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.
MARA trade ideas
$MARA price action 11/2/2021$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 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
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.
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.
Marathon Digital Holding - MARA - Stock with a Crypto Flare!Marathon Digital Holding - MARA - Stock with a Crypto Flare! Many times this stock, MARA, follows the price movement of major cryptocurrencies such as Bitcoin(BTC). From a Technical Perspective MARA has bounced off the fibonacci golden zone and may project to the 27.2 or 61.8 projections. Edutainment Purposes Only!
$MARA Marathon Digital Trade setup
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MARA looking like Angelina Jolie from 200720% gap between BTCUSD nav performance and MARA. I believe that gap will close.
So she's looking fine as hell, a beaut.
Partnership with Beowolf should yield a 38% decline in electricity/power costs.
I believe MARA is going to be the winner out of the pack of bitcoin miners because they have been reinvesting in efficiency and growth heavily.
Their sales per employee are nearly double that of RIOT showing that they can do more with less, and if you can stomach no P/E for a decent period of time, their major investments in growth will pay off in the long run versus appearing profitable in the short-term.
$MARA 6 Months Base Setting UpLarge 6 Months base on $MARA
Put a little cheat area around its 50 MA back in early august on broke out
Tested $30 level twice w/ buyers stepping back in
Another shelf around $37 last month & moved out on Wed & holding for 3 tight days
Very constructive action. I like it