MARA
mara long setup part 2follow up to the previous setup (view it at the bottom of this text)
mara saw a nice reaction from the last golden zone, and made a push up to that -0.236 algo target
so that's precisely how we're going to play this dip.
buy the 0.618 at $26
sell the -0.236 at $43.50
ps. unfortunately this mara chart isn't as clean as riot and some of the other miners, so i don't feel comfortable playing this any higher than said target.
riot w3 swingfollow up post to my last prediction (view it at the bottom of this text)
catch riot at $29, and ride it all the way up to $69
could hold it longer if you'd like, to around $200+
my trade though, is a shorter term trade to cash in on this upward volatility.
crypto miners will outperform ever asset class combined in the stonk market
position yourself accordingly ~
BTC Teethers to the real market....is there a correlation? In this first of many videos I have gone through a list of 100+ stocks and marked the placement of the teethers and the actual price point at the time I marked them. I will filter down this list to any stock I see a underlying correlation to the price action of the stock. I have used this technique to predict the bottom of bitcoin when it hit $30k and bounced. So basically finding the bottom twice with extreme accuracy. I actually believe I have some Ideas posted showing this bounce. and also some ideas showing where it would go afterwards. Being that bitcoin is above $42k I believe my 6 predictions leading up to it plus the two bounces at the bottom were all correct.
So I had a wild Idea....what if there is some correlation to the real market. A lot of companies are invested in bitcoin these days and a lot of institutional buying is also invested in bitcoin. If algos are trading bitcoin then it would be my belief that there is a correlation to the market and crypto through the algos that are being used. If a major institution is trading btc using its algo, and it is also trading the regular market, it would probably show in the price action in the same way. In just this first video, I think I prove that.
You are welcome to try and recreate what I have done here but I have acquired savant syndrome, I doubt you will see it the same way I do. There really is nothing to what I am doing that is special. I am just analyzing what I see, comparing that to the curve, wyckoff methodology, Candle stick technical analysis, Node analysis, and pattern recognition.
It takes me about 30 mins just to upload a video to Tradingview. So this will be 1 of probably 15 videos over a months time most likely an on going thing after the initial set that covers the first look. I will have to continuously adjust the list of the stocks that are showing some type of correlation to the BTC Teethers. Then Come up with an Ideology of how to interpret which lines are interacting with Price Action on each stock. If there is a Strong Correlation or a slight. Then come up with a test to really see if this stands up as a solid indicator. If anyone would like to help fund this, it would be much appreciated as it would take up 8-12 hours a day for months if not years. Finding early results would be easy but really finding out how this plays our will take months, each stock. Contact me here if you are interested in helping and I will post you in the credits plus give you first hand review of all the findings as I go through them. Thanks for watching.
by iCantw84it
08.17.2021
COIN Earnings TOMORROW$COIN has earnings tomorrow - to me, COIN is one of the most undervalued crypto plays. It has yet to get caught in the hype, option IV% is about half what you pay on RIOT+MARA. there is a lot of room here for price to push into new territory. I am loaded with LEAPS. $310 target by end of week
BITF - Undervalued to peers, based on BTC minedBitfarms Ltd. is a canadian bitcoin mining company. Resistance at $6.45, as that is highest close and tested that level twice already. The chart basically follows bitcoin, so I am going to write about bitcoin mined compared to RIOT and MARA. BTC mined for BITF in may 2021 = 262, RIOT = 227, MARA = 227. June 2021 = 265, RIOT = 243, MARA = 266. MC of BITF is 5x less than MARA and RIOT. Earnings is Aug 16th, so if there's a pullback . It would be good time for entry.
After Big Push Up and Earnings Inflation, Time to Sell RIOT?In institutionalized markets, we often see patterns of up and down, up and down, verses more free markets, in which we see large bull trends followed by disastrous bear trends for some. The more popular the asset, the more swings we often see, as people play a tug of war to win Bull or Bear.
As you can see in this long-term Daily Chart, RIOT has had two weeks of a solid uptrend, followed by slight sell-off, and consolidation near the top. The bottom lies around the golden figure of $22 USD.
In the shorter-term to medium-term charts, I see little room to move up on the top, with Bitcoin once again reaching resistance at $41,000, and massive downside potential. For the monthly chart, we are at a monthly high. Warren Buffet would recommend to sell the overbought monthly high for a weekly profit.
Technical indicators show we are overbought, and due for a slight-to-moderate correction. For the yearly, we are still in a downtrend for both RIOT and BTC, with highs far, far away.
The push up in RIOT is likely due to its earnings coming out in two days. Days before earnings arrive, the stock anticipates positive or negative earnings, and rises unexpectedly. Most of the price action commonly occurs before, not after earnings come out.
Don't buy the hype. Markets feel ebullient, with SPY at all time highs, making a 38% gain in 1 year, but much of the country is truthfully in a depression. Banks just lowered interest rates again, making savings accounts useless. Many other modern countries having savings with a rate of 8%, more than the typical gain per stock market year. US will have a harder and harder time existing on trillions of debt and even Bitcoin and cryptocurrencies can't save the monster of debt US is lugging around behind its warguns.
For myself, I'd rather sell resistance, and buy major support.
Ask yourself, too: what is a bit of coin? What is a bit of money to you? A bit of coin to Bank of America is $10 for quarters. That is the maximum amount of coin they will give you.
Now think about a billionaire's motive: what is a bit of coin to him? This man has never had to live paycheck to paycheck, does not know the real value of money. To a billionaire, a bit of coin is $100,000. To a multi-millionaire, they often spend $50,000/month on housing and other expenses. At least, that's what I've seen with my own eyes, with real people millionaires.
If Bitcoin continues to go up, its ultimate DARK SIDE comes out. It will have the capacity to inflate all assets. In my city, food prices have doubled in many restaurants since BTC reached 60k. Apartment prices have gone up at least 10%. Many people want higher Bitcoin, but it may destroy USA. USA is known for little inflation and fair prices to be united. You have to be a citizen first, and Gordon Gecko of greed second.
Reminder: Always do your own analysis.
RIOT - Bullish flag pattern on 4 hrBullish flag pattern on 4 hr chart. With BTC and ETH up 1 -2 % over the weekend, look for Crypto stocks to get a little pump on monday. Open interest for Aug 20 expiry - 3100 $35 Aug 20 calls, 4600 $40 calls. MARA MSTR BTBT are other bitcoin related names to watch.
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!
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.