From one boom to the next. Last year, inflation boomed. This year, it’s artificial intelligence and cryptocurrencies. Marathon Digital has now reached a zone where profit-taking could set in. But even Coinbase seems to need to gain momentum from a lower level.

Coinbase in daily chart The stock of Coinbase is showing a steep and erratic rise. Such price gaps show how exaggerated the situation is at the moment. The marked zone would be the target for a nice pullback if Bitcoin were to weaken again. Obviously, there are many question marks behind this and there is still some room for growth.

(Source: Tradingview.com) Bitcoin is now at $52,000. It could easily rise to $54,000 in the next few days, maybe even temporarily exceeding that. We have to wait and see what happens here. However, it could simply continue to rise. This is what NVIDIA has shown. Or the S&P 500. It is now back above 5,000 points while the DAX sets a new all-time high.

Why should it turn now? There are simply no suitable candles in the chart yet. NVIDIA and Coinbase are clearly exaggerated, but an exaggeration can last longer in the stock market than you and I think.

Marathon Digital Here I have even found 2 zones where a pullback could go now. But of course, there is also no guarantee that the prices will actually fall at Marathon. My entire stock position at Marathon Digital is now up 135%. This is of course tempting to take profits and buy back later at a lower price. But Bitcoin has to give me the sell signal.

(Source: Tradingview.com) It would be nice to see the price gaps close in this chart. However, I looked at the development of Marathon during the last Bitcoin rally in 2021. And there it is: The prices shot up just like now. Then there was a 44% setback. And from there, prices rose to an all-time high of 263%.

By the way, we wouldn’t even have reached the high yet. If we compare the price development with 2021, the stock price of Marathon would have to double again before the mentioned 44% pullback occurs. Logically, this will not happen exactly the same way.

Conclusion The stock market rhymes, but it’s not completely identical. Alternatively, I’ll just sell nothing and only buy again when Coinbase’s prices are below $140 and when Marathon is around $18.

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