Bulls are wrong about MARA? Bears are right? Why am I not worried. 🤔

Hey mooers!

Yes I know what you thinking, Aaron are you trapping me to read again?

Disclaimer: I do hold amounts of shares in MARA and this is purely on my own opinions. Please do your own Due diligence before investing. This is not a recommendation to buy or sell.

Well I just wanted to share what I just heard briefly in the Earnings call and what is my view about MARA.

The objective of holding it is for the reason of flexibility and availability of credit to be handed to them.

So long as Bitcoin remains at 80k and above, their line of 200mil credits can be considered stable.

It is likely depending on the direction of Bitcoin. If lets say Bitcoin were to tank and bears 🐻 were right about it, the companies will start to use that line of credits for development of data centre as a form of revenue. If Bitcoin gone bullish 🚀 , it is likely they would do more expansion to mine more Bitcoin targeting at 50 eh/s by 2025.

In other words they the company knows the direction of what they are doing.

Based on the technicals we would see today, it is likely that MARA would be facing a short term pullback. Daily candles are forming a resistance at 25 range while a huge gap between 19 to 22. If the pullback is not so significant, then we would see a bullish uptrend.

Bitcoin is also showing a pullback in the price action

However, what I am seeing now is a strong demand after a long wick showing strong support at 77k. This strong support shows that as long as Bitcoin were to maintain within the 82k to 86k, we could see a bullish trend to 90k and above! 🚀

Alright folks that is all for my sharing. Good blessings and may your trade be ever in your favour.