MARA - Wyckoff Re-accumilation in progressMarathon appears to be following a Wyckoff re-accumulation pattern.
$60 target early next year
MARA trade ideas
MARA entering mark up phase - Target $140We see a clear textbook phases of the market. Mark Up followed by mark down, accumulation, we then see a deviation or spring. The phase after accumulation can be called disbelief, others call it a test pump. Fib Extension has the 1.618 target at around $140 dollars.
MARA - LONG Stock traders may advise shareholders and help manage portfolios. Traders engage in buying and selling bonds, stocks, futures and shares in hedge funds. A stock trader also conducts extensive research and observation of how financial markets perform. This is accomplished through economic and microeconomic study; consequently, more advanced stock traders will delve into macroeconomics and industry specific technical analysis to track asset or corporate performance. Other duties of a stock trader include comparison of financial analysis to current and future regulation of his or her occupation.
MARA Long- Bullish dragon
- Bullish Divergence
- Backtest of Key level of Support
- Engulfing candle
- If you don't see it then you need to go back to the drawing board
This is traditional TA at it's finest. Before anyone gets upset, yes these plays can fail, anything can happen at any time. However, this is a clean set up with easily manageable risk, and so we take a shot and see what happens.
MARA upcoming breakoutMara Holdings building volume and testing new highs as Bitcoin price surges. Strong momentum in both MARA and BTC. Long positioned.
MARA 33,875 BTC and potential set-up for break outMarathon Holdings (MARA) is showing strong technical momentum as it aims to break out of a long-term symmetrical triangle pattern, indicating potential for continued upside. The chart highlights a well-defined ascending support line and declining resistance, which has now been tested and breached. Volume trends are supportive, with increased buying pressure evident.
Fundamental Impact of Bitcoin Holdings
Marathon's Bitcoin holdings are a key driver of its valuation. As of Q3, the company held 26,747 BTC, valued at approximately $1.69 billion based on Bitcoin's Q3 price of $63,300 per BTC. Following additional acquisitions, Marathon's holdings have increased to 33,875 BTC. With Bitcoin currently trading at $98,000, these holdings are now worth approximately $3.32 billion, reflecting a $1.63 billion increase in fair value.
Estimated Mining Growth
In October, Marathon mined 717 BTC, with November and December projections exceeding 800 BTC each. Combined with potential additional acquisitions, the company could close Q4 with approximately 40,000 BTC. At the current Bitcoin price of $98,000, this would increase their holdings' value to around $3.92 billion by year-end.
$MARA- breaking out with bitcoin.MARA - Stock breaking out with bitcoin, up 30% for the day. Next resistance at $27.41 and $30.39 on the daily. looking for calls as long as $25 holds and bitcoin breaks 90k. Stock is slightly overbought.
MARA Holdings Inc. Analysis and Price ForecastNASDAQ:MARA chart shows the price forecasts of wave c after completing wave b setup at $15.31. If this scenario prevails then the max estimate of wave c will be $59.11 and the min estimate is about $42.3 ...
Let’s see how it goes!
Happy trading!
Trade Idea | Long | MARA | Mara HoldingsMARA Holdings, Inc. is a company that engages in mining cryptocurrencies. They will release their recent earnings report on November 12 and in my opinion it is currently trading below market value.
As of this writing, OANDA:BTCUSD is now trading at $80K level posting another new high meaning, the value of this holdings of this company also increases. This recent bullish move made by Bitcoin is enough for me to go long in this stock.
Trade Idea:
Entry : $19 - 20.50
Stop: $18.00
Always manage your risk. Know when to get out before going in. My target exit depends on the volume price action heading to that $26 level resistance.
An update to my MARA chart:Looks like the thesis played out - albeit I have to admit if you only read the previous post's title then you'd think my play was it was going to $0 haha.
The IHS idea has worked out with a breakaway gap to the upside. There is still insufficient volume to support this price action, so proceed with caution. I do think this has the highest chance it's had to be a runner. And for good reason - at SEED_TVCODER77_ETHBTCDATA:5B , the leading BTC miner is significantly undervalued for the heat that comes with crypto. With crpyto ETFs giving BTC adoption to the masses, MARA should see a reduction in beta which could see more institutional flows coming to it.
#MARA 4h Elliott-Wave AnalysisMARA chart showing some very complex Elliott-Wave structures.
Not easy to count, but in combination with the RSI, the structure is very clear.
Beautiful chart in my eyes!
The move to the upside, labeled here as the blue Wave (b) with the pink (wxy) substructure, initially appears to be a 5-wave impulsive move. However, upon closer inspection, and aligning the chart pattern with the RSI, it becomes clear that this is a (wxy) corrective structure rather than an impulse.
Anticipating the Upswing: $MARA at Macro SupportNo trend is active on NASDAQ:MARA yet, but I’m anticipating that in the next two weeks.
There’s no need to overcomplicate things. I like the chart sitting at a macro support level. It took out the previous lows and is currently retesting the wick on the monthly timeframe.
This could have enough momentum to push higher if November shows a monthly confirmation, but I’d be happy with just a weekly confirmation for October.
$MARA sub $10 incomingThese BTC miners all look horrible. I don't know how anyone is convinced we're going higher here.
If we look at the chart on the 3D, you can see that we've formed a lower high and price is rejecting the cloud.
Should price get under $20.19, it would be extremely bearish as there is very little support below that level.
I think price likely falls from here down to the trend line, then we consolidate and break that trend line and fall into the grey box.
I'll only be a buyer in the gray box or if price can break back above $30.
Staying LongI haven’t posted in a while. Anywho. Still holding since $45 sadly. I have averaged down a good bit, but yeah. Still here.
Weekly chart, strong upward support from the early days. Should be coming to a breakout by January. Knowing Bitcoin, it’ll probably happy thanksgiving or Christmas. Who knows.
We are getting closer and closer to the magical 18 months post-halving. I think it’ll happen sooner.
MARA makes no sense. Largest and best Bitcoin miner, yet underperforming. My theory is now that there are ETF’s, funds will choose those as a more direct correlation to BTC rather than miners.
My investment advice, stop trading and start investing. Throw some in an index fund and manage your risk with the rest. Wealth isn’t built overnight. For a quick win often results in a quick loss. But a win that is built over years will not be lost in one night. The pain and endurance will not let that happen.
*none of this is investment advice.
MARA: Second ChanceMy previous trade idea on MARA followed the accumulation of the lows below $10 when this stock was totally undervalued. I was buying to sell into the ETF news, which lined up perfectly with my BTC prediction approaching 48-50k. That trade resulted in a profit of 300% and our next opportunity is likely approaching as the Bitcoin Halving will occur in April.
Ive since sold my MARA position but I will start accumulating this stock again as price retraces.
There will be 2 BASIC indicators that I will use to predict where the bottom of this retracement will be.
1) The traditional Fibonacci retracement from the bottom of the range, to the top of the move. We will be using the Golden Pocket CC .618 as a base case and look for confluence at that level. To my expectation, this range lines up with a GAP that MARA failed to close, before rallying over 100%. My previous idea was based on the fact that GAPS must be filled once a direction is chosen. This will be no different.
2) The overall strength of the Market, in particular Bitcoin. I will be looking for a retracement on BTC to at least the $30k-$32k level, which was the previous massive range resistance, and should now be treated as support. If we break this level, we will very likely be looking at lower prices and this trade will be invalidated / look for lower prices.
I do believe that we will see a several week accumulation period in the spring, which may last in to the summer until BTC potentially begins its post halving rally in the fall / winter of 2024.
It will be important to watch the RSI on the daily time frame. If we break into new lower ranges, but the RSI fails to generate new lows, you can use this as a sign that the bottom is near.
My target will be between $12-$13.
If we do see further downside towards the previous range point of control at approx $9-$10, this would be a load the boat situation to average in.
Lets Go MARA!
Good Luck!
Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth.
Key Developments:
Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies.
Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market.
Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains.
Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements.
🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
MARA - Bullish WXY and Wyckoff CluesMARA
This is an ultra complex chart but I think a 1:0.618 Golden Window (0.618 - 0.786) WXY may be completing here.
Notice that there is a slightly lower in this recent 3 wave slump.
Both of these lows are slightly lower than the April low.
And all three lows are lower than January low.
These lower lows are liquidity shakeouts.
And when you have many consecutive bear trap shakeouts, then this can be a big clue that the dominant trend will be to the upside.
From the perspective of Wyckoff these slightly lower lows can be considered to be ST Secondary Tests.
The fact that we have multiple instances of ST rather than just one reveals that this chart is much more dynamic than that of the schematic.
So this is a very exotic chart and there are much simpler crypto related assets to buy.
But if you are looking to buy, then is a good technical area to do so.
Of course we have the interest rate decision looming next week.
And that could well see charts looking bullish see lower lows.
But there is also the possibility that there will be a bullish outcome 🤨.
Not advice
$MARA - Should I hold through ER?NASDAQ:MARA is about to break above the 200-day moving average (200DMA) and another major level where support has turned into resistance. Whether or not the descending wedge pattern plays out depends on the earnings report (ER).
I don't have high hopes for the ER, given Fred's history. He has occasionally boasted about decisions like diluting shareholder value and projected a very gloomy outlook for the crypto mining industry.
On the other hand, if the wedge plays out, the measured move is to $34.
I will have to decide if I want to hold through earnings. It's a hard decision.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
#MARA bullish(1D)If blue-line breaks out of the green-line,
could be a great time to be investet in Mara Holdings.
MARA LONGA great opportunity for long here, always calculate your risk
Mara is a violent stock, so calculate your risk according to that!
SL below 13$
TP 29-31$ RANGE
Continuation into next week bounced from the golden pocket and broke the neckline of our inv H&S targets are in the fib extension
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade)
Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 15.77 – Long position initiated after identifying bullish momentum.
Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal.
Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend.
Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached.
Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level.
Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade.
Trend Analysis
The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets.
The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
