MARA trade ideas
MARA, 6 Jan: Almost a Buy.MARA has lost -65% since November. Let’s take a look if we can pick up the stock from the bottom.
Elliott:
The count suggests that a 5-wave move is about to complete. This can be interpreted as wave C of a larger degree.
Geometry:
If the pitchfork is drawn correctly, we may have a potential support at the lower boundary. The 4th extension of the upward facing channel is a bit lower at 25, which is the same level as the 78.6% retracement.
Oscillators:
The Stochastic is oversold and due to move up. The RSI shows a bullish divergence.
Correlations:
For MARA to move up, we need:
Bitcoin to bottom out and start a new bullish sequence.
DXY to not break the current resistance and drop lower.
How to trade it:
The idea is to test long positions as MARA approaches the potential supports, and build further long exposure when price makes a higher high that breaks the downward trend. It is possible to trade RIOT for diversification. The idea is invalidated if Bitcoin shows no signs of recovery.
New Position $MARA Target 41.91 for 33.13%New Position $MARA Target 41.91 for 33.13%
Or Double position at 21.05 (I have Feb 4 puts sold to double my position if it goes down further)
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
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Crypto Miners P/B -ratios with BTC priceP/B ratios for the main public crypto mining companies wit BTC price movements.
Mara Shortterm pump INCOMING or not ?Reason behind being bullish on MARA for short term is because of BTC being bullish for short term that you can check here :-
PLEASE NOTE :- After that ABOVE Idea and Right now BTC is at 48.8k while posting this idea and BTC should stay Bullish in order for this IDEA for MARA to work.
Furthermore, why mara is looking Bullish ?
1) Mara is at strong support zone :-
2) Mara is making a falling wedge and bounced strongly from support zone :-
3) Significant Bullish divergence on daily chart as you can see and thus we can expect a bounce from here :-
What targets you would say ?
Here is your answer for that :-
First target price is around 40 then 47, and then if BTC Stays bullish and MARA can get above 47 then only 53.
These are my MARA short term targets and i would try to update this idea as it progress.
WHOLE IDEA will be invalidated if BTC goes down under 47 or especially under 46.5k.
BTC SHOULD REMAIN BULLISH for MARA to Pump otherwise.
Therefore I will be putting my Stop Loss here just under 31.37 :-
If you guys appreciate this educational post then please do support it using Like button and Trade Safely.
Buy MARA 27/12/2021You can buy MARA target 53.48 stop loss 30
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
$MARA | Watchlist #3 | 12/27 - 12/31 MARA +39
(Over 39 for calls)
or 38 bounce
(Bounce on 38 level for calls)
News Catalyst: "Marathon Digital to Expand Hashrate by 600% With Record Purchase of Bitcoin Miners" -
www.coindesk.com
Marathon Digital $MARA measured against the VIXThe favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of CRYPTOCAP:BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report.
What's interesting here is how tightly it follows the VIX . For the purpose of emphasis on this, the VIX chart at the top is inverted .
At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.
Merry Christmas and a Happy New Year!
🎄🎅🎄
MARALONG-TERM: Daily hidden bullish divergence developing, 4hr classic bullish divergence, wedge breakout, bounce off historical trend line. (not financial advice)
MARA to $40Mara is basing in a weekly demand zone and forming a potential 2d - 2u (#theStrat). Could potentially see $36 then $40.
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 - short on the weekly an H&S is setting up. Lots of time to confirm this. Could go long then short, if you are feeling fancy
Marathon Digital Analysis 09.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
MARA finds support if BTC has finished dropping MARA has found support after H&S on the RED support line at $36
Once $50 was lost this was where support was expected.
May be a place to begin DCA if you are long on MARA and BTC.
🔋updated analysis on MARA🔋nice bounce off previous trendline resistance on mara, congrats if you secured some gains at 80 and are reloading on these dips!
price targets 75-80 again then new highs shortly after!
goodluck, like and follow for more 💘
MARA! Swing Is breaking resistance on consolidation.
Great Risk And Reward. I am getting some Feb Calls!
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 er 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 $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
11/30 MARA BREAKOUTThe following is an analysis of MARA at pre breakout level, with BTC back on the rise and the mining stocks knocked down to oversold I believe MARA is in a very prime position to breakout of this inside range past 52.50 and up towards 56 before trying to reclaim prior levels.
MARA! Swing Getting a great support.
RISK AND REWARD is great as well.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. 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 Double Bottom and will run again - Target 75$MARA knifed after a big run and now built great support around 47$ area.
Looking for another run starting December.
Target 75$.
MARA MARA still working out the recovery after that big bull push to my target of $75. I did say $75 will slow down the bulls MOMO and it surely did. Now bulls must keep flipping support into resistance and create Higher lows to move the trend back up
