After a harsh first 5m MARA starts breaking higher todayWe continue to break higher into the news 2024 up trend today, im taking my second entries here.
MARA trade ideas
$MARA approaching the 5th wave down!$MARA:4H
I would expect the increased potential for NASDAQ:MARA to rise as high as the 0.5 retrace (20.75) or AVWAP (21.98) were CRYPTOCAP:BTC price to rise. I would expect the AVWAP (blue) off the recent high to be in confluence with the 0.5 retrace by that point and provide a solid line of resistance. Failure to consolidate above the 0.5 retrace/AVWAP levels could portend the beginning of the 5th and final wave down to the 10-12 price range.
It should be noted that price has done enough to complete the 4th wave upward retrace and could remain range bound (16-19) at current levels for a couple weeks. However, given the recent level of volatility associated with this issue, I see this as the less likely scenario.
In summation, whether it be from a little higher price point or from current levels, my current thesis is that NASDAQ:MARA follows the price of CRYPTOCAP:BTC downward leading up to the halving and its accompanying, short term, ‘supply shock’. I would expect NASDAQ:MARA to find its bottom somewhere between 10-12 before the end of April 2024.
MARA bull run starts here 1h (long term)after posting my previous 1d chart looking for long term bulls today opens up as a triangle on the 15m/1h closes up were seeing momentum towards the upside. Things might be looking very good for NASDAQ:MARA this quarter potentially giving us better returns than NASDAQ:AMD and NASDAQ:NVDA i'm looking for my second entry around the 200ema line so if your not it look for that area (~9.12-19.15).
Marathon Shorts Marathon Shorts: We have bearish flag pattern
Multiple trend line breaks
$15 is the major qp
MARA 1D long position possible entrythick grey lines are possible resistance (previous highs) thick yellow lines are long term trends white line was my entry (long) watch out for a fall to trend before entering potentially.
Dead cat bounce MaraI am expecting a rather ferocious dead cat bounce on BTC and BTC related stocks in the near future. I have also been trying to use the OBV indicator more often on daily and weekly charts. MARA lost steam very clearly recent and I am hoping for an aggressive bounce to around 18$ before the dead cat as BTC dumps to 32-36k. This will be a perfect long term setup as the halving occurs into an election year, it will give a runway for new all-time highs this year or early Spring.
Mara- Where I want to buy back in.I am waiting for the DXY to start under the 500 hull on the week timeframe.
IF BTC starts under the 500 and 375 hull on the week timeframe (buypoint from Nov 20th), i might not care if the dxy looks bad.
$MARA: Calm before the MoonNASDAQ:MARA Daily:
Doji print could signal a strong reversal ahead. But, it's all eyes on BTC for this to play out.
Still anticipating a BTC dip, which may ultimately drive MARA down to its 200 DMA.
The key? MARA's floor is tied to where BTC bottoms out.
Marathon Digital Holdings buyHello friends, today I would like to share an introduction to MARA. My idea is to finish the created butterfly pattern. The take profit 27 and 30 usd. Entry at the start of the stock market on 01/22/24 as well as subsequent purchases at 14 and 12 usd SL is marked in red. Good luck
$MARA Marathon Digital Double BottomNASDAQ:MARA (Marathon Digital) is holding the double bottom support. Mara needs to close above the green line, and bullish consolidation is required. Stochastic RSI is oversold, and the parallel downtrend needs to be broken. The stop-out point is on a close below the grey line
Mara in freefallMara and Bitcoin related stocks have taken a beating, add that to the recent blood in the tech sector and its a recipe for disaster. I have been averaging into this dip after switching back to Mara over Riot. I will admit I made a major mistake thinkin that Mara share dilution would matter during this hype phase. I am going to stick with my original thesis on Mara being one of the largest miners in the world backed by Texas. With that said TA wise we could fall right back down to 14.4 so I am not buying calls just yet.
With the ETF inflows will heavily increase but this will take time. BTC was up a huge amount since the cycle bottom, patience friends.
Harmonic Gartley Pattern setup today on MARAThe daily chart has formed a Gartley pattern as of today.
There are 5 indicators to use to get an overall view of what the chart is "saying.
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Volume: FIsher Transform Money Flow Index
Speed: Stochastic Momentum Index
Trend: DMI-+
Trend Strength: ADX
Volatility: Bolliger Band on Bollinger Band Width
Strength: Relative Price Strength
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The volume and speed indicators are oversold and ready to turn back up.
The volume has slowed down as price has gone down.
The daily candle range (volatility) has decreased.
The volatility indicator has already turned back up.
The trend indicator is "kissing"
The trend strength has been going down as price has been going down.
The current pattern that is occurring on the daily chart is the Gartley.
The projected target price of a Gartley is the 1.27 projection of leg XA.
Target price is 35.94
Potential Buy @ yesterdays Open + .23 = 18.88
Stop @ yesterdays Low - .23 = 16.95
Money Mangement: on a 10K account you would purchase 52 shares with a Risk/Reward ratio of 8.84
Cash amount $981
Target Sell= 1862
Profit = 883
$MARA at value lowNASDAQ:MARA is now at value low and I'm flipping back to long.
Risk of dropping to prior point of control of $15.8.
POC of $23.6 looks like a magnet to me.
Planning to hold long-term to ride the next CRYPTOCAP:BTC bullwave.
wait for $38A new massive structure suggests the continuation of the upward trend; what we saw before was just a MARA-style consolidation. The giant flag guarantees abrupt upward movements, pushing the price above $35 USD
Inverse double bottomMaybe next week we will see dupplu and demand drop to lower levels. Why? How?
Inverse head and shoulders
Mara Short - with DEADLINEInitiating a short trade on MARA with a target set at 19.67361. Check the chart for the deadline. Let's see how this trade goes. 📉
Short Squeeze Potential MARA ? heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF news and now we have the sell the news profit taking etc right back to the break out. which was clear resistance multiple times if you look left. idk. its something I'll at least watch. any crypto news or catalyst can put this back in play. it really really needs to hold this area especially over 15 but i really don't want it to go past 17.50-18. but yeah, that's my thoughts something to watch, feels like its kinda late to the party and the move was made but the amount of shorts in this is interesting. id target 32. for hypothetical purpose past that it can get parabolic. 32 was about the measured move from the head and shoulders although this is log chart. also currently resting on the 9ema. im not 'thrilled' for this. just something to keep watch on. and i also want to post this so i can view it later.
Cheers! 3 day weekend. try to enjoy it. lol
MARA Gap Fill Ive been building a position on this stock for several weeks, in anticipation that BTC will be the first to move on good news and catch up to equities as the crypto rally has been stagnant.
I was expecting this drop on MARA to come fill the gap created before we had a MASSIVE move of almost 100%.
This retracement will give us an idea whether or not MARA is drilling its floor and preparing for reversal, or further down side to come.
Furthermore, we do have a trend pattern, however to me it is not exactly clear whether it is a wedge or an up trend, as I would not want to short after such a retracement. To me, I am more concerned at zones of liquidity as we determine support and resistance.
$MARA - simple resistance becoming support - KISSThis is perfect example of resistance becoming support and as long as MARA stays above $20, I am a buyer.. +EV
Marathon Digital Holdings: Red day is as valuable as Green dayWhat is going on Team NASDAQ:MARA
Let's review the 3M chart and go over this pullback.
Yes, we have been here before
Stocks go up, down, down, down, up, up, and up some more...
Remember until my next video
Above All and All-in-All; God Bless America
J.R.
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading 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.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never 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.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
$MARA - Risky but worth the tryNASDAQ:MARA I re-entered with a small position today. If it can stay above $22, it has a chance to reach $26.
Otherwise, we could see a drop to $18. If the market tanks, $14 is not out of the question. So, be aware of your risk.
Still a $40 price targetThis week was very interesting. What i left out was my indicators were not indicative of any direction and the contracts that I sold expired worthless. I did not open any others. I went into the weekend naked and afraid lol.
[Watch] MARA versus Bitcoin 6️⃣4️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA
Let's go over this chart 6M candles.
The idea is to have a map and an idea of what is real and not doable.
Can it move up 45$ in the next 6 months, yes it can because the asset did move that number before.
Remember until my next video...
Above All and All-in-All; God Bless America
J.R. Jaén
Risk Disclaimer:
1. Past Performance is not indicative of any future performance.
2. Trading 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.
3. I can and will have a position in MARA anytime because I like the stock and company.
4. Never 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.
5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
