Stop-Loss: A prudent stop-loss strategy could be placed just below the Ichimoku cloud, around $15.80, to mitigate downside risk. Speculative Considerations: Given the stock's correlation with cryptocurrency markets and the news snippet hinting at a rise in Bitcoin mining stocks, a sustained rally in digital assets could serve as a tailwind for MARA, potentially pushing it towards the higher end of the target spectrum. Sell Strategy: Conservative: Traders might consider taking profits near the initial target of $19.42, especially if volume begins to decline or the RSI approaches overbought levels. Aggressive: Holding for a push towards $22 could maximize gains, but would require careful monitoring of the indicators for signs of reversal. Conclusion: In conclusion, MARA presents a bullish technical setup in the short term with clear indicators for entry and exit points. While the current sentiment leans towards buying, traders should remain vigilant for shifts in momentum or volume, which could suggest a reevaluation of positions is necessary. As always, traders should ensure their trading strategy includes risk management measures tailored to their individual risk appetite and investment goals.
NASDAQ:MARA
by AxiomEx
Bitcoin Halving Has little to No Effect on BTC Mining StocksAfter reviewing the Bitcoin halving events on Marathon digital's chart, it's clear that the Bitcoin halving does not have a strong impact on the price of the stock. My initial thesis which was that, profitability cuts caused by the halving would lead to negative price impacts on the chart is disproven by the 2020 bull run. Right now, it seems the price appreciation that comes after the halving and the direct loss of revenue for miners cancel each other out.
NASDAQ:MARA
by AJMourot
4
MARA - NOW NOT THE TIME TO GET SHAKEN OUT.. $140-$200 COMING Now that the bitcoin ETFs are past 90 days of trading, big money RIAs (registered investment advisors) will be able to start dipping their toes. Along with Hong Kong, UK, and now South Korea announcing exposure to ETFs, no one is prepared for the demand shock! MARA forming an ascending triangle with a fake breakout to the downside just before the halving.. We have been doubling down into the halving with MARA.. NOW IS NOT THE TIME TO GET SHAKEN OUT.. NFA.. DYOD.. GL.. LFG!!! 🚀
NASDAQ:MARALong
by BosTrader1
7
MARA: Undervalued IMOMARA is a Bitcoin Mining Business that makes money from mining bitcoin and selling it on the open market. Anyone can mine bitcoin, but not at the levels MARA can putting them in a unique position to capitalize on the halving and higher BTC prices. Recently I watched an interview that I'll share below with Fred Thiel in regard to the future of MARA. He talks about a reservation business that will allow institutions and individuals to reserve a spot in line to get a newly mined BTC. This is crucial because as the halving occurs and demand stays at record highs, MARA will have the ability to sell BTC at a premium to their customers as there will not be enough BTC on the market, so they will need to pay a premium for it. The ETFs are gobbling up BTCs, I wouldn't be surprised if there begins some speculation that a Blackrock or Fidelity will look into the buying one of these miners to gain access to the bitcoin network and have the ability to mine their own BTC rather than buying on the open market. I think MARA will begin to run as the dilution has been priced in and as long as BTC continues to rise, I have faith MARA will follow. I believe it is currently bouncing off its support level, getting ready for another rise. $27+ by the end of March is my estimate. DYOR, this is not financial advice.
NASDAQ:MARALong
by ngmartin02
8