Sometimes it's this easy. Marathon Patent Group (MARA) LongMarathon Patent Group (MARA) has invested over 200 million dollars in bitcoin miners. At a price of $28,000, they would profit $523 million anually. Sometimes it is this easy. Long it huge.
MARA trade ideas
TRADING CRYPTO STOCKSThe great thign about all of this crypto stocks is that they follow bitcoin..DAHHH!
The simple chart ilustrates it
1 itis imperative that you keep a pulse on bitcoin and the stock share Dilution not to be trading against the wave. As there has been and will be regular offerings....
2 Profit taking its mean here and stop loss cascades are common.
3 Always be aware of the bitcoin support and resistance levels as well as time waves.
4 Be on the lookout for institutional buying and selling and follow their cicles.
5 Be ready to react imediatly to divergence arising from bitcoin and the market in which the stock trades.
6 BEGINERS DONT SHORT!!
Good Luck!
$MARA 150 dollars a share by end of year? #BullishAFI have been following Marathon Patent group since it was 1.8 a share a few months back. They have been doing great with PR, and company future outlook. If you have been following the bitcoin mining industry then you know that Mara has struggled while $btbt and $riot have been able to climb to higher market caps.. The reason that these other companies have gone up is because they have a higher hash rate than mara's(232ph/s), which allows their miners to solve code and mine faster, Apparently $btbt has a has rate of 2,000+ Ph/s. I don't really believe them. China is known to lie about financials and if you go on their website its all around sketch. I haven't done much research into $btbt but I do know that they used to be a Chinese car rental company. It seems sketch to me, I am not interested in $btbt at all. How does a Chinese car rental company have a higher hash rate than mara who has been mining bitcoin for over 4 years. Riot block chain is a legit company but their hash rate is 456Ph/s and they have not updated their website since before November. The whole time I've been watching mara I've seen tons of deals and news drop while riot block chain has not been doing anything really. Apparently Riot block chain is going to have a hash rate of 2.3 Eh/s by May 2021. This is nothing. Mara is expecting 103 thousand Bitmain miners to collectively be shipped and set up by the end of 2021, when this is done mara should have the highest hash rate in the industry by a landslide(10.5Eh/s). If bitcoin keeps running I'm expecting mara to continue going up.I am bullish on bitcoin, I think it will keep going up exactly like tesla has been. 100k price target. As of this moment, bitcoin is going up to all time highs at 37k. Mara will be climbing tomorrow. I am expecting it to hit the Fibonacci retracement level at 19.75. then pull back down to the previous level at 17.59, then continue up towards 26.01 after. Take profit at 19.75 then let it pull back to 17.59 and buy back in.
One thing that I would note is that Bit main owns 80% of the bitcoin mining industry. Unfortunately they are not publicly traded but they have filed for an ipo. Bitmain sells bit miners to all of these mining companies. I will link the article I read on them underneath.
(i)nvestopedia.com/news/crypto-mining-giant-bitmain-going-public-4050-billion-valuation/
Thanks,
Benjamin
MARA: Bullish Flag, awaiting confirmationBullish Flag, awaiting confirmation
Pros:
Descending volume during formation
Volume during break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
Golden cross circled in blue
R/R ratio above 3, low
250RSI above 50
200MA ascending
If confirmed:
PT = 22,46$
MARA hit my 4.6 fib and reversed. Expecting consolidation.Maybe a bull flag or something before continuing upward? Not advice. trade safely.
MARA - Significant Level Here - Watch for reactionMARA - Significant Level Here - Watch for reaction
I hodl shares from 2.27, shaved 20% off at 12.05 to lock in gains. Playing options as well. Just sold 19MAR21 20 @3.20/ BOT 15JAN 21 7 P @.05. Will keep playing add/subtract for the foreseeable future.
MARA @.786fib. Mid regression channel meets top of downtrend.
Looking for 16 - 17 if it can break up and out.
BTC set up as well. Trying to Run.
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
MARA seems to be consolidating. MARA seems to be trading sideways for now. MACD looks bullish. Staying long on bitcoin miners.
MARA, where it will go?Like many of you I am concerned about MARA. Either is over valued or it is currently under valued.
Now I am using an older chart to elucidate that it can drop to 8/9 or up to 14 during next BIT up wave.
But do look at the volume, a HUGE sell and no buy right now. Thanks to dilution, I think it is pure crap!
Folks remember we were all excited that bitcoin was ATH 35K, but BTBT goes to the moon and MARA / RIOT is in RED. This is a pretty significant alert. luckly I have also EBON that gave me some profit...
At this stage, correct me but I see niether MARA nor RIOT is going to 20.
PS: this is a short term analysis only.
MARAI'm not thoroughly convinced MARA is done moving, just a lot of consolidation. The 0.5 Fibonacci Channel is holding so hoping to see a push and break of 11.36 and then I'm projecting this to go to 16.97.
if bitcoin goes up this will go idk i just kinda like something like MARA more than BTBT or GBTC idk why no good reason just intuition. it's smaller than RIOT which is why this is my bitcoin play. good luck happy trading
Bullish on $Mara With the recent parabolic rise of Bitcoin, companies such as MARA and RIOT may benefit.
Buy Zone. Entry PointLook for another big week here from $MARA after the cold shower it took last week.
Good Entry Here In This Buy ZoneTracking this stock and holding into the new year. This is a great spot to get back in or even take some gains, but we should see a little more growth here.
$MARAMarathon Patent Group Inc (NASDAQ:MARA) has held nicely above its $10.40 support line on a close basis over the last two weeks. The continued relative strength of Bitcoin could accelerate the bounce move on MARA next week.
MARA is ready , We have a reversalReady for a bull run... Support above 10.65...11...Target 14
Tight stops bitcoin play.
MARA SHORTS SQUEEZEDWhy it pumped: they bought a load of crypto miners.
Take a look at historical price, it's not a good investment.
That said, mining revenue is trending up. They may be right for some time.
Looking to enter a put around $6, have yet to decide on expiry.
MARA, be ready at ?Frankly speaking I don't know where MARA or RIOT are going, and / but Mara has surpassed RIOT in price already, which is an exceptional event/ indication.
I am using my previous chart, it shows MARA not only has attained all targets we can rightly assume that it will be at 12.50, from 5, just in 3 days.
However, we can observe it is over brought. Hence, I expect a cool off, as Bitcoin is cooling off right now. Maybe back to 10 support line.
I am very tempted to sell 30%, but if we expect bitcoin to reach 30K, then would it be wise to take the risk of to sell at 12 and hopefully to buy back at 10?
Monthly MARA chart - lets say we revisit 20 and 35Revisit of 20 and 35 would be good enough to partially retire
