The MARA Pullback Is In MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up.
Confluence
- Sitting on a 4x proven support line
- Doji signaling reversal
- RSI = oversold
Entry
- RIght now or upon the upward cross of the 8-day EMA
Target
- $52.29 in 32 days
- All-time highs by June 2022
MARA trade ideas
Marathon Digital Analysis 09.12.2021Hello Traders,
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MARA! Swing Is breaking resistance on consolidation.
Great Risk And Reward. I am getting some Feb Calls!
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MARA! Swing Getting a great support.
RISK AND REWARD is great as well.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
MARA - Retesting BreakoutBulls have been in control since May 2020.. Some see a H&S, I see a re-test of breakout.. We do have a shooting star on the monthly which is bearish bitcoin has been consolidating for months and expecting a breakout any day.
TP $100+ by mid-Feb. If bitcoin stalls, then RIP MARA. GL
MARA will support hold?MARA needs to close the day above this $50 range. Head and Shoulders could form and lead to a test on the RED lower support line.
If support holds, along with BTC movement, MACD could begin to curl and indicate that this level will be some of the lowest values for a while. Notice this establishing support at the previous ATH range. just as BTC is doing.
First 2 weeks BTC miners PUMP and last 2 weeks they dump (last 2 weeks has the best prices for the next month typically)
Good Luck.
mara short swing ~previously we swung mara from around $20 --> $70 via:
it came down pretty impulsively after poking our target, and there has been no signs of bullish divergence or anything of this nature (thus far).
i think it's going to drop lower.
shorting it right here for this potential sub-wave 5th swing.
MARA update on weeklyLarge drop has happened and we are digesting sideways a little bit. Scenario #1 The question will be does the weekly candle close above the $51 - $53 area and we sit here for a week or so before we continue to build back up.
Scenario #2 we get more flush out because leverage is still high and BTC takes the crypto market down towards $43k for a higher low. Those levels for MARA would be the yellow arrows and would likely happen quick.
Leaning towards #1 being a higher probability due to historic test to 2017