@MarkOftheBEAS14 Bc we expect the worse, it has to make you wonder...the volume these last 4 days has been the lowest its been and "usually" when we're this low, we pop. Look up the weekly chart and analyze the volumes before the spike. Let's see...
@tbone4121@CK_Cryptoklepto If I'm not mistaken, we already have at least 1GW of power that's in plan for conversion or already done. We shall see today. Best of luck.
Closing Long Ridge is #2 in priority. What takes #1 is an update on AI/HPC tenant contract. If the narrative continues to be "we're in discussions" then expect a dump. We have the power....and a lot more coming online...with Long Ridge closing in September (they said Q3, so that's the end of the line) we should have a hyper scaler lined up already...
@morris11183 Here's how I see it...we're currently in a Phase D LPS. The current pullback remains acceptable while MARA holds approximately: $10.42–$9.96. If this hold true and we show signs of strength above $14, my thesis is correct and we can move onto Phase E.
@morris11183 😑I'm just hoping my Wyckoff analysis on this damn ticker plays out for once...from my observation, that touch at $6 was Phase C (Spring) and working on Phase D. Time will tell. 2.5 years in this channel has to mean something...(right???)
90%+ institutional ownership is double-edged. Positives: deeper liquidity and a tight tradable float that can fuel sharp upside if funds add or unwind hedges. Negatives: passive rebalancing and convertible/hedge books can cap rallies and accelerate selloffs. Net impact turns positive only when institutional flows flip risk-on.