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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/
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
what indicators are you using? do you ever do any youtube vids?
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.
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?
Bitcoin looks like it wants to pullback to 62-64K, that's where/when I'm buying BITO calls
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.
you arent the only one confused........I think Blackrock IS going to apply for one like that, I think I read somewhere
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
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.
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.
Just picked up some 19/20 Strangles dated 3/22
I say $16.20 to $18.20. Leaning towards $16's
no support at 18+ area?
Getting closer. 16's next support area
yep, I just discovered that a couple weeks ago.........I havent done any DD to find out the differences between it and the other etf"s, but I will
Thanks! I didn't know BITO had options, I'll buy the pullback
yep, i'm looking for this fall to get approved, maybe sooner.....in the meantime, i'm trying a few BITO options to see how it goes.......but I noticed, it doesnt get much action beyond a couple of weeks, so I have to buy very carefully on the bid side when I can or split the bid/ask
1, you don't have to sell it as a loss
2. 50% of the position would probably be smarter if you were itching to do so
3. Nearly every decent crypto (and bitcoin is #1) comes back... (miners will too)
I've learned, the hard way. Now I leave positions, when I can leave a free position behind. I'm guessing you could leave with your investment soon enough.
The ships here will rise with the tide, if you need mstr exposure, maybe get a few with fresh powder on a down day.
I've been cost averaging since 180$ on mstr, and don't plan on selling them or btc for many years into retirement.
Should I sell this pos for a loss and move on to MSTR?
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
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
Yep. And they're making good money cause of inscriptions. And STILL somehow they dumping. Total garbage
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.......
Leave these garbage miners and buy the etf
Incredible! It was $6 a year ago... not pathetic.. SMH lol
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
trying to get used to the MARA volatility........lol, i'm too old for this stuff
If you're day trading.
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
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!
do you use 'tick candlestick' on any charts?
Thanks, I always buy when gaps fill in uptrends! Only 1 tick gap now and I consider it filled!
you were way off on this one.........
lol, you missed it by .01............it reached 21.63.......Outstanding!
21.63 lod leaves a 1 tick gap, big buying OP right here folks! I added more June 22 calls
Gap at 21.62 will prob fill and be another buying OP imo
Yes exactly. That’s how they funded their operations. But they still HODLed the rest.
Yes exactly. That’s how they funded their operations. But they still HODLed the rest.
I saw it on the financials maybe I read it wrong but here is a paste; Revenues increased 452% to $156.8 million in the fourth quarter of 2023 from $28.4 million in the fourth quarter of 2022. The increase in revenue was driven by a 172% increase in bitcoin production year-over-year, coupled with 101% higher average bitcoin prices during the period.
The Company sold 56% of the bitcoin it produced during the quarter to fund operating costs.
Where did you see that they sold 56% of their bitcoin holdings? I think you meant that each month they were paying their expenses with bitcoin, but they still have their HODL of about 17,000.
Where did you see that they sold 56% of their bitcoin holdings? I think you meant that each month they were paying their expenses with bitcoin, but they still have their HODL of about 17,000.
Where did you see that they sold 56% of their bitcoin holdings? I think you meant that each month they were paying their expenses with bitcoin, but they still have their HODL of about 17,000.
Dilution and sold 56% of their bitcoin holdings. So their valuation it’s cut in half. Could have should have been at $60 by now.
Why in the world is mara have so much trouble shooting past 30’s? Record high bitcoin prices and still stagnant.
ROCKETING thru $66K
Bitcoin breaking out over 64K!!! MARA dip was to be bought!
Great explanation from CEO Fred Thiel. The future looks pretty good for Marathon Digital Holdings!
https://www.msn.com/en-us/money/news/energy-consumption-focus-will-shift-from-crypto-mining-to-ai-fred-thiel/vi-BB1jboOh?ocid=socialshare#details
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