It doesn’t always have to be Bitcoin! I already announced it recently – now it’s time: Coinbase and Marathon Digital have both fallen enough to reach attractive buying zones. This is not a recommendation to go all in. Bitcoin is currently at $40,000 and could drop another $5,000-$10,000 before heading back up towards a new all-time high.

As such, I have invested in both stocks today or bought more shares. With Coinbase, I have chosen an open-end knock-out with a small leverage. This makes the ride up even more exciting. With Marathon, I am buying more shares. While my current stock investment is still up 51% despite the price drop, we are only at the beginning of the next crypto bull market.

Weekly chart of Coinbase I took a certificate with a leverage of 3. This means that the stock would have to drop by one third for the trade to expire worthless. I have marked the Fibonacci zones between 78.6 and 61.8 percent. We are not there yet. However, the last weekly candlestick already shows buying interest again. And before I miss out on the ride up, I’d rather take a little now. Ideally, we will fall into the purple zone and I can buy the certificate cheaper.

(Source: Tradingview.com) Since we are stylishly in an uptrend on a weekly basis, we can use the usual pullbacks to build up our position. During the last small stretch between June and July 2023, prices also correspondingly fell back between the two mentioned retracements. A clean uptrend with nice buying zones in between.

If Bitcoin does indeed fall further, we will end up in the mentioned zone at Coinbase at least. If the $40,000 level is enough for the BTC bulls, then COIN will also rise again. The situation is similar with Marathon Digital, which is of course much more dependent on Bitcoin’s price.

Weekly chart of Marathon Digital Here we have already reached the optimal buying zone. The first buyers noticed this today as well. That’s why I will add a little more here. There is no leveraged certificate, but the stock is already functioning like a leveraged Bitcoin. That’s how quickly prices change here when the largest cryptocurrency moves.

(Source: Tradingview.com) You can see this from the price range since October. Bitcoin rose from $15,500 to $44,000 back then. That’s an explosion of about 3 times. Marathon Digital soared from $7.20 to $31.30. That’s more than 4 times.

MARA went down even faster this time. While Bitcoin fell 17% from its last high, Marathon Digital plunged more than 50%. This is of course ideal for buying more shares, as the overreaction will be balanced out later.

Where were the important highs? As a reminder: Coinbase’s stock cost $368 at the last all-time high of Bitcoin ($69,000)! That’s about three times the current price. Bitcoin only needs to gain about 60% to reach that level. This also looks like a leveraged price comparison.

At its peak, Marathon Digital cost $83 – which is about five times the current price. Both stocks directly participate in the price development of Bitcoin. Coinbase as a crypto exchange with many other functions. Marathon as a crypto miner that performs blockchain calculations on a large scale.

Even with just one of these stocks, investors are well positioned for the next all-time highs in Bitcoin. With both, we of course diversify the risk a little.

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