MARA consolidation for a +$18 pushMARA is at trendline resistance.
I show a completed wave i and now an A-B-C correction to ii.
Once the trendline resistance flips to support, that should expose +$18 target for MARA.
Good Luck
MARA trade ideas
BULLISH ON MARABullish on Mara long-term. Looks like wycoff which already had its spring at 5.20. Had a false break of the uptrend line with loud volume. Will see if it makes it back up to 18.88 to test ultimate resistance. Also has a gap at 7.21. What are your thoughts on this chart and TA
MARA - Potential 85x-100x return?!Potential decade-long inverse H&S playing out.. Could see $160 by halving and $600-$900 blow-off top sometime in mid/late 2025.
The volatility on this stock is no joke. Most will not be able to handle it. If you have the stomach and the balls, you will be rewarded. GL
$MARA - Close to support areaNASDAQ:MARA I took a small initial position in Marathon Digital today. It is close to my price target of $10. Am I early? Most likely. I can see it go to $8 to $9 area.
Here's why I started an initial small position:
1. Marathon Digital (MARA) has a strong balance sheet and is one of the largest Bitcoin mining companies in the world. This means that it is well-positioned to benefit from a rebound in the price of Bitcoin.
2. Bitcoin is close to or at a support level. Of all Bitcoin miners, MARA has the best hash rate with 23 exahash and the largest holding of 12,538 coins.
3. In Q2, MARA mined 2,926 coins, which is a 33% increase from Q1.
4. Bitcoin is currently trading below its 200-day moving average and oversold on the relative strength index (RSI) and William R%, which are technical indicators that often signal a bottom.
Not an investment advice. As always, do your own analysis.
If you like the post, I'd appreciate a like and follow. 🙏
MARA ready for next waveI am counting a complete wave iv for MARA. I do not want to see it below $12.85
I am long from here with the next wave v target above $20 (up to about $30)
Good Luck
Crucial price for MaraWe can see lower prices if Mara doesn’t find support at this price, which I don’t see the price action to support at this time. I can see lower price prices if we break this support being formed here at 14.30. Highs are being broken and I do see higher prices in the future. If we don’t get a bounce here at 14.30 I’d look again when the price reaches 12.40 area. I’m leaning more to the short but will have to react to what happens here at the 14.30 area
$MARA VS $BTCFor the past 4 weeks, daily weakness on NASDAQ:MARA has marked the high of the following week on $BTC.
Mara So I was looking long unless we broke the flat support. Unfortuently we did end up breaking that 16 area and I did go short Howver was stopped into some profits. I am looking at this as overall a bullish setup still Howver it might just need a little more time to build.
Right now it could
Be building a falling Channel but we need to clear 1650 and hold up there. Otherwise 17.50 confirmed could be the safest bet. It has now retest the flat support and had a small rejection. Btc does seem to be trying to make a breakout of a falling wedge so a few more days to confirm that
If we can get a volume pushed confirmation and reclaim of 30k on BTc Mara coin and other crypto stocks should start to rise along with it. I’m looking for an overall push to head into the 30s but it’s going to take some time to climb up there.
Fibonacci Trading And Price Action MARASet up trade of Fibonacci price cluster with resistance on MARA, Earning will happen today. Let's see how the price will run.
MARA will remain weak MARA will remain weak
This figure shows the weekly candle chart of MarathonDigitalHolings' stocks in the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high of MarathonDigitalHolings' stock is very close to the 2.618 position on the bottom of the graph, which is close to the golden section. Moreover, the second highest point two weeks ago happened to be the 2.382 position on the golden section in the graph! So, for a period of time to come, the stock probability of MarathonDigitalHolings will remain weak and accelerate its downward trend, with a probability of retreating to around 1.618 in the golden section of the chart!
MARA - Recent Trade recap
Lesson: You don't need a perfect entry. Getting in late and staying in the trade longer guarantees more profit than buying at the absolute breakout and then choking at the higher levels.
Mara This could be setting up for another big push. Yes it’s got a bit of a flat support at 16$ so we’ll have make sure Mara controls this. Key reistance is 17.50 so if we can clear and hold that, this should be gettinf prepared to move up.
I’m long but I am willing to flip short if we lost flat support and flip to reistance.
$MARA Banking On The Bitcoin RallyThe House Financial Services Committee recently passed a bill for crypto regulation which may see cryptocurrencies running in the coming weeks. The reason for this anticipated run is the authenticity and sense of security this bill would add to cryptocurrencies. Since Bitcoin is the world’s largest cryptocurrency, it is likely to be impacted the most by this bullish news which could see other Bitcoin miners like Marathon Digital Holdings, Inc. (NASDAQ: MARA) run in sympathy. For this reason, MARA stock could be one to watch closely over the coming weeks as more updates become available.
MARA Fundamentals
Regulating Crypto
As things stand, the recent crypto regulation bill is a strong catalyst for the crypto industry since it remedies overarching concerns related to the crypto market. Chief among these concerns is security as the crypto market is currently riddled with scams, fraud, and sudden rug pulls. Once renowned institutions like Celcius, FTX, and Terraform have soured the reputation of the crypto market, causing many to question the validity of Crypto as a secure form of investment.
This bill offers the market guardrails in the form of oversight by the SEC and CFTC in order to prevent such incidents from occurring, which is why if the bill is codified, cryptocurrencies may witness an influx of new users resulting in the rejuvenation of the market. Having said that, the fact that the bill is bipartisan makes it very likely to pass a House vote which would be bullish news for the crypto sector. In this way, Bitcoin mining stocks including MARA stock may see substantial runs with more updates regarding the fate of this bill.
Another important aspect of this bill is that it improves the authenticity of cryptocurrencies as a form of investment. Recently, the crypto market has been experiencing multiple wins as more and more institutions are utilizing it as a form of investment as shown by Blackrock’s application for a spot Bitcoin ETF. If the ETF gets approved, it would mark the start of a bullish run in the crypto sector and Bitcoin miners like MARA stock may prove to be a way to gain exposure to the sector.
Shareholders Meeting
Currently, MARA is poised to have its shareholders meeting on July 27 where shareholders will vote on a proposal to raise the company’s authorized shares from 200 million to 500 million which is likely to be approved by shareholders. While the expected dilution may impact the stock price in the short-term, it would allow the company to expand its miners to reach its targeted hash rate which would be pivotal for the company’s growth prospects.
Technical Analysis
MARA stock is in a neutral trend and is trading in a sideways channel between its support at $16.23 and its resistance at $18.83. Looking at the indicators, the stock is above the 200 and 21 MAs which is a bullish indication, while it is testing the 50 MA as resistance. Meanwhile, the RSI is neutral at 52 and the MACD is neutral as well.
As for the fundamentals, the crypto sector may see a run soon following the House’s financial services committee’s crypto regulation bill. Since MARA stock provides investors with exposure to Bitcoin’s price movement, the stock may run over the coming weeks along with Bitcoin as more updates regarding the bill become available.
MARA Forecast
Given the recent crypto regulation bill, the crypto sector could witness a strong run over the coming weeks as regulating cryptocurrencies continues to gain steam. Given that Bitcoin is the world’s largest cryptocurrency, it may be poised to witness substantial gains on any positive updates regarding the bill. In this way, crypto mining stocks may run in sympathy since they move in tandem with Bitcoin – making the MARA stock forecast bullish this year. However, the stock may witness a slight pullback in the near term since the company may dilute to expand its miners if shareholders approve the proposal to raise the AS in the shareholders meeting on July 27.
MARA down o 11.5 soon! This idea is based on BTC will slumps to 25k to regroup strength.
BTC is in dare needs of some serious short interest to fuel the next bull rally.
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down.
Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle.
With bit coin holding 30,000 level.
We could see it retest and/or reclaim $20 soon.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
Mara Finding A Bottom. Demand Zone. Mara is finding it's bottom and a pivot point that decide its short term fate. Still trading in the wedge it's in close resemblance to Bitcoin.
The drop from the run up was expected not all stocks go straight up I still think MARA is in a great position for a run up.
$MARA continuation after breakoutThe video breaks down my thesis on the last couple potential pushes left in NASDAQ:MARA on this short winded rally in crypto.
$MARA - Breakout from a Double Bottom Reversal Pattern1. A 16 month downtrend.
2. Last month the price broker out and closed above the 10 EMA (M), after these 16 months, with an above-average-sized bullish candle.
3. During the current period the bulls remain in control, at the time of editing, and should the price close as is or similar, then the following things are confirmed:
3.1. A 15 period high close.
3.2. A new higher high - new market structure.
3.3. A fresh uptrending market.
3.4. A breakout from a prominent double bottom pattern.
4. The trend is your friend. An uptrend is about to be confirmed, the bias will be to look for long opportunities close to value areas.
5. The breakout from the double bottom pattern can be the trigger we are looking for.
6. Take profit in the demand area delimited in the chart, stop loss roughly 2 ATRs below the entry.
7. Alternatively, remember that trends are powerful. How about trailing the trend? Close long only after a closure below the 10 EMA (M).
Most importantly remember that none of these lines and ideas matter if you don't manage risk properly. Diversify, use fractional and small positions, use stop losses, ...
Cheers,
Tenacious Tribe - Quantified Trading Strategies
mara strictly trading wedgeMara has been trailing BTC but is now Trading within its own wedge. I thought it would continue to drop but retail has too much buying pressure. Bouncing off a double bottom at 17.50. 20 seems to bee in the near future.
Trade responsible,
#TradeTheWave 🏄🏽♂️🌊
Second target hit $19 - 46% Profit NASDAQ:MARA STOCK..
That was a great call, congratulations for those who entered per my published Idea..
Wait for more ..
Trader K,
MARA and Bitcoin Hand In HandMara Holdings, also known as Marathon Digital Holdings, is a digital asset technology company that focuses on cryptocurrency mining operations.
Obviously if bitcoin does well so does mara.
We've now entered a falling wedge where both are trading in. Looking for an upside break to the next leg once its confirmed.
Trade Responsible
#TradeTheWave
[Watch] MARA versus Bitcoin 5️⃣5️⃣| Year to date 439%Year to date ⤴️439%
What's going on, Team NASDAQ:MARA
We are not entering the "Catch-up" phase; FOMO is far away.
They called me a loser, and they laughed at this idea.
Guess what...? NO one is laughing now.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
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Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
MARA - Symmetry is incredible
Flag on 3D above the volume shelf. If it can manage to breakout of range at 11-12, could go off big.
Can go down below 60 VMA around 8.
Risk/Reward favors bulls here.
Disclaimer: no position yet.
