Marathondigital
The MARA-ETH relationship goalsA good buddy gave some heads up about MARA, and we had a short discussion about MARA. He mentioned that MARA and Crypto had some relationship and I was a little skeptical that MARA would be close enough in relation to crypto, and also wondered if there was any relationship, what might it be.
So, from purely a technical perspective, I pulled up MARA and overlaid ETHUSD on the weekly chart. Some adjustment requires for the overlay and it appeared that my buddy was perhaps onto something! Honestly, I have not enough research into MARA, but for what it is worth, it appears that MARA leads ETHUSD, in a somewhat casual open relationship IMHO (pun not intended).
You see, as MARA rallies, it does this ahead of ETHUSD. And it also appears to lead in the downside aspects too. Both have about 1-2 week lead.
Currently, it does appear that MARA is in bearish stance, with a bearish candle last week that closed a gap. Technical indicators apparently struggle to mitigate the bearishness.
In the daily MARA chart, the recent rally is oer, with a solid gap down end of last week. Technical indicators also support a bearish stance, with more downside expected.
Immediate support levels are about 12, and then 8.50. Resistance is clearly at 14.
Given this casual relationship, if it is sufficiently robust to hold, we might co-relate that ETHUSD is having some downside risk for the rest of August, and into early September, with a possible bounce off later in September, perhaps on the back of The Merge?
I would keep an eye out on MARA... just to see if this relationship achieves some longer term goals.
Tell me what you think, and if this makes sense to you too?
Marathon effort required to invalidate the bearish threatMarathon Digital Holdings - Short Term - We look to Sell at 15.05 (stop at 19.95)
An overnight negative theme in Equities has led to a lower open this morning. We have a Gap open at 15.05 from 18/08/2022 to 19/08/2022. Broken out of the channel formation to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.05, resulting in improved risk/reward.
Our profit targets will be 5.10 and 4.50
Resistance: 15.05 / 18.88 / 19.43
Support: 10.08 / 8.04 / 5.20
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Mara SAFER Way DOTM Puts 2 OutcomesThe Trifecta Income play is designed to either generate income or gets the stock assigned to you at a lower cost.
YOU SHOULD ONLY USE THIS TECHNIQUE ON STOCKS YOU WANT TO HOLD FOR LONG TERM.
Pay attention to the company as you do not want get a stock that is in a declining industry like KODAK when digital cameras came out.
We do this by selling a DOTM put, that immediately generates income at the expense of our buying power. In this case, we are selling the:
MARA Jan 2023 $5 PUT
for a net credit of $1.38/share or $138/contract, and a reduction in buying power of $362 per contract.
Assuming that the MARA closes remains above $5 through Jan 2023, our return is:
$5 share price / $ 1.38 credit = 27.6%
We can do this because the have a target support zone from 4.5 to 5.5 with a target resistance zones of 15.
There are two possible outcomes:
1) MARA closes above $5 by expiration in which case we keep the entire credit for a return of 27.6%
2) MARA closes below $5 at expiration in which case we get assigned at $5. Because of the credit our cost basis for the stock is $5 - less the credit received $1.38 for a cost basis of $3.62 which is below our target support zone of $4.5.
Net result, we have a safety of margin from the current stock price of $9.78 - $3.62 (assignment cost) of $6.16, which means we have a safer entry at reduced cost using this safer trade structure.
Hope it helps
Marc
MARA Breakout $ Target we going to see a huge momentum up if we held above our current support above the 13.30$ , we going to have 2 profit taking around 17.40$ , and the 19.60$.
NASDAQ:MARA
the cleanest chart ever, for a 100% Well, this is one of those stocks that you have to own, just in a week increased the value in 80% and the chart is very clean and following the crypto trend, btw the symmetrical triangle in bitcoin chart is the start of a bull trend in bitcoin.
MARA: 21% gain on Friday!Marathon Digital Holdings
Short Term
We look to Buy at 7.59 (stop at 6.31)
We look to buy dips. This stock has recently been in the news headlines. Trading volume is increasing. Yesterday's move higher brings an end to the run of consecutive lower highs. Previous resistance, now becomes support at 7.50.
Our profit targets will be 11.16 and 14.99
Resistance: 11.17 / 20.00 / 31.30
Support: 7.50 / 5.30 / 3.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Mara the same? Marathon Digital Holdings
Short Term - We look to Sell at 11.03 (stop at 12.16)
Preferred trade is to sell into rallies. Trend line resistance is located at 11.00. There is scope for mild buying at the open but gains should be limited. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 8.62 and 5.19
Resistance: 11.00 / 12.00 / 20.00
Support: 8.80 / 5.20 / 1.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
At bottom of bullish wedge Target 120'sBottom of the bullish wedge, I think we're in a great buy area, hard to believe but I think Bitcoin still has it's blowoff top and Bitcoin Miners will outpeform Bitcoin and the better stock to buy.
Another short on Marathon. MARAGoals 24, 22, 19. Invalidation at 34 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
MARA: Short the Resistance? Marathon Digital Holdings - Short Term - We look to Sell at 32.15 (stop at 37.41)
We look to sell rallies. The medium term bias remains bearish. Previous resistance located at 32.00. The bias is still for lower levels and we look for any gains to be limited. The daily chart technicals suggests further upside before the downtrend returns.
Our profit targets will be 19.56 and 16.44
Resistance: 32.00 / 40.00 / 55.00
Support: 20.00 / 18.00 / 16.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Mara is queued for lift offwith BTC making a strong recovery the past 3 days breaking from its bearish trend this next week 2/7 - 2/11 will be a large week for miners such as NASDAQ:MARA NASDAQ:RIOT and NASDAQ:HIVE . Key indicators of this will be BTCs strength and overall market stability. with MARA down 35% as of 2/3 and BTC continuing to show moderate strength and stability in its recovery we can expect these tickers to play catch up to BTCs leaps.
I currently hold 2/11 $22.50 Calls that i am expecting to 3x this week as we see the rise begin again from year lows.
$MARA looks like it bottomed, can it push to $50+?$MARA looks to be forming a bottom here in the $25 range. I expect next week will start a move up.
I think we'll likely move up to retest the 50% retracement level at $54 and reject there (potentially a little higher at $57).
Let's see how it plays out over the coming weeks/months.
MARA: Further Downside Ahead? Marathon Digital Holdings - Short Term - We look to Sell at 33.35 (stop at 38.33)
We look to sell rallies. Previous support, now becomes resistance at 32.00. 20 1day EMA is at 34.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 21.26 and 19.75
Resistance: 32.00 / 40.00 / 50.00
Support: 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MARA, 6 Jan: Almost a Buy.MARA has lost -65% since November. Let’s take a look if we can pick up the stock from the bottom.
Elliott:
The count suggests that a 5-wave move is about to complete. This can be interpreted as wave C of a larger degree.
Geometry:
If the pitchfork is drawn correctly, we may have a potential support at the lower boundary. The 4th extension of the upward facing channel is a bit lower at 25, which is the same level as the 78.6% retracement.
Oscillators:
The Stochastic is oversold and due to move up. The RSI shows a bullish divergence.
Correlations:
For MARA to move up, we need:
Bitcoin to bottom out and start a new bullish sequence.
DXY to not break the current resistance and drop lower.
How to trade it:
The idea is to test long positions as MARA approaches the potential supports, and build further long exposure when price makes a higher high that breaks the downward trend. It is possible to trade RIOT for diversification. The idea is invalidated if Bitcoin shows no signs of recovery.
Marathon Digital $MARA measured against the VIXThe favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of CRYPTOCAP:BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report.
What's interesting here is how tightly it follows the VIX . For the purpose of emphasis on this, the VIX chart at the top is inverted .
At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.
Merry Christmas and a Happy New Year!
🎄🎅🎄
Marathon Digital Analysis 09.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
MARA overcookedMARA is looking slightly overcooked. There is potential to short/buy puts and ride down till it fills the gap up. It could have a further downside but is highly unlikely unless BTC sells off. RSI extremely overbought, MACD in nose bleed territory
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price.
As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally!
Why then is that?
Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping.
Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone.
We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then?
Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled.
If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there.
As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now.
With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
A reasonable path for MARA to get too 100On the back of the crypto run I think the miner stocks have some good plays as well, especially those with options.
Marathon Head and shoulders reinterpretedThe Head and shoulders i thought was denied could actually still be forming, this means that MARA isn't out of harms way. However i also see a big wedge forming with potential of sending the price upto test earlier high resistances. With bitcoin being over 50k. i can't see why MARA should drop back down to around 20, however i will be keeping an eye out for the bottom of the wedge as potential alert for me to sell the stock for now.
Follow up post as part of my response to @mbelasy
THE Confirmation For New Bitcoin All-Time HighsBitcoin is being difficult as always. Yet, despite its sudden twists and turns, we've called every major reversal thus far since the April peak.
Naturally, technical analysis is all based on probabilities. We don't KNOW where the price is going. The best thing we can do is to produce the most likely case and then add onto it as more pieces of the technical puzzle are being laid in our favor.
Now, is Bitcoin bound for the low $20 000s to complete its high likelihood zigzag? ...
... Is it range bound here for some time to follow? ...
... or is it ready for new all-time highs?
Normally, these are simple questions with difficult answers - that is, difficult if you restrict yourself to the Bitcoin chart only.
What then do I mean by that? Well, lo and behold, for I hereby present to you technical proof of when we can know for certain whether Bitcoin is ready for new all-time highs. Here's how ...
Marathon Digital Holdings, Riot and Hut 8 are all Bitcoin mining companies, whose respective stock developments are in direct relation to that of Bitcoin's spot price. We will therefore take a look at Marathon versus that of Bitcoin!
To access this chart, please enter: NASDAQ:MARA/BITSTAMP:BTCUSD in the search box up to your left.
Literally, what this shows is the internal strength relations between the Marathon stock and Bitcoin's spot price.
This chart is on the weekly:
What first meets the eye is a big reversed head and shoulders formation at which we've been rejected no less than four times by the neck line.
On top of that, we have a clear sideways range of which the upper resistance is the same as the H&S neck line.
Now, if you were to have bought Marathon instead of Bitcoin in April last year, you would have had 1 650% more profits. That's how significantly Marathon has rallied amidst Bitcoin's bullish run.
But what then is the deal with all of this? Reversed head and shoulders, a sideways range ... sure, we get it! Now what?
At first glance this may seem irrelevant. But once we dig deep, it in fact holds all the answers we need.
If Bitcoin were to begin trending in a truly bullish fashion, we can safely expect Marathon to vastly outperform Bitcoin's spot price. This would mean that we'd eventually see a technical outbreak both from the sideways range AND the reversed head and shoulders pattern. And given how strong this level of resistance has been historically (and equally so as support at the very beginning) we can expect a violent move once the price breaks! For the more times a support or resistance is being tested, the stronger a reaction is to be technically expected.
Given that Marathon won't rally unless Bitcoin does, and given the pent up powers that will be released upon a technical breakout between Marathon versus Bitcoin, unless it results in a fakeout, we can safely anticipate Marathon to outperform that of Bitcoin by around 280-350%.
This means that if Bitcoin were to quadruple from here, as in reaching $170 000, we can expect Marathon to ultimately amount to $500-600.
If, on the other hand, Bitcoin were to roll over and lose its bulls versus bears gatekeeper support between $41,000-42,700 (as discussed in detail previously here on TradingView) then we can safely expect Marathon to further under perform versus that of Bitcoin. In such case, a retest of the diagonal line would be a likely indication of Bitcoin having bottomed out. This would be THE ideal place to ladder in longs. If that diagonal support were to break, then the next level of support is the horizontal one, at a -50% under performance for Marathon. If that one breaks, then we have a long standing bear market on our hands.
I will base every Bitcoin decision from here on on this very chart.
I hope this has helped you bring full clarity to Bitcoin and how and when we'll know whether it's ready for new all-time highs.
All the best,
LLT
MARA Daily TimeframeSNIPER STRATEGY (new version)
It works ALMOST ON ANY CHART.
It produces Weak, Medium and Strong signals based on consisting elements.
NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear.
TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS.
ENTRY PRICE BLACK COLOR
TARGETS GREEN COLOR
STOP LOSS RED COLOR
DO NOT USE THIS STROTEGY FOR LEVERAGED TRADING.
It will not give you the whole wave like any other strategy out there but it will give you a huge part of the wave.
The BEST TIMEFRAMES for this strategy are Daily, Weekly and Monthly however it can work on any timeframe.
Consider those points and you will have a huge advantage in the market.
There is a lot more about this strategy.
It can predict possible target and also give you almost exact buy or sell time on the spot.
I am developing it even more so stay tuned and start to follow me for more signals and forecasts.
START BELIEVING AND GOOD LUCK
HADIMOZAYAN
