Mara Swing Trade IDEAMARA: favorite crypto mining play that will go up with bitcoin’s overall direction. Dilution somewhat often.
My outlook on BTC is very bullish throughout all of 2021 if your willing to hold in this volatile market, I see MARA as a clear buy.
My team and I have seen great success day trading MARA.
If you are interested in join my stock trading team we are now open for enrollment @ :
doughboyinvestors.org
MARA
CCNC-you dont know the next stock to ROCK the crypto worldso this is "Code Chain New Continent"
FUNDAMENTAL:
they are quietly building a crypto empire and staying under the reader - a couple of interesting facts:
1. In early February 2021, the company have an announcement for a new co-CEO -David Feng :
"David Feng holds years of experience as a senior computer network security engineer. As the strategic expert and architect in Blockchain, he has applied for several patents on Blockchain core technology, artificial intelligence, and big data"
this is on the tip of the iceberg to what Mr. Fang has done on the blockchain.
2. 23rd Feb, news for CCNC purchase 10,000 Bitcoin mining machines to start their mining business.
The company is expecting over 30k $ per day from these miners and has already put them to work.
3.On march 2nd Company published a ‘Letter of intent’ (LOI) to XiaoJin LangLang, in the intention of acquiring 61% of their business!!!
if they act on this LOI (any day this week!!) that will be a big jump on the stock.
“Under the terms of the LOI, the total consideration for 61% of Xiaojin Langlang's equity interest is expected to be RMB 36 million (approximately USD 5.6 million), subject to completion of a third-party valuation. Of this amount, 50% shall be paid in cash, and 50% shall be paid in the Company's shares of common stock. Code Chain is required to pay $500,000 within 7 business days from the signing date of the LOI, which will be applied to the final purchase price upon entry in to the material definitive purchase agreement. “
(taken from the SEC official LOI)
CEO is also a doctor in blockchain and innovative technology - full DD in our site contains full details.
Lets talk technicals :
So we got a motive wave from 8th of Feb to 17th of Feb with a high of 11.6$, and a volume measure of 14M.
After that we had a retracing wave to the 6.6$ line -what happened next in my opinion had nothing to do with the stock but with the stock market and Crypto market – the drop of 12% of the NASDAQ in a week took the stock in to new lows from 6$ to 4.2$.
Stock needs to go back to the 50% level at 6.6$ (if the market is done with sharp bearish moves).
If we are considering the Eliot wave theory then the stock is ready for its third stage of the impulse (the strongest one! ) to take us back to 10$+.
• Stochastic oversold (8)
• ADX on the 20 level (no trend)
• Ending volume is expected to arrive acc to market cycle theory
• Gap between 4.80 to 5.20 is filled
***If we see stock crosses 3.9$ downward we can enter a low of 2.8$ (at worst case)
***If we see stock trending up we expect it to go back to the POC (50% line is the same line at this case) 6.6$
Volume analysis :
3m average volume: 895K
1m average volume: 1.3M
This week volume: 3.9M
Once the 500k will be transferred (if LOI is executed the stock is expected to give us an upside of 25% - 30%.
And a year from now accounting a 30k min mining gross profit the stock is expected to be well beyond 15$.
We will be waiting to buy the stock and once the market gives us a definite answer regarding the bearish trend that started this month.
please read full DD for the full picture
please trade safe !
EBON... is this the bottom?$EBON, as blockchain stocks (mara, riot, sos) are seeing decent movement with Bitcoins push this past weekend, Ebon seems to be lagging behind, trending in a nice channel up. at the bottom of the channel here with lots of upside to run. Good point to long here with shares or get leaps (options premiums are cheap now and not jacked up). Watching for reversal as we break this triangle to go for that gap fill at $10.87. If BTC continues to this flat choppy correction ebon will be very choppy as well. If BTC rallies to 55k+ blockchain stocks will rally as well.
Key Levels
Support: $6.53, $5.79 (oversold under this level)
Resistance: $7.18, $8.56, $9.98
After 14000% gain in less than 1 year what could happen?Potential price drop:47%
Reward/Risk:2.27
Timeframe:3-6 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
I still believe stock market is the HOTEST market!Professional traders love turbulence in the markets because bigger fluctuations means bigger opportunities to buy/sell.
When newbies panicking, the real wolves come out for hunts. They are disciplined strategist who have action plans for different markets.
What makes a trader exceptional is his mindset..! To be exceptional you should have NEUTRAL MINDSET, you should trade like machines, there should be zero tolerance for your feelings.
An exceptional trader has action plan for every moment of the market, it doesn’t matter it is bullish/Bearish, you should be prepared for every situation, if you don’t want to be washed away by big waves.
To maximize your profits you should first recognize the most emerging market. As you see RIOT and MARA are influenced by Bitcoin price and react more aggressively in bullish rallies they out perform Bitcoin itself by huge, and in correction they provide bigger sell opportunities! In the most recent 23% correction theses stocks corrected 43-47% in less than 4 days. Assume you bought their put options!
Last week I asked my followers to take profits out of these stocks and 48 hours ago when Bitcoin was 56975, I send them an EMERGENCY NOTICE of 10-20% correction in Bitcoin price!
For more information and evidence, please review my analysis in the related links
Moshkelgosha
BTBT (bit-digital), the forgotten bitcoin miner to 45?Of the three big public bitcoin mining companies (excluding CAN), you'd expect all three (RIOT, MARA, and BTBT) to look the same. But they don't. RIOT, which has a 100m shelf offering has been the biggest gainer. MARA meanwhile is forming a bit of a bearish wedge on it's ascent, and then we have bit digital, BTBT. This is showing a nice rounded bottom with clear resistance around 30. At 2.2 exahash (per their website front page), this is more than twice the hashing power of RIOT. MARA claims to have funding and orders for 100k machines, putting it at over 10 exahash! So, why is it that BTBT is lagging behind?
I can't say, but the chart shows a very nice rounded bottom pattern. Breaking the congestion around the 30 level could open this up to 45-50 (low of the rounded bottom at 15; top at 30).
MMNG mining global mining-global.com
Not current with Sec
Was registered as mineral mining outfit.
Working on the website
Looks like they gunna try their hand at bitcoin mining. Who else mines bitcoin? Riot and Mara. If your not familiar, I suggest you look at those charts to get an idea of what could happen.
Will it happen Monday? This week? Next month? Most likely not, but investing is about patience and using that one muscle god gave us that separates us from the ape.
Gl all.
SOS-did you buy too high -what to do next ? SOS
So let's talk technicals :
The stock shot up 263% (red trend line) in 6 days. It did it in 2 waves of impulse.
The stock got massively dumped on the 17th of Feb – this is a big drop in a 2-hour time frame with over 50% retraced. Not a good behavior of an asset with a catalyst on it as it looks like a pump and dump which is not the case but traders took it as a flip!
Correction on the drop of 50% up from 10.5$ to 13$ -then stock lost traction several dojis in a row.
Guess what comes after several dojis in a row – a drop😊 that’s usually the case if you have an igniting bar followed by Dojis.
The stock touched below 10 – notice 10.5 is a KEY number on this trade!
Volume of entry is bigger than the volume of exit meaning the cycle is completed and now we wait to see where the second cycle takes us (opening volume vs closing volume)
RSI showing more room on the downside on 1H meaning on a 4H we are on the mid of the RSI level
What's the play?
Simple :
If the stock crosses 10.5 below and hits 9 this could be a convergence level where the stock will slowly travel downwards…. We must watch out for 10.5 level and 9 levels!
on the Other hand, if the stock bounces off the 10.5 to the 11.5 line and CROSSES it – we are good to go to the previous high at 16$ and potentially get a new higher high.
Notice accumulation is needed above 11.5 so we may get a side trend on that level before we go to the 16$
Volume Analysis :
3-month average: 23.5M
1-month average volume: 48M
Volume that drove the first wave up 70M
Volume that drove the price down 60M (good means we still have a lot of traders in on this one)
Current volume: appx 10M -keep an eye if crosses 30M we may get another wave up
FDGT will wait to see whats the stocks next move and if we get 11.5$ + we may jump in
Please do your own DD on the stock and trade safe!
We expect a correction on BTC soon that may correlate with the stock
Trade safe and be safe
FDGT the traders union
The interested parties.."I generally ask and receive calls on a block of stock. I insist upon graduated calls as the fairest to all concerned. The price of the call begins at a little below the prevailing market price and goes up; say, for example, that I get calls on one hundred thousand shares and the stock is quoted at 40. I begin with a call for some thousands of shares at 35, another at 37, another at 40, and at 45 and 50, and so on up to 75 or 80."
Jesse Livermore describes how he manipulates share prices in Reminiscences Of A Stock Operator, written 1923.
(NCTY, January.4th, 2021)
"Our goal is to build up cryptocurrencies mining machines for The9 that will contribute 8% to 10% of the global hash rate of Bitcoin, 10% of the global hash rate of Ethereum and 10% of the global hash rate of Grin and become one of the world's largest cryptocurrencies mining companies in terms of hash rate."
The9 Ltd – ‘POS AM’ on 2/9/21
"On January 25, 2021, we entered into a share subscription and warrant purchase agreement, or the Purchase Agreement, with several investors in the cryptocurrencies mining industry, including Jianping Kong, the former Director and Co-Chairman of Canaan Inc. (Nasdaq: CAN), a Bitcoin mining machine manufacturer listed on Nasdaq, Qifeng Sun, Li Zhang and Enguang Li, based on the pre-agreed legally-binding term sheet. Those investors are collectively referred to as the Investors in this prospectus. Pursuant to the Purchase Agreement, we issued 8,108,100 Class A ordinary shares in aggregate at US$0.1233 per Class A ordinary share and 207,891,840 warrants in aggregate, each warrant representing the right to purchase one Class A ordinary share, to the Investors in February 2020. The warrants are divided into four equal tranches: Tranche I Warrants, Tranche II Warrants, Tranche III Warrants and Tranche IV Warrants. The exercise price of each of the Tranche I Warrants, Tranche II Warrants and Tranche III Warrants is US$0.1233 per Class A ordinary share while the exercise price of the Tranche IV Warrants is US$0.2667 per Class A ordinary share. Each tranche of the warrants will only be exercisable upon the satisfaction of its respective condition in connection with the market capitalization of our company reaching US$100 million, US$300 million, US$500 million and US$1 billion within the timeframes of 6 months, 12 months, 24 months and 36 months from its issuance date, respectively. In addition, the Tranche III Warrants will be automatically forfeited with nil consideration in the event that the Tranche II Warrants fail to become exercisable within the specified timeframe and the Tranche IV Warrants will be automatically forfeited with nil consideration in the event that Tranche II or the Tranche III Warrants fail to become exercisable within the specified timeframe. The Investors shall make payment of the purchase price and the exercise price for the warrants in (i) cash, (ii) cryptocurrencies, or (iii) a combination of both, at our election. Pursuant to the Purchase Agreement, upon the satisfaction of the market capitalization condition of Tranche III Warrants, the Investors will be entitled to collectively appoint one director to our board of directors. Such appointment right will automatically terminate on the later of (i) the third anniversary of the closing date, and (ii) the date on which the Investors collectively hold less than 5% of our total number of ordinary shares on a fully diluted basis. The transaction was closed in February 2021. The Investors are expected to devote cryptocurrencies mining industry resources to us for our development of cryptocurrencies mining business.
In February 2021, we issued and sold (i) a one-year convertible note in a principal amount of US$5,000,000, (ii) 50,000 ADSs, and (iii) 10,000,000 Class A ordinary shares, for an aggregate consideration of US$5,000,000 to Streeterville Capital LLC, or Streeterville. The convertible note bears interest at a rate of 6.0% per year, computed on the basis of a 360-day year. Streeterville has the right, at any time after six months have elapsed since the purchase date until the outstanding balance has been paid in full, at its election, to convert all or any portion of the outstanding balance into ADSs of our company at an initial conversion price of US$14 per ADS, each ADS representing thirty Class A ordinary shares, subject to adjustment. Beginning on the date that is six months from the note purchase date, Streeterville has the right, exercisable at any time in its sole and absolute discretion, to redeem any portion of the convertible note up to US$840,000 per calendar month. Payment of the redemption amount could be in cash or our ADSs, provided that any redemptions made in cash which exceed half of the original principal amount will be subject to a ten percent (10%) premium. In the event the principal amount and interest accrued for the convertible note issued to Streeterville are fully repaid, we have the right to repurchase the remaining Class A ordinary shares held by Streeterville that are unsold at US$0.0001 per share.
In February 2021, NBTC Limited, our wholly-owned subsidiary, signed a strategic cooperation framework purchase agreement, or the Cooperation Agreement, with Shenzhen MicroBT Electronics Technology Co., Ltd., the manufacturer of WhatsMiner bitcoin mining machines. Pursuant to the Cooperation Agreement, upon the payment of a deposit, NBTC Limited has the right of first offer to purchase 5,000 WhatsMiner bitcoin mining machines from MicroBT within one year, including but not limited to models M32 and M31S. We completed first batch purchase of 440 WhatsMiner M32 machines in February 2020. Other than WhatsMiner bitcoin mining machines, we also plan to continue purchasing different types of cryptocurrency mining machines in the near future.
In February 2021. we entered into a standby equity distribution agreement, or the SEDA, with YA II PN, LTD., a Cayman Islands exempt limited partnership managed by Yorkville Advisor Global, LP pursuant to which we are able to sell up to US$100.0 million of our ADSs solely at our request at any time during the 36 months following the date of the SEDA. For details of the SEDA, see “Corporate History and Structure.”
In February 2021, we entered into purchase agreements with five Bitcoin mining machine owners to purchase Bitcoin mining machines by issuance of our Class A ordinary shares. Pursuant to the purchase agreements, we issued an aggregate of 26,838,360 Class A ordinary shares in exchange for 26,007 Bitcoin mining machines, with a total hash rate of approximately 549PH/S, accounting for about 0.36% of the global hash rate of Bitcoin. Majority of these mining machines have already been deployed in Xinjiang, Sichuan and Gansu in China. The number of Class A ordinary shares issued to each owner was determined based on the fair market value of Bitcoin mining machines, as apprised by an independent valuation firm prior to the execution of the purchase agreements, at a pre-agreed per share price of approximately US$0.37 per Class A ordinary share (equivalent to US$11.18 per ADS)."
Those perfect set ups..Just because you didn't get that perfect price, doesn't mean that you just should give up.
I remember seeing this stock last year and thinking to myself that it looked like the perfect set up.
Bitcoin , as with all speculative securities, was going parabolic, and RIOT was probably the top sympathy play in the crypto company sector, but I missed the initial move, and just forgot about it.
I`ll just be honest: it`s very hard to look at right now..
EBON crypto mining machinesWith all this crypto hype, mara and riot rallying to new highs, and BTC continuing its bullish rally, what can we look at that is still cheap and related to these big names like Mara and Riot? ..... Well thats where we have $EBON, a chip design company and a manufacturer of high performance bitcoin mining machines. Now with BTC rallying to new highs this a blockchain stock to 100% add to your WL! Now from a TA standpoint $EBON is currently retesting a multi month downtrend and is looking primed to breakout and start its reversal back to ATH! Keep an eye on volume if we break that downtrend resistance and that will give us a confirmed sign of reversal. Now we have er approaching soon so any long term option contracts I will hold off till then and play the crypto hype short term w/ the ER run up.
Key Levels:
Support: 5.75, 5.21, 4.69
Resistance: 7.20, 7.92, 8.66,10.90
Ways to Play This:
1.Load shares and possibly sell covered calls
2. Enter on the breakout of the downtrend resistance line with month out option contracts
3. If we see a pull back enter on a dip (5.30-6.17) load zone (options or shares)
Option Ideas:
extremely high IV on these tread carefully here
Leap strikes are being added so possible 1/2022 Calls on this
7.5C 7/16 2.90 (Medium Risk: High Reward)
7.5C 3/19 1.88 (High Risk: High Reward)
10C 2/19 .30 (LOTTO)
Don’t waste time trading cryptos, Stock is the Hottest market!You may not believe it but I published several intermarket analysis that could be a learning opportunity for avid traders and investors.
Most Bitcoin traders and investors think they have the best performance with 254% gain since November 2020. But they will become depressed if they check the Bitcoin miners stocks performance such as RIOT(+1400%),MARA (+1730%), or a biotechnology company BNGO(2640%) gain in the same time period..!
Seems unbelievable, but I published my analysis on RIOT @3.87, MARA @2.37 and BNGO @0.52 ..!
Please check the related topic and judge yourself!
There lots of opportunities if you know how to pick the correct stocks.
HUT - Cup and Handle pattern on dailyThis canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot have less net cash. HUT uses natural gas and Wind farms for energy, so a little cheaper production cost compared to MARA and RIOT. HUT has 3000 BTC inventory, MARA 4812 and RIOT 1053. *I live 2 hours away from their mining facility. Go Bitcoin! :)
Short MARA. Way overcookedWhen you compare MARA and FTFT to bitcoin, FTFT has stayed in-line with bitcoin while MARA has had a meteoric rise. I believe it has gotten out way past its skis.
For MARA, a company tied heavily to Bitcoin has outperformed it by an astronomical amount. This is not sustainable. Expect a pullback to at least the $28 range, which was previous resistance.
The 50-day moving average is uncomfortably ahead of the 200-day moving average indicating the trade could be overheating.
BITCOIN and major GPU producers, NVDA, AMD(intermarket analysis)One of the most important hardwares needed for mining processes is GPU, NVDA and AMD make the best ones!
Although they have positive correlation with Bitcoin price, during hyperbolic phase they move at much lower speed, unlike major miners such as RIOT and MARA which surpass Bitcoin itself.
Moshkelgosha
BTC Bullish Pennant formed on the 1 hour! Next leg up to 50k?What's up guys, been away over seas I am back! I see a lot of fire going on lately with stocks and Crypto!
Bitcoin is SUPER Bullish and I believe this pennant is setting up for a major break out to 50k+!!! Or it can correct down a little more and than go back up! Its hard to tell.
Lets play it out! Deffinitely fireworking next few days coming!