- Record BTC Production of 1,853 BTC in December and 12,852 BTC in 2023
- Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s
- BTC Holdings Now Over 15,000, Total Cash & BTC of $1.0B as of December 31, 2023
Sitting on a 15 dollar average on MARA with my latest add. About what I like to see on a algo target hit (small retracement before consolidation and other push higher). I'll put some Hopium bids under the pivot in case we can get a retest before higher targets; I'll also consider adding if we just go sideways here.
Marathon has plans to get to 50 exahash and plenty of cash on the balance sheet for expansion. Any sell off is opportunity to increase your share holdings. Last cycle miners lagged BTC, and MARA was one that actually put in a second high like Bitcoin while other miners put a lower high. Fred Thiel is a solid CEO, and is looked at as a leader among the other Bitcoin mining companies. With more Bitcoin on their balance sheet than the exchange Coinbase, they are certainly no joke. And I would argue a better miner than RIOT, in terms of production. With global hashrate expected to increase substantially this year, I don't see a more clearer play than Bitcoin miners.
God Speed gentlemen. See you at the top ✌️
Hopium Fills : Teens
Targets for cycle top : 140-180s (3rd wave), 300 Algo target
- Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s
- BTC Holdings Now Over 15,000, Total Cash & BTC of $1.0B as of December 31, 2023
Sitting on a 15 dollar average on MARA with my latest add. About what I like to see on a algo target hit (small retracement before consolidation and other push higher). I'll put some Hopium bids under the pivot in case we can get a retest before higher targets; I'll also consider adding if we just go sideways here.
Marathon has plans to get to 50 exahash and plenty of cash on the balance sheet for expansion. Any sell off is opportunity to increase your share holdings. Last cycle miners lagged BTC, and MARA was one that actually put in a second high like Bitcoin while other miners put a lower high. Fred Thiel is a solid CEO, and is looked at as a leader among the other Bitcoin mining companies. With more Bitcoin on their balance sheet than the exchange Coinbase, they are certainly no joke. And I would argue a better miner than RIOT, in terms of production. With global hashrate expected to increase substantially this year, I don't see a more clearer play than Bitcoin miners.
God Speed gentlemen. See you at the top ✌️
Hopium Fills : Teens
Targets for cycle top : 140-180s (3rd wave), 300 Algo target
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Pitchfork and extensions
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Past year Hashrate and Revenue
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MARA hashrate growth over the past 12 months. WGMI chart.
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As long as we remain in the down fork there will be bearish pressure. A B wave fakeout I will watch for since Bears will be playing the pivot at 20. Will have to see how price action develops in February. Trade safe everyone
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The Road to 23 Exahash | Short Film | Marathon Digital Holdings youtu.be/LPHsLuBMtFQ?si=hQ3CdIA...
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H4 update
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Nice bounce friends. Still within the downfork. Here is the invalidation level for current bear count.
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Bears will have quite a bit of demand to contend with. Primary remains. If price doesn't reject from here then look for price action to chop around the outer median line. 8 hour chart
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Potential breakout forming. H8
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MARA, Weekly. Original Recipe🍗. Sliding parallel
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First bear invalidation level is 20.39 8 hour chart
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H4. Extensions for potential wave 3, median lines, and new pivot at 19.
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It's gettin hot in here 🤣
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H4 fibs updated
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Highest probability target for wave 4. Backtest of median. H4!
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Frontrun 50 target 🤔
2 Day chart, classic pivot high setup 9:1.
Why would you not take it?
Target 1 100% wave validation
2 Day chart, classic pivot high setup 9:1.
Why would you not take it?
Target 1 100% wave validation
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MARA Daily. I may be too aggressive.
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May be all we get!
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Well, don't mind if I do!
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O/B Trendline fail. Potential contender for wave 2 retracement. Last stand for bulls here is roughly 17s, if that fails then 11s are right back on the table for a discount. Keep eyes on BTC, miners need the price to stay elevated
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MARA Weekly
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No adds on MARA for me. I still think bears may try to get the pivot so will keep cash to snatch that dip, if and when get it. On the flipside, bulls have 50/618 play here and if they take out the high, ATH targets are on the table. In either case, expecting a bounce and will wait to see the reaction.
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Anything above 26s for me and 🏌️♂️
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Not much to update on MARA. Sry everyone. Just been holding and accumulating my shares