MARA longbought shares at $8.5
I think the stock is close to breakout to the upside.
The potential is huge.
I will hold it until CRYPTOCAP:BTC is at least $100k
MARA trade ideas
What if to MARA Never Comes MARA - Marathon Digital Holdings
We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last.
THIS TRADE:
18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance).
Bullish Developments on the chart:
- Price above the POC means strong underside support
Point of Control (POC) is the price level at which
the greatest number of contracts have been traded
within a volume profile.
- Above 200 day SMA means further strong underside support along side POC line. The 200 day
SMA has not turned upwards yet and I would be much happier is this would materialize.
- We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort.
FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow.
Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size.
Some Fundamentals to help MARA stick in the mind
- 2nd largest public bitcoin miner
- MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point
- Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln
- MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures.
Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter
PUKA
*** $MARA 2025 Plan **** NASDAQ:MARA 2025 Plan probable path for Mara which will correlate with CRYPTOCAP:BTC chart current going for right shoulder in wave c bottoming.
Will start buying 10& 12 calls for jan 17 & then some pullback around 11 that time will buy long term calls for 60 ,90 for Mar/jun 2025
MARA Squeeze it V2MARA has been taking a huge hit recently. If you have been following my trades, you likely know that we have been waiting for this pullback to the $8 range as we have some strong support zones here.
We're seeing some consolidation here in the form of a descending wedge. I can see a move upward as the RSI is also showing us some positive signs.
Looking to move towards the 200MA and we will see how the market reacts at that point.
Cheers!
MARA +20% in the coming days then +80% in one month?In a context of BTC in a possible pre-halving & pre-bull market rally and numerous Harmonic Patterns and divergences drawn, MARA seems to want to seek an increase...
Can we hope for +20% in the coming days then +80% in one month?
[Watch] MARA versus Bitcoin 5️⃣6️⃣| Year to date 137,43%Year to date ⤴️137,43%
What's going on, Team NASDAQ:MARA
I am back baby...!
It seems everyone is giving up; why?
This time our time horizon is 18 months, and I have 2 key profit-taking levels I want you to draw on your charts.
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 still 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
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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 - Potential Inverse H&S at playA lot going on here.. This is my prediction of what could happen with MARA in next 12-18 months.. Potential inverse H&S at play. We could drop as low as $6 which would complete the H&S pattern as well as set the next elliot wave in motion. Next impulse could take us to $110+ followed by a 50% retrace, and ending with a $160 blow-off top.
I still believe all TA will break when big money floods BTC and we could see a $600 price tag in the next 2-3 years.
$MARA: A little heavy at 10?Bitcoin, Ethereum and the blockchain stocks have been struggling and I'm not entirely sure it's over yet. MARA had a tough break of 10 and RIOT isn't looking much better, at a similar level. We'll see if there's a little more to the downside here or not. Good luck!
Cryptocurrency companies vs Bitcoin📉This graph shows the average price of the main companies in the cryptocurrency sector, and their correlation with Bitcoin.
I follow the same logic for crypto ETFs, in which I analyzed this link:
The correlation shown here is a little lower compared to ETF's.
🐔I think that the price will make a hen fly, and then fall more strongly🐻.
MARA weakness, heading to 13$ and lower.NASDAQ:MARA has rejected off a key resistance area and is headed towards the bottom of the channel around 13$.
If BTC continues to show weakness and the Macro Economic situation does not improve, we can expect MARA to break the lower trendline and move to the 9$ level.
I am ultra bullish on MARA for the long term and will be loading my bags once we hit these targets.
Stay Tuned!
MARA is Looking Interesting Mara is looking interesting. Approaching oversold territory with 6 consecutive red candles on the daily. If today stays in the $9.60 range and it closes red. might be a good end of day Friday pick up stock.
Possible Inverted Head and Shoulders on $MARASTOCK NASDAQ:MARA this is a long shot and I hate doing TA this far out. The TA is saying it is currently in a rising wedge, it may bounce around here until hitting the orange resistance box. It may break through it and continue to the upside but, it is more probable that it rejects and corrects down to around $6.10. If that happens it will be the perfect setup for a inverted head and shoulders pattern. A few way to play this...
1 enter now play the rising wedge until it hits the orange box.
2. wait until it hits the orange box, identify its up or down direction. if it breaks up ride it until $30, If it breaks down wait until it forms the right shoulder and ride it up to $30 taking profits along the way.
Patience is key! You Must PLAN EVERY trade! If you are in any stocks and want to see what my thoughts are or just overheard someone talking about one let me know.
$MARA final target $29-32NASDAQ:MARA bottomed before the downside on my previous chart, so it looks like up we go.
Chart pretty self explanatory. Sell in the grey zone.
MARA Broken Channel ConfirmationLong term channel retest. Inverse H&S in play still intact. $120 target for next impulse.
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
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.
