ride it down, ride it back up. $MARA Chart says it all.
Uptrend in RSI
Bullish MACD cross.
Bounced off strong support.
Has an obvious up-trend where it hasn't even gotten close to the upper bounds of the channel.
I play em both ways!!!!
M44 trade ideas
Perfect cup and handleMarathon just broke a perfect cup and handle. Wait for it to hit $60/$58 then grab the bounce
Price Action for $MARAI messed up my support trend line and looking at this for a second glance I see us reaching $80 by the end of the month. Disregard the price line I made on the last chart because it didn't fall in line with the support. More bullish in this case. Definitely see $80 for $MARA by the end of the month.
$MARA Price action for 11/11Obviously we are going to see volatility over the price action of Bitcoin over the past couple of days. Some things I want to note are that we will probably be trading in the mid-60s range before the next pump. Short term I am bearish but still see this pump getting to $80 by December. From there I believe the price of bitcoin will be trading at $70k and the Fomo will begin. Going to pay attention to some stock-to-flow charts of bitcoin to ensure when I will be selling. Then I probably won't come back to $Mara until we have hit lows of bitcoin. Until now enjoy your gains lol. I would say overall I am neutral, but it's foolish for me to not take out over 100% gains when bitcoin soars to a new price discovery. WHEN THE BEAR MARKET COMES FOR CRYPTO I WILL LOAD UP AGAIN!
MARA overcookedMARA is looking slightly overcooked. There is potential to short/buy puts and ride down till it fills the gap up. It could have a further downside but is highly unlikely unless BTC sells off. RSI extremely overbought, MACD in nose bleed territory
MARA next few daysMARA has been explosive over the last month during this BTC rally.
MARA doesn't always follow BTC price action. I have noticed a very strong run over a few days and then about 2 weeks to cool off.
Watch the fib today as resistance around $82.5 - if that is broken we could hit the top of the trend channel.
I do not know where MARA will stop, but i could see this week it peaks and profits are taken (for a time).
RSI and MACD are elevated.
I am moving up my stop loss and it will get tighter this week as MARA advances. $100 will be impressive. Some of you found MARA under $1, I didn't find this until $3 and it has been a very rewarding investment.
Good Luck.
Buy and check on 69It has a good shape chart even trader miss some chance. Buy today and check 69 to sell or keep
MARA next Price Target $76Mara broke out of resistance around $55. If BTC continues its rally then we can see MARA around $75-$80.
BUY Opportunity - Great setup1. Long-term Uptrend
2. Bullish Candle with high volume and closed above 57
3. Watch out: Earning is coming.
$MARA price action 11/2/2021$MARA my favorite of the bitcoin mining stocks. Been holding onto this for a while now. Long term I am still long on the top mining stock. However, there are some key factors that I will be taking away. How these companies will survive during a bear market. Q1 and Q2 of 2022 are going to be rough for the crypto industry as a whole. Some mining companies will go bankrupt while others will prosper from surviving low prices per bitcoin. $MARA is my safe bet with a small allocation to capital. I plan to get into $RIOT and $HUT during the bear market if they do survive. Short term I am still very bullish. From 2022-2024 before the halving, I will turn to be bearish. From these years I plan on buying a large allocation in $RIOT and $HUT, maybe adding on my $MARA position too.
IT'S HAPPENING! BULL AUTUMN AHEAD IN CRYPTO LAND!As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price.
As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a fakeout, we can safely conclude that Bitcoin is in for an autumn rally!
Why then is that?
Well, just as Coca Cola won't lower their prices on their tooth-acid nightmare should the price of sugar skyrocket, neither would Marathon itself trend whilst Bitcoin is dumping.
Based on the near 4-year long technical build-up, there is A LOT of upwards pressure amidst a north-bound breakout, like now. Hence, we can naturally conclude that Bitcoin is either ready to truly move, or at least to continue consolidating with time, as in a price-based correction, above THIS key horizontal support zone.
We have recently discussed how Bitcoin could be in for a nasty flat down to $22,000-25,000. Is that entirely nullified then?
Yes and no. As long as this internal breakout in Marathon versus Bitcoin (NASDAQ:MARA/BITSTAMP:BTCUSD) DOESN'T turn into a fakeout, then yes: the flat threat is cancelled.
If, however, we were to see a soon-to-come break below the technical neckline, then you can bet the farm Bitcoin will go down there.
As for now, given the immense risk to reward, I have put all of my eggs into Cardano, Ethereum, Marathon Digital Holdings and Polkadots - all of which are some of the strongest technical prospects right now.
With that said, I WILL release EVERYTHING upon a break down below the neckline. And the reason is simple: fakeouts tend to move highly aggressively in the opposite direction. In such case, you can take the low to mid 20 000s targets to the bank.
MARA: Ascending Triangle (95%), WeeklyMarathon oil ascending triangle still building up on the weekly chart.
Was first shown in march 2021 but just continued building up.
If confirmed:
Price target = 101.65$
Stay humble, have fun, make money!
MARAMARA having a textbook bull flag. A breakout will take it to 68 range. It also has hidden positive divergence on the RSI. Bitcoin has always had a great November so we could with high probability say that we might see a breakout to the upside.
$MARA Long Idea
MARA is a crypto space company who moves relatively with Bitcoin (BTC miner).
Given the recent resilience of Bitcoin, MARA has broken out of a rounded bottom on the daily and is currently in wound up daily pattern.
RSI also looks to be bull flagging and MACD still in bullish context.
Targets are 58, 60, 65. Stop Loss under 47.
Daniel Betancourt
OptionsSwing Analyst
Shooting stars ….You know what that means . Sorry bulls you had your chance…. Hope you took profits on this amazing double top. Btc will die this weekend .
Short term down trend for $MARAAs $BTC got ATH and consolidating, this is my short term idea for $MARA. I'm Bullish for MARA for long term.
MARA just double top its ATH and now it is consolidating with BTC. $MARA has gained too much in a short period, and now it's time for pull back.
Stoch RSI has started its trend down and RSI is overbought starts to down trend.
My Short/Put option target is Fibonacci retracement level is .5 which is also middle line of Bollinger Bandwidth.
let me know what you think about $MARA and discussing is welcome.
Bitcoin Miners correlation to BTC during potential Blow Off TopSpeculative projection about Bitcoin miners during a blow off top phase of Bitcoin during December 2021.
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.
A reasonable path for MARA to get too 100On the back of the crypto run I think the miner stocks have some good plays as well, especially those with options.
