MARA trade ideas
MARA updated analysis MARA setting up for its next all time high breakout and rally to 80. holding my shares full size but calls can always pay out as well. I noticed MARA does follow bitcoin move for move unlike other cheaper bitcoin plays like "SOS,FTFT" for example. If bitcoin breaks out this week MARA should follow.
Marathon Digital Holding - MARA - Stock with a Crypto Flare!Marathon Digital Holding - MARA - Stock with a Crypto Flare! Many times this stock, MARA, follows the price movement of major cryptocurrencies such as Bitcoin(BTC). From a Technical Perspective MARA has bounced off the fibonacci golden zone and may project to the 27.2 or 61.8 projections. Edutainment Purposes Only!
$MARA Marathon Digital Trade setup
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MARA looking like Angelina Jolie from 200720% gap between BTCUSD nav performance and MARA. I believe that gap will close.
So she's looking fine as hell, a beaut.
Partnership with Beowolf should yield a 38% decline in electricity/power costs.
I believe MARA is going to be the winner out of the pack of bitcoin miners because they have been reinvesting in efficiency and growth heavily.
Their sales per employee are nearly double that of RIOT showing that they can do more with less, and if you can stomach no P/E for a decent period of time, their major investments in growth will pay off in the long run versus appearing profitable in the short-term.
$MARA 6 Months Base Setting UpLarge 6 Months base on $MARA
Put a little cheat area around its 50 MA back in early august on broke out
Tested $30 level twice w/ buyers stepping back in
Another shelf around $37 last month & moved out on Wed & holding for 3 tight days
Very constructive action. I like it
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
MARA to $260MARA is showing a lot of promise.
There is a striking resemblance to a previous pullback that made big moves up and I expect a similar (maybe not as high) pump up within the next couple of months.
The resemblance is uncanny and it looks like it has been taking twice as long as before. This puts a peak for MARA at around $260 come late December early February 2022.
I am in with more investment than I probably should but I catch big moves like this once in a blue moon so why not?
Stop loss is below $30
Floor for $MARARecent news of banning bitcoin has seemed to tank the price, but this time for $MARA we have reached the low at $32 give or take. I see if we hold this position $MARA can shoot up. However, we do need to see much-needed resistance at this range. Time will tell, good news today with Powell stating that he does not intend to ban bitcoin which people including myself have been worried about for a while. I don't see the infrastructure bill if it passes to have any impact on bitcoin either. A government shutdown however could see a large price spike in $MARA and bitcoin. For now I am neutral, but I could see a spike in price if we can hold resistance.
$MARA - Key Levels and Analysis - update $MARA - Key Levels and Analysis - update
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OK… well, that was fun.
I zoomed into the 4 hour chart just to be able to see what was going on in after-hours… it bounced a little bit at support but nothing definitive.
MARA is at a support level here, after blasting through the one above it from my last post.
I have not added yet, but if it gets to 27 I will
I DO see the head and shoulders and I’m watching carefully… MARA runs more along with digital currency so the patterns don’t mean too much for me in this case…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
My average is in Grey
Red = Resistance
Green = Support
Blue = trendlines
Have fun, y’all!!
$MARA - Key Levels and Analysis $MARA - Key Levels and Analysis
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I am still leaning to the bearish side here, while crypto technicals cool off a little bit - and I’d love to be able to add at 27.
Still above the MacD centerline so could go either way…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you.
Red = Resistance
Green = Support
Blue = trendlines
Have fun, y’all!!