MARA looks to be filling that gapLooks like MARA is going to fill that gap at $36. Hope to get some good upward action after that. Still long but be safe out there.
MARA trade ideas
New descending channel ??Looks to me as if Mara is falling in a descending channel, I entered yesterday after the initial 10% drop however cut losses quickly as it continued to drop.
I dont see any strong support areas until the 30 levels
Is this due to the new $COIN IPO ?? Not sure
Let me know what you think, new to publishing my ideas so I would love as much feedback and criticism as I can get!
**Not a Financial Advisor**
My bull case for Bitcoin and $MARAHello, today I have analyzed NASDAQ:MARA , Marathon Digital Holdings is a Bitcoin mining company.
The stock price has a 90% correlation with the Bitcoin price. As the value of Bitcoin keeps making all time highes Marathon's income will do
so as well. Since the company has more than 99% of their value in Bitcoin itself.
Why It will soar
Loads of institutional investors are piling into Bitcoin.
More and more companies continue to support Bitcoin.
$MARA is showing great price strength on all timeframes.
Price targets
My short, mid and long term price targets are extremely bullish.
I've set my short term price target at $60 ( Until next friday ) and my long term ( 1 year from now ) at $150.
Conclusion
Since Bitcoin is a strong currency and has been the best performing commodity for the last 12 years, ontop off insitutions beginning to adpot Bitcoin as well as companies accepting Bitcoin for goods and services.
It is also showing a disconnect from the generall stock market which makes It more independent. All of this just proves my point that Bitcoin is the future. This is a strong buy from my side and I will keep dip buying this all the way up, same goes for Bitcoin.
OBS
Note that I am a little biased, I hold Marathon Digital Holding stock at a GAV of $35.
$MARA - bull flag?There are a lot of big call option bets on MARA for 4/30 and 5/21 ranging from $47 to $70 / share.
I hopped in right under $47 with some commons. Will add more if we hit $47.60 and then I will set my stop loss (I will give it some room) and hold, in case the $70 bets are worthy.
Like $MARA, there are large bets on $RIOT (I have a lot of commons on $RIOT).
Entering A Major Resistance TestThe weather is a bit choppy across the US and it looks like we are poised for some selling pressure, however bright days ahead could clear up the snow quickly with this one.
I am looking at this stock to test the third top on our resistance. We have seen the history here by now and we look to be in another Bull run for Bitcoin, at least in the beginning of it. Prove me wrong. onward to $75k. The money is pouring in more than they can make these things. Big Nerds in these corporations are buying every collector's edition Bitcoin they can get their hands on. Pretty soon there won't be any left for the little guy besides a few sats for his morning coffee. Take this into consideration with this stock following long term price action of Bitcoin in at least a slight way and we see that $MARA is supplying the worlds biggest corporations and largest wealth holders and job creators a chance to not only have a tax free safe haven while held without sale, and appreciates in value. WHAT IS HERE NOT TO LIKE? The only thing that will bring this stock down for long-term status in my books is a government intervention into crypto and the sale of it.
TLDR;
Long Term: BUY
Short Term: Level 6/10 Sell Warning as sell pressure could push prices down for short-term trading.
MARA - Ride this Bull Pennant Breakout! 🚀🌙Target is $75 - $80 along BLUE trend line.
Watch RSI, this run could take us up above 80?
Keep an eye on MARAI've been playing MARA as a swing for the past couple of weeks, and as far as I can tell, it has essentially been a leveraged BTC play.
Does anyone know what's going on?
My guess is that the guys swing trading this like me, sold off in order to get in on CoinBase IPO...
I believe it will bounce.
I wonder what the price will be if BTC goes below 60 - which I think it will...
Let me know, I wanna get back into this but am worried that it will go down to $39 resistance.
Personally, I will buy at $40.5, then again if it keeps crashing. However, I will also get back in this at $48 should it break out.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
MARA Up and only UPMAC D and RSI Curling! I can see a potential break out of this pennant! Let's see BTC hold some support at high levels.
Look for some price cheating soonHello again,
MARA and RIOT were famous earlier last year for taking a few major price jumps within minutes and hours to compensate for the influx of volume coming into the stocks. MARA has sustained the volume and even made some major progress during their earnings situation when they announced that they were on schedule for their BitMain mining installations, added additional Bitcoins into their stockpile from mining, and even beat earnings expectations.
All a plus for me when we needed confirmation the most. Profitability is the next position that needs to be overcome for another major hurdle in price point, however, the current status of this stock is not affected by profitability for me. This stock is solely valued to me by future gains and profitability, which has been increasing since last year as BTC entered its current Bull run to 60k.
Everyone pretends to know the future of Bitcoin, but we all know how fragile this commodity can be when tested. It's one huge pullback away from being in a bear case with average investors usually setting sell limits that if obliterated could cause a major price meltdown.
That being said we are still in the Bull run with almost no end in sight from today's price standings. I am optimistic for MARA to reach over $60 with the current momentum with not much resistance. I will continue to follow up on trades. I have been holding a good amount of MARA, but this is a great point to add some more to your portfolio as it will see some good days ahead from this price point. I am not currently holding RIOT, but they are always a good alternative too.
MARA MondayLook for support at WHITE trend line
Resistance forming at YELLOW line (around $51.90)
Assuming BTC pumps today we could see highs near LIGHT PURPLE faded trend line.
I see price movement between the YELLOW arrows today.
MARA loves to pump out the gate, with profit taking shortly after. If lookin to enter today aim for limit order near support WHITE
Good Luck
Bull On!
$MARA PT 68 next and higher later...Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada.
MARA, be ready at 38 OR 60MARA is going to play the yoyo for now, till the next big move up. The highest it can go for now is about 60 right now.
Not necessarily 100% accurate but since I brought MARA from 2.5$, I have observed this is what it does the best, trapping many FOMO investors into it... un till the next huge up.
So if I can, I would rather back at around 36/38 than 50...
Friday 4/9/21 MARA updateEnd of week can lead to profit taking and close out weekly profits. This typically starts around mid day trading.
MACD on higher timeframes are looking bullish ready to move up.
Support is back on the BLACK line with resistance at around $58 if Bitcoin surges while trading.
IMO Monday and next week is looking very Bullish for MARA and Bitcoin - all focusing on COIN IPO launch date of 4/14
Upper BLUE trend line still short term target.
Good Luck - All depends on Bitcoin price. When Bitcoin ranges... MARA is good at doing it's own random patterns.
Where to find support?MARA is in between support and resistance.
If Bitcoin gains momentum we could see resistance at the black ATH line around $50.
If Bitcoin cools off more we could encounter support with MARA against the 20 EMA 1D and the ATH descending trend line. Careful to watch the MACD - another down day today could start the end of week sell off.
Short Term target is the blue trend line and new ATH. IMO If your long, no problem. Just wait and be patient until we reach target and see what the TA is signaling.
Good Luck
MARA is my favorite swing stock! I’m fairly new to trading but so far I keep buying the dips are MARA and then selling when it gains 15%-20% then when it dips again I do it again. I missed on on this last bull run to its newer high because I sold at $43 which was my target exit. It’s looking like $43 might be my next entry if this bull trend continues as noted by the yellow trend line!
MARA takes breather for higher levelsLook for short term target of BLUE Trend Line.
If Bitcoin is still climbing with new ATHs, then GREEN UPPER Trend line is in play for profit taking in the short term.
Look for support at previous ATH (near $51.50) and deeper support at the black line ($49.90) as previous ATH (Fib) and previous resistance.
MARA is looking great. Buy those dips, there is room to range higher.
IMO Target is trend line $70-$100 (depends on when we touch)
Good Luck
