Possible re-accumulation underway for
#MARA
dating back to Dec 2023. Conclusion with Phase E in Dec 2024 effectively marking 1 full year of re-accumulation. We saw this exact thing unfold in 2023 with the Wyckoff Accumulation Schematic 1, which saw us enter Phase D in Oct 2023
Really doesn't get much simpler than this. Never underestimate the simplicity of a bull market. Up and to the right.
$MARA is beginning Wave 5 of this 2 year-long impulse, which will take us to the Fibonacci golden pocket, roughly $52-$60. From there, we complete the ABC
$MARA experienced a half a billion dollar order into close today. Could be covering and/or ETF positioning into tomorrow's S&P 600 Small Cap listing. Very bullish.
#MARA
$MARA
#BTC
#Bitcoin
Am I the only one who sees MARA did exactly the same thing in March of 2020 prior to halving? Declined for many weeks while Bitcoin continued to rise.. What followed was a 400% pump and reprice into the summer...
Imminent death cross for $MARA, keep a close eye on other indicators. The last time MARA experienced a 200day/50day moving average crossover it was a fake out followed by a swift golden cross, and a multi month impulse that saw gains of 300%+.
Could history be repeating itself?
$MARA trading range still within the ascending channel. MACD bullish on the daily and weekly. 0.618 fib level in sight, $52 price target for June-July.
#MARA
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My price targets for MARA in 2025. If we remain within this ascending channel for the duration of the bull market, fib levels 1.618, 2.618, 3.618 sit at:
$133.11
$213.47
$293.83
Top to coincide with Bitcoin cycle peak in Q4 2025.
#MARA
$MARA
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#MARApig
$MARA Price action mirroring that of the end of 2023. Bollinger Bands on the daily chart now the most squeezed they have been since Oct-Nov 2023, implying a big move in the coming weeks.
#MARA
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#bitcoin
Imminent weekly MACD flip for $MARA. Every flip resulted in a multi-week impulse, returns ranging from 200-500%.
I am expecting this one to take us to $52 in Aug, and $70+ in Dec.
July 2022: 5 weeks, 250%
Jan 2023: 27 weeks, 500%
Nov 2023: 19 weeks, 330%
#MARA
#BTC
#Bitcoin
$MARA left behind a very vulnerable gap on July 15th at $20.94-$21.57. Considering Max Pain for options expiry this week is sitting at $21, I would say there is a high probability this fills.
Keep in mind that statistically speaking, 76% of downside gaps fill within 45 days.
Trend still intact, support established and resistance broken with today's close.
2024 price targets:
$33.82
$43.29
$52.76
I expect a test of $83 in Dec 2024.
2025 price targets:
$133.02
$213.28
#MARA
$MARA
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#BTC
New bull thesis for miners, particularly MARA.
Best time to mine Bitcoin has historically been immediately post halving. This is when demand + transaction fees peak.
MARA is likely to mine MORE bitcoin during this period than pre-halving.
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$MARA
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$MARA transient breach of the upward sloping support line taking us out of this ascending channel. This occured twice to the upside this year. Why I say transient? technicals are all oversold, and a gap exists at $23, confluence with the 0.5fib level. A weekly close above $19
MACD bullish flip confirmed. Medium-term price target of $52 before a pullback of significance, with resistance at $33 and $43.
$MARA
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Roughly 2-4 weeks of sideways trading before we begin the impulse towards my summer price target of $52.
Confirmation to occur with a bullish MACD flip on the weekly, roughly June 10-24, with the price target being reached sometime in July.
#MARA
$MARA
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Not my work, but this is why I believe miners will absolutely rip in the 2nd half of 2024, regardless of BTC price.
Miners have been trading in tandem with the Russell 2000, which many analysts agree is poised for a 50% run end of 2024.
#MARA
$MARA
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MARA mined 19.60 BTC in one block!!! in a post halving world of 3.125 BTC block rewards. First block of the epoch.
16.475 in transaction fees!
#MARA
$MARA
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🚀🚀🚀🚀🚀
$MARA straddling long-term support right now, roughly at $17.42. If this holds we rally, if it does not we fill that gap down at $13.
Technicals now oversold on the daily, and on the 4hr, my money is on a bounce.
Possible return of the bad news is good news narrative in the
$MARA left behind a very vulnerable gap on July 15th at $20.94-$21.57. Considering Max Pain for options expiry this week is sitting at $21, I would say there is a high probability this fills.
Keep in mind that statistically speaking, 76% of downside gaps fill within 45 days.
Below is the 2.5 year-long trend since the high in Nov 2021. The question is, when will it be broken?
Possibly at the end of the 4 year cycle? November 2025 at $213.44?
🤔
$MARA
#MARA
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$MARA almost there. Let's put this gap behind us and follow through on this rally. I expect the gap to fill this week and rally back to $24 next week.
MACD on the daily is about to test a bearish flip implying slightly further downside this week, likely to fill this gap.. I
$MARA left behind a very vulnerable gap on July 15th at $20.94-$21.57. Considering Max Pain for options expiry this week is sitting at $21, I would say there is a high probability this fills.
Keep in mind that statistically speaking, 76% of downside gaps fill within 45 days.
Accumulation/Distribution indicator showing bullish divergence implying another big move in the coming weeks/months.
$MARA PT $55 by June
#MARA
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#Bitcoin
Some conviction behind this weekly candle. Bounced off of 2month long resistance, now turned support. Not much left in the way of resistance north of $35.
I believe we see a $55 MARA in the coming months, possibly weeks.
$MARA
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#MARAPig
#MARA
13F holders (institutions and hedge funds) continue to grow by the quarter. 147m shares now owned by institutions, nearly half the float.
#MARA
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Daily chart. Test of the bearish MACD flip: If we see a rejection either today or tomorrow, $41 price target in the near term. 🚀🚀🚀
Earnings...
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$MARA
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simple overlay of where we are relative to previous cycles, measured from July on a log scale. Very easy to see where we go from here...
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$MARA
MARA secures $300M through an oversubscribed offering of convertible senior notes. With proceeds, we purchased 4,144 BTC (valued at approx. $249M), boosting our strategic bitcoin reserve to over 25,000 BTC. Learn more:
Earnings day.. going to be fun..
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$MARA
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Meanwhile.. MARA mining consistently in the 30Eh/s range, producing even more BTC post halving than before.. nearing 18,000 BTC on the books.
The trend is your friend.
1month chart.
Reclaiming and maintaining the upward sloping support with conviction. Big moves ahead.
$MARA
#MARA
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Today Marathon is proud to announce that to strengthen our strategy of holding
#Bitcoin
as our strategic treasury reserve asset, we have over the past month purchased $100 million in BTC, and will now go full HODL
@saylor
$MARA RSI on the daily timeframe needs to cool, simple pullback before the next leg up. Bitcoin weekly candle close above 65,5k will determine next weeks price action.
#MARA
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#MARAPOOL
mined another block!
Fun Fact:
#MARA
has already mined more than what every other
#Bitcoin
miner will mine in the month of July with TEN days left in the month to pad their lead
Compare $MARA actuals to others projected totals....
$BTC
#BTC
Yesterday we broke free from 2 month long resistance, next level of resistance is in the low $30s.. not much left above that. Another phase of price discovery is imminent..
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$MARA
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$MARA Quite the battle unfolding here between the upward sloping support, and the resistance at 0.286 fib level ($22.) A direction will be chosen here in the next 1-2 weeks. My money is on a move to the upside.
#MARA
$BTC
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1 year long upward support is now converging with 2 month long resistance. Both to meet at the date of Halving. This implies a big move in either direction.
Sell the news or moon? Place your bets...
#MARA
$MARA
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#MARAPig
Potential buying opportunity in the not so distant future, some gaps to fill into halving.
I think they call this a "generational buying opportunity?" 🤔
$MARA
#MARA
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Just to give some context here, in summer 2020 (the summer following the 2020 halving) $MARA left behind 5 gaps on its 600-800% run.
Gaps 1, 3, 4 and 5 were filled, while Gap 2 was left unfilled.
Pretty consistent with the 76% probability of downside gaps being filled.
So I am
Just a little perspective for everyone. This is where we are in the cycle.
The overlay below is a proportioned display of how MARA behaved during the previous cycle, at exactly this time in 2020.
We are still early...
#MARA
$MARA
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Friendly reminder to everyone,
@fundstrat
Tom Lee's S&P500 target for 2023 was not hit until the 11th hour, the literal last week of the year. He has absolutely been spot on, and I strongly believe his data supported thesis on small caps comes to fruition in a similar manner.
For those who don't see it..
There really isn't much left in the way of resistance above us. Once we break out of this trading range, we have some serious euphoria to look forward to.
I expect $50 by summer.
$MARA
#MARA
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#MARAPigs
@anoosh69_a
Only marginally. Volume profiles for example are still valid as these orders are executed regardless of share float. I.e. someone who bought at $30 still bought at $30 regardless of whether the float was at 270million or 290million. These levels are valid and so too are the