MARA - Recent Trade recap
Lesson: You don't need a perfect entry. Getting in late and staying in the trade longer guarantees more profit than buying at the absolute breakout and then choking at the higher levels.
MARA trade ideas
Mara This could be setting up for another big push. Yes it’s got a bit of a flat support at 16$ so we’ll have make sure Mara controls this. Key reistance is 17.50 so if we can clear and hold that, this should be gettinf prepared to move up.
I’m long but I am willing to flip short if we lost flat support and flip to reistance.
$MARA Banking On The Bitcoin RallyThe House Financial Services Committee recently passed a bill for crypto regulation which may see cryptocurrencies running in the coming weeks. The reason for this anticipated run is the authenticity and sense of security this bill would add to cryptocurrencies. Since Bitcoin is the world’s largest cryptocurrency, it is likely to be impacted the most by this bullish news which could see other Bitcoin miners like Marathon Digital Holdings, Inc. (NASDAQ: MARA) run in sympathy. For this reason, MARA stock could be one to watch closely over the coming weeks as more updates become available.
MARA Fundamentals
Regulating Crypto
As things stand, the recent crypto regulation bill is a strong catalyst for the crypto industry since it remedies overarching concerns related to the crypto market. Chief among these concerns is security as the crypto market is currently riddled with scams, fraud, and sudden rug pulls. Once renowned institutions like Celcius, FTX, and Terraform have soured the reputation of the crypto market, causing many to question the validity of Crypto as a secure form of investment.
This bill offers the market guardrails in the form of oversight by the SEC and CFTC in order to prevent such incidents from occurring, which is why if the bill is codified, cryptocurrencies may witness an influx of new users resulting in the rejuvenation of the market. Having said that, the fact that the bill is bipartisan makes it very likely to pass a House vote which would be bullish news for the crypto sector. In this way, Bitcoin mining stocks including MARA stock may see substantial runs with more updates regarding the fate of this bill.
Another important aspect of this bill is that it improves the authenticity of cryptocurrencies as a form of investment. Recently, the crypto market has been experiencing multiple wins as more and more institutions are utilizing it as a form of investment as shown by Blackrock’s application for a spot Bitcoin ETF. If the ETF gets approved, it would mark the start of a bullish run in the crypto sector and Bitcoin miners like MARA stock may prove to be a way to gain exposure to the sector.
Shareholders Meeting
Currently, MARA is poised to have its shareholders meeting on July 27 where shareholders will vote on a proposal to raise the company’s authorized shares from 200 million to 500 million which is likely to be approved by shareholders. While the expected dilution may impact the stock price in the short-term, it would allow the company to expand its miners to reach its targeted hash rate which would be pivotal for the company’s growth prospects.
Technical Analysis
MARA stock is in a neutral trend and is trading in a sideways channel between its support at $16.23 and its resistance at $18.83. Looking at the indicators, the stock is above the 200 and 21 MAs which is a bullish indication, while it is testing the 50 MA as resistance. Meanwhile, the RSI is neutral at 52 and the MACD is neutral as well.
As for the fundamentals, the crypto sector may see a run soon following the House’s financial services committee’s crypto regulation bill. Since MARA stock provides investors with exposure to Bitcoin’s price movement, the stock may run over the coming weeks along with Bitcoin as more updates regarding the bill become available.
MARA Forecast
Given the recent crypto regulation bill, the crypto sector could witness a strong run over the coming weeks as regulating cryptocurrencies continues to gain steam. Given that Bitcoin is the world’s largest cryptocurrency, it may be poised to witness substantial gains on any positive updates regarding the bill. In this way, crypto mining stocks may run in sympathy since they move in tandem with Bitcoin – making the MARA stock forecast bullish this year. However, the stock may witness a slight pullback in the near term since the company may dilute to expand its miners if shareholders approve the proposal to raise the AS in the shareholders meeting on July 27.
MARA down o 11.5 soon! This idea is based on BTC will slumps to 25k to regroup strength.
BTC is in dare needs of some serious short interest to fuel the next bull rally.
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down.
Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle.
With bit coin holding 30,000 level.
We could see it retest and/or reclaim $20 soon.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
Mara Finding A Bottom. Demand Zone. Mara is finding it's bottom and a pivot point that decide its short term fate. Still trading in the wedge it's in close resemblance to Bitcoin.
The drop from the run up was expected not all stocks go straight up I still think MARA is in a great position for a run up.
$MARA continuation after breakoutThe video breaks down my thesis on the last couple potential pushes left in NASDAQ:MARA on this short winded rally in crypto.
$MARA - Breakout from a Double Bottom Reversal Pattern1. A 16 month downtrend.
2. Last month the price broker out and closed above the 10 EMA (M), after these 16 months, with an above-average-sized bullish candle.
3. During the current period the bulls remain in control, at the time of editing, and should the price close as is or similar, then the following things are confirmed:
3.1. A 15 period high close.
3.2. A new higher high - new market structure.
3.3. A fresh uptrending market.
3.4. A breakout from a prominent double bottom pattern.
4. The trend is your friend. An uptrend is about to be confirmed, the bias will be to look for long opportunities close to value areas.
5. The breakout from the double bottom pattern can be the trigger we are looking for.
6. Take profit in the demand area delimited in the chart, stop loss roughly 2 ATRs below the entry.
7. Alternatively, remember that trends are powerful. How about trailing the trend? Close long only after a closure below the 10 EMA (M).
Most importantly remember that none of these lines and ideas matter if you don't manage risk properly. Diversify, use fractional and small positions, use stop losses, ...
Cheers,
Tenacious Tribe - Quantified Trading Strategies
mara strictly trading wedgeMara has been trailing BTC but is now Trading within its own wedge. I thought it would continue to drop but retail has too much buying pressure. Bouncing off a double bottom at 17.50. 20 seems to bee in the near future.
Trade responsible,
#TradeTheWave 🏄🏽♂️🌊
Second target hit $19 - 46% Profit NASDAQ:MARA STOCK..
That was a great call, congratulations for those who entered per my published Idea..
Wait for more ..
Trader K,
MARA and Bitcoin Hand In HandMara Holdings, also known as Marathon Digital Holdings, is a digital asset technology company that focuses on cryptocurrency mining operations.
Obviously if bitcoin does well so does mara.
We've now entered a falling wedge where both are trading in. Looking for an upside break to the next leg once its confirmed.
Trade Responsible
#TradeTheWave
[Watch] MARA versus Bitcoin 5️⃣5️⃣| Year to date 439%Year to date ⤴️439%
What's going on, Team NASDAQ:MARA
We are not entering the "Catch-up" phase; FOMO is far away.
They called me a loser, and they laughed at this idea.
Guess what...? NO one is laughing now.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading 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.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never 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. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
MARA - Symmetry is incredible
Flag on 3D above the volume shelf. If it can manage to breakout of range at 11-12, could go off big.
Can go down below 60 VMA around 8.
Risk/Reward favors bulls here.
Disclaimer: no position yet.
MARA Squeeze ItIve been watching this stock for quite a while, and waited for a good opportunity to hold shares from $7. Weve got a few levels above us that need to be confirmed and forming a bullish falling wedge reversal.
Target approx HKEX:17 - HKEX:18
Only time will tell.
MARA in pump mode! 🚀major trend resistance broken, resistance turned support, reclaimed support zone! all bullish signs!
Rally to 13-17 may be around the corner here 🎯
boost and follow for more :)
+22% in profit on $MARA , next $19+22% in profit on NASDAQ:MARA , next $19
Wonderful, great setup... I'm looking for $19 to sell my second position half.
Thanks,
$MARA is heading towards $16 It's clearing $13 as I'm writing this Idea ..June 27 2023 , We have clear targets 16-19.
My stop would be $10 (wide stop due to nature of the stock).
#MARA Straddle! Notional value -1.7M$Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order.
With us can find new opportunities every day.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
Mara Been on a roll here. Has a large channel here as it’s reaching some potential rising reistance. Howverr if we can pop 16$ and hold as new support in coming days, this has a lot of room to the upside. I took a postion at 1385 but I’m thinking this could be seeing 19-22$ soon but needs to confirm above 16-16.20 to truely be ready. Let’s see how this plays out.
MARA Reversal Time? Ive had my eyes on BTC for quite a while, and the recent dump will give us an idea of where the trend is heading. After a dreadful and painful 95% dump, I think its time we see the largest bitcoin miner in the world start creeping back as we close in on the FED Pivot.
The yellow lines are my golden pocket fib retracement, for this idea to be valid we will need to see a reaction of support around that level.
Only time will tell ..
My trading price target for MARA is $15.I'm sharing a technical note from Market Edge:
"The stock has outperformed the market over the last50 trading days when compared to the S&P500. The MACD-LT, an intermediate term trend indicator, is bearish at this time. MARA's chart formation is showing signs of reversing its recent trend. If the stock closes below $8.23 a change in trend will be confirmed. Upside momentum, as measured by the 9-dayRSI indicator, remains positive. Over the last50 trading sessions, there has been more volume on down days than on up days, indicating that MARA is under distribution, which is a bearish condition. The stock is trading above a rising 50-day moving average. If MARA falls below this important support level it could trigger additional selling pressure. MARA is holding above a declining 200-day moving average.
$MARA Look for more upsideNASDAQ:MARA stock looks ripe for a run on good volume. Seems like $15 is a given NASDAQ:MARA
[Watch] MARA versus Bitcoin 5️⃣4️⃣| Year to date 287,15%; RSI 50Year to date ⤴️287,15%
What's going on, Team NASDAQ:MARA
New Month, New Opportunities, New Ideas, New beautiful people to meet...!
Summer 2023 starts now.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BITSTAMP:BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading 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.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never 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. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
