Marathon Digital Holdings Inc (MARA)

[Mikey]

I picked up the BITO 30's dated 4/26.....I offloaded the 35's and rolled em in to 30's

[Chartmaster]

Thanks man! And I did buy 8 Bito June 30 calls at 3.20 today!

[Mikey]

GOOD GOD, man.........you NAILED that pullback......OUTSTINKINGSTANDING

"Chartmaster

Re: Mikey post# 14565

Thursday, March 14, 2024 3:12:38 PM

Post#
14568
of 14584
Bitcoin looks like it wants to pullback to 62-64K, that's where/when I'm buying BITO calls"

[DR_rugby]

Margin calls are like magic

https://m.youtube.com/shorts/7rvlPc6QHik

Leaver’s of banking

GLTA

[DR_rugby]

Fed repo program is under $435b

https://fred.stlouisfed.org/series/RRPONTSYD/

Market shorts Liquidations are coming and swap contracts margin calls are coming due soon

What would happen if a state actor got caught with Bitcoin shorts if they took hedge funds Bitcoin shorts as collateral??

Would the actors need to buy the coin to cover??

GLTA

[DR_rugby]

Is Bitcoin the weapon against evil?

The fifth element??

GLTA

[DR_rugby]

They’re replenishing the wallets for big bank loan payments due 22nd

If they don’t pay they default and then

Insurance payment will occur and they loose power

GLTA

[Chartmaster]

Btc reversing today, 64553 was the lod, it may be the correction bottom imo

[Chartmaster]

YW, I see it traded below 66K, on it's way down to 62-64K imo, then it's time to buy....but I would turn more bearish if it trades below 59700

[Mikey]

Outstanding call on pullback!! Thanks!

[triannual]

If it goes below 16, you will get those tens. The next stop after that is 10.

[luckydude777]

So far, 68,000 area holding pretty strong. See what the weekend brings.

[DR_rugby]

Looks like they have gotten enough

Bit coin cash to cover margin call loan payments for this period of shorts and collateral requirements

They now are buying back in to build up the funds for the future payments and contracts rollover

When you are tied to a hip of something

Sometimes one jumps on the hippo hip tail

As it is a pack animal in herds that lives in a pond for the most part

Tow into a pond what will we pull out

34rs$$ coming back to like 77k$ Bitcoin
Is like the McRib it’s coming back

GLTA

[TheKid5]

Come on $19. My $22 shares need this :)

[Chartmaster]

No indicators on my Btc bar chart I get from Coindesk, just use support and resistance and look for reversals, 73K was too far too fast and 62-64K is support.
MARA chart I use Bbands, 50, 100, 200 day MA's, Stochastics k5 d3, and Volume...no Utube vids

https://www.coindesk.com/price/bitcoin/

[Moonboy1]

So the CEO is an obvious moron if he made rye call to sell half of the Bitcoin holdings from this company. Need a new CEO. But what I don't get is why the other miners are also way down

[Mikey]

what indicators are you using? do you ever do any youtube vids?

[InspectorBullit]

If this hits ten or eleven bucks, I buy. I don't see how it does, unless bitcoin dips to low 60s. Even with the CEOs fund-friendly disposition, such as diluting to pay off loans that weren't due, there's still a reward here for retail.

[Mikey]

well, I tried to get a fill on left side on more 35's for next month.....probably just as well......i'm pretty sure blackrock or couple of other ETF's would come in and support it before it gets that low, but who the hell knows, eh?

[Chartmaster]

Bitcoin looks like it wants to pullback to 62-64K, that's where/when I'm buying BITO calls

[lakes]

Jesus frigging Christ, how many shares do these aholes have to short, or is this mostly naked shorts. The shorting and dilution here is relentless.

[triannual]

Another red day

[Mikey]

you arent the only one confused........I think Blackrock IS going to apply for one like that, I think I read somewhere

[Chartmaster]

I don't get it? All these new Bitcoin ETF's and I don't see any trading like it's a spot ETF...The S&P500 at 5160 and the SPY trades 516, so Bitcoin at 73K I want to buy an ETF one at 730 or 73...that was the whole purpose of all these new ETF's was to provide a Spot Price ETF

[lakes]

Sure wish I had sold 40% last week. This has been way too easy for the shorts. When they do another round of dilution, I will be joining the shorts.

[InspectorBullit]

I sold 40% of MARA early last week for MSTR (I already was in MSTR). But I'm holding 60% through the halving and beyond. Historically, miners, as an entire group, have dipped significantly before halving and then rocketed. I'm also in miners that don't HODL. If bitcoin eventually goes where I think it's going, everyone wins.

[Mikey]

Just picked up some 19/20 Strangles dated 3/22

[triannual]

I say $16.20 to $18.20. Leaning towards $16's

[Mikey]

no support at 18+ area?

[triannual]

Getting closer. 16's next support area

[triannual]

16's next support area.

[Mikey]

yep, I just discovered that a couple weeks ago.........I havent done any DD to find out the differences between it and the other etf"s, but I will

[Chartmaster]

Thanks! I didn't know BITO had options, I'll buy the pullback

[Mikey]

yep, i'm looking for this fall to get approved, maybe sooner.....in the meantime, i'm trying a few BITO options to see how it goes.......but I noticed, it doesnt get much action beyond a couple of weeks, so I have to buy very carefully on the bid side when I can or split the bid/ask

[Smallblock]

1, you don't have to sell it as a loss

2. 50% of the position would probably be smarter if you were itching to do so

3. Nearly every decent crypto (and bitcoin is #1) comes back... (miners will too)

I've learned, the hard way. Now I leave positions, when I can leave a free position behind. I'm guessing you could leave with your investment soon enough.
The ships here will rise with the tide, if you need mstr exposure, maybe get a few with fresh powder on a down day.

I've been cost averaging since 180$ on mstr, and don't plan on selling them or btc for many years into retirement.

[TONY64]

Should I sell this pos for a loss and move on to MSTR?

[Chartmaster]

Me too! Had to bail on MARA today and clean spark and cipher, still holding micro miners vtxb cgac..I want to buy IBIT options when they get started

[Mikey]

All the miners are down.......I started seeing this late last week.......and i read somewhere on X TWIT, that It was happening, so i deferred to the wisdom, lol

[Vexxed]

Yep. And they're making good money cause of inscriptions. And STILL somehow they dumping. Total garbage

[Mikey]

All out of MARA........Adding IBIT AND BITO 35's dated 4/26........this is painful, like saying good bye to an old girl friend, dammit.....KISS KISS MARA- you were damn good to me since Feb 2023.......

[Vexxed]

Leave these garbage miners and buy the etf

[TheKid5]

Incredible! It was $6 a year ago... not pathetic.. SMH lol

[Ringrock]

Pathetic! Mara broke 30 on 12/27/23 the btc has now tripled from there, again on 2/15/24, 2/28…
Maybe she’ll touch 30 again when btc hits 100k

[nowwhat2]

https://cointelegraph.com/news/bitcoin-miner-revenue-second-best-day-history

[Mikey]

trying to get used to the MARA volatility........lol, i'm too old for this stuff

[triannual]

If you're day trading.

[IOUBLOKE1]

doea anything matter when all the workers get milloons of free shares. The entire market is coming to an overhaul. A good profit either way when divesting

[Chartmaster]

I mostly use Daily Bar charts and always buy at the rising 50 day MA, sometimes I use a 5min intra-day bar chart for entries, there, I buy at the rising 100 period 5min MA, works like a charm!

[Mikey]

do you use 'tick candlestick' on any charts?

[Chartmaster]

Thanks, I always buy when gaps fill in uptrends! Only 1 tick gap now and I consider it filled!