$MARA back testing IHS necklineThe IHS went parabolic and set us to ATH.. Here are we back testing the neckline
MARA trade ideas
MARA Testing Critical Support LevelPrice continues to sell-off! We're now down 60% since the all-time high in April. Let's see if price can hold this support level at 24.00 per share. Price is facing significant risk of breaking below level if bitcoin sells off. On the other hand, this could also be the intermediate bottom forming. It's really hard to say which scneraio will play out, but this stock is defiantly worth keeping an eye on.
After Morning Sell-Off to $22, Good buy in at $23, sell at $26MARA rocketed down last night frighteningly for many investors and BTC did a plummet as well.
This morning, I eyed a great opportunity to buy in around $22 in the pre-market trading on WeBull. I just love the oversold and overbought indicator functions!
You can see the trade analysis much better in a smaller timeframe, but TradingView only allows 15 minutes or more time frame for public ideas. I've set up our Fibonacci levels as guidelines for when to buy and sell.
As predicted, it started to regain its losses to $23, to the projected target of $25-26. It is currently overbought in a shorter time frame at $26, and may go down further tomorrow. More losses are predicted, but not necessarily going to happen. We will see. Watch the trendlines! Watch the 55-56k level for Bitcoin!
Hoping for another great trading day tomorrow!
Best of luck, always do your own research!
Resources:
walletinvestor.com
app.webull.com
MARA Just because $MARA bought more bitcoin doesn't make it a profitable business Here is your head and Shoulders to 23.66
$MARA is setting higher lows but MACD is setting lower lows$MARA with the hidden bullish divergence on the daily chart. #Bitcoin is really starting to pick things up. Lets not forget $MARA will report earnings soon. I don’t see why tomorrow can’t be start of the reversal
$MARA TIGHT CONSLIDATION 38/32 IF BREAKOUT THEN +/-20% TO 48/24$MARA Consolidated for 8 days within range 38 to 32 if breakout then possible to see 20% - upper side target near 48-47 - lower drop then previous bottom near or above 24 . Indicators in favor of bullish move but candles are bearish.. high volatility!
Massive Bounce coming for Riot and Mara - Record EarningsRiot and Mara are trading way below fundamentals today, and this is an incredible bargain as both companies are set to post record earnings soon. Bitcoin is surging today as well over 58,500 and set to make a run for brand new all time highs. Seize on this massive opportunity today and rake it in for the next two weeks. Cheers everyone and I hope you and your families are eating well.
$MARA possible Megaphone bounceLooking at recent price action from MARA, and given that its been in a downtrend ever since BTCUSD has yet to find its leg up, I think this could be a good indicator of a bounce in both possibly. I would look for a small entry here since it bottomed out and found its way back right on the line before closing today. But not financial advise, just my thoughts looking at it. If this indeed a true bounce, we potentially have a long leg back up from here.
Bullish: BTC, Listed Average Price Target For the Past 4 MonthsI have MARA and BTC being compared to on the chart. Mara Is very under valued.
MARA Daily - If we could get some volume to the upside damn thisMARA Daily - If we could get some volume to the upside damn this chicken could run
Mara's Broken Rising WedgeETH has hit an ATH and Bitcoin struggles to keep up. As a crypto believer, I do believe before the next high must come a new low. Price Target is $25 before going to $60.
MARA and RIOT Oversold - Good Buying OpportunityTechnically, MARA and RIOT were both oversold last week and that downward momentum coupled with Bitcoin's key support levels provided an excellent buying opportunity with a high rate of success.
This proved true, as Bitcoin, MARA and RIOT bounced off the key levels of support, and the trade profits grew in size.
It is almost always better to wait for the perfect opportunity than to rush in and buy.
By waiting, you ensure you will not have high draw-down levels once you enter the trade.
For people trading with their life savings, that can cause a panic, and a swift panic-sell loss that may later turn into a hypothetical gain, without their investment.
MARA finally time to elevate?Will it be a MARA MAY?
Mara needs to gain above the YELLOW descending resistance level and back test against it to confirm upwards progress.
If that happens on Monday, the MACD 1D should cross and signal bullish investors.
Resistance may be encountered short term at 0.786 fib ($45.50)
As BTC pumps or dumps so will MARA.
Careful for a BTC rejection at 60K - lots of profit taking will occur there. if 60 is lost, we could consolidate more. IMO BTC will pump but be prepared.
Watch for confirmation signals above
Good Luck
MARA Continues to Trade in ChannelMARA is one of the largest crypto mining companies in the US. According to bitcointreasuries, Mara curreently has 5,263 worth only $300,057,928. It's 3.7B market cap is largely attribute to the future earnings from mining. For this reason, the price of bitcoin is the biggest factor for this company's price action.
There are a few setups for MARA. Price could either breakout from this channel or continue trading in this range. When Bitcoin gains momumtum in the coming months, the breakout scenrio is very possible. Also, keep an eye on the support level at 29.00 & 24.00/ These levels could be a great buying opportunity assuming that Bitcoin's price continues to go up.
$MARA Target PTs 44-55 and higherWave Analysis; pivoting off Support and up-trending towards Resistance
MARA trading in a range. Might be a quick win.Mara has been trading in a range and looks to have bounced back off its support area. If it is up today could be worth a close look. Supporting indicators look like an uptrend is forming.
Bit of potential upside there if it runs. Certainly a fairly popular pump stock by social media posters.
MARA looking like recovering after a pullback.MARA has been an absolute beast of a stock this year up and incredible 11,500% !!! over the last 12 months.
Had a bit of a well deserved pullback, but looks like it will resume its run.
I suspect though that if Bitcoin crashed Mara will come down just as quickly so keep a close watch if you decide to buy.
MARA sitting on support from 2016.MARA held support well these past couple of days. I don't think we fall below 30 again. Bitcoin being so aggressive helps to turn things bullish for MARA
Potential Triple BottomWe could see a reversal from a potential triple bottom. On the 4HR timeframe MACD is curling up ever so slightly. BTC is currently on a bull run and could continue tomorrow. Could turn out to be a good daytrade.
Hodling wasn't meant to be easy Extreme overbought leads to extreme oversold
Bulls are right but time is key patience pays remain calm from 30 to 50 can take less then a week load below 27 to 21
