MARA: Trendy Wyckoff Theory AnalysisI've plotted Wyckoff Theory over MARA. I feel we are currently in Phase E.
MARA
BTC MARA StraddleWe have a three day weekend coming up since the markets will be closed on 05 Jul. This presents an options trade opportunity because the options and CME futures will be closed for three whole days AND BTC could make a big decision at some point during the weekend.
I plan on entering a trade on Friday, 02 Jul at 2pm EST using options on MARA, a Bitcoin mining stock that is more volatile than Bitcoin itself. I may have a bias for direction and use an unbalanced straddle (ratio other than 1:1 for put-call). I will use options with an expiry of 09 Jul and post the entry here. I will use an options calculator to determine the strikes and ratio for the trade. At the moment, I like optionsprofitcalculator.com despite the 1990's web design.
This straddle will result in a loss if MARA does not move enough over the weekend. "Enough" depends on the put-call ratio and strikes used.
My current bias is down. If I were to enter the trade at this moment, I would use a 3:2 put-call ratio, which results in higher returns on downward price movements. My bias could change between now and then. I may be neutral and just bet on volatility with an even 1:1 put-call ratio.
Bitcoin to 100K? Reversals happen when everyone least expects it. I keep hearing "back to 20k", "bull run is over", "bulltrap".. well, crypto charts truly are harder to predict nowadays.. but something about this generation makes me believe this crypto run isn't over just yet. Times change and chart analysis changes with it. History does not always repeat itself so let this bull run continue!
MARA Looks Very BullishWe had a big pull to the downside and we look like we are going to bounce, it will probably pump and then retrace to support and confirm and repeat.
Not Financial Advice
morning, nice day to buy $MARA, $MSTR, and othersLooks like a good day to buy cryptostocks, like $MARA, $MSTR, $BTSC, $BTCS
HUT, BFARF, MARA, RIOT performance against BTC this week UpdatedHUT, BFARF, MARA, RIOT performance against BTC this week
Long Marathon Digital HoldingsI getting long Marathon Digital Holdings as soon as a good entry becomes available.
Both price action and stock fundamentals make this a very attractive buy for a great risk/return trade.
RIOT could roll up past All time High by End Of YearRIOT could roll up past All time High by End Of Year
Not Financial advice just a computer drawing - I should be painting right now.
If the story on these miners can turn to green energy and efficient tech the stock price will rise just on the speculation of a new good idea.
the 5th wave of Elliott is starting with a $92 targetcypher harmonic pattern:
3-4=0.38 X-3
4-5=1.42 3-4=$92
tp1=0.78 4-5=$26
tp2=1.27 4-5=$11.86
tp3=0.78 X-3=$5.76
tp4=2 4-5=$3.67
Quick ChartCup and Handle? With more volume, potential breakout. Heck, nowadays everything is a potential breakout LOL
RIOT Swing Trade 5/27/2021Look at day chart and week chart, consolidation on the 200 SMA for the day chart and major break out above 9 SMA. Bearish doji and morning star on week chart, also a break in the 27.50 resistance. Price is going to be heavily based on the price of BTC. BTC broke 9 SMA on the daily and nearing break on the 200 SMA, with a MACD flip and a RSI coming back from 30. Double bottom on BTC with higher lows, broke 40k resistance. Great trade! This is not financial advice, I am not advocating the buying or selling of RIOT stock.
$MARA Update - Choppy Start to the Trade, but following through MARA bouncing off the 200DMA as I predicted in the previous week, solid way to give yourself BTC exposure, entry was a little early with unfortunate timing due to the bitcoin drop, but I do think a reversal is here.
$MARA looks like we have more down possibleUsing ichimoku, and the fact of the recent BTCUSD downward movement, we have more room to go down, and looks like we could probably touch $14 range before something happens. Volatility is always a big deal with MARA, and though I have a long position in MARA, I won't do anything until it touches $14 area and confirms a bounce back. This is just my own analysis and in no way financial advise. Short term short, before highlighted is met.
Very bearishPeople will buy the dip and stock will rise short term, however, long term this is looking extremely bearish.
Will MARA be a buy at $13-14? I've been watching RIOT and MARA fall epically down the last month from their amazing highs.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
MARA - The end of a downtrend RSI shows bullish divergence, you can see higher lows on the RSI while MARA makes lower lows. This is confirmed with a break in the downward trendline.
The ADX just crossed into bullish territory.
Buy some calls now while they are cheap!
MARA $MARAMiner has been taking a beating after accelerated rise in price. When this happens, what goes up , must come down. Yesterdays head and shoulders has not completed it measured move to 14.00
MARA in Bottom of Yearly Channel - Watch for Sharks!Goldman Sachs longtime exec Aziz McMahon, who had worked for investment bank Goldman Sachs as a managing director and head of emerging market sales for 14 years, made about a million in BTC, ETH, LTC, and Dogecoin. Aziz quit his job at the company earlier in the week, a decision he had made after cashing in his Dogecoin investments. It’s unclear how much the ex-Goldman employee made from the crypto, but people familiar with the matter believe it’s a significant amount, most likely counted in the millions.
Well, it was ALMOST me that turned my few pennies into a million this year, but incredible negativity due to COVID-19.
May you all get vaccinated.
stockinvest.us
MARA has reached the bottom of the 12 month channel.
Can it rise back up to its 100 EMA of 31?
Or will it break the ascending channel, which has held strong for many months, and tumble back down to $10, or even $2?
Other sites say it has a new price target of $95 and a 90% chance of reaching $52 within 12 months.
What do you think? Anyone want to help finish my new bot?
MARA Testing Critical Support LevelPrice continues to sell-off! We're now down 60% since the all-time high in April. Let's see if price can hold this support level at 24.00 per share. Price is facing significant risk of breaking below level if bitcoin sells off. On the other hand, this could also be the intermediate bottom forming. It's really hard to say which scneraio will play out, but this stock is defiantly worth keeping an eye on.
