Fact check!On April 12, 2021, I published an idea for my private followers followers to short MARA when it was 51.09 with target price 37 in in 1-2 weeks!
Don’t believe, check this! They made over 1000% gain by now!
MARA trade ideas
$MARA I have been reading a lot on social media about $MARA that its going to go bullish from the current position but i have a different view, not my personal view but what i see on the chart. There's a buying zone around $24-$25-ish so i has a higher probability to dip down a little, grab the liquidity and fly back up.
I could be totally wrong, if i am then i would love to be educated. Always up for learning new things.
Thanks
Trade Safe.
MARA: Poseidon's Trident Practicing throwing pitchforks all over this market.
A pitchfork is made with 3 pivot points.
Pitchfork isn't kind to MARA.
Strong Downward trend.
hopefully, the trend brakes out for all my miner homies.
Sorry @ockwoodjames
MARA at long term support lineMARA has held support at this long term trend RED support line.
There will be some levels of resistance along the way up (YELLOW)
As Long as BTC is advancing MARA should be done recovering. If RED line fails - more downside pressure will continue
This RED trend support line has held for months
MARA possible support and resistance As see on the chart there are 2 levels of support the 200 MA and the trend line. A possible long position to enter is when there is a bounce off around the 34 area and a bottoming. Possible resistance around 38 and 41(200 MA) but this is a great long as long bitcoin shows signs of bullishness .
Note: This is what I think do your own DD before buying
potential buy opportunityCould be a great buy opportunity here for mara if it holds above the 50MA. opening below could indicate a retrace to prior resistance. Could take a few days for this to be confirmed.
This looks like a decent area to go longIts following this trendline to an extent more than its created volume zones and resistance levels. Sure it plays along with BTC movement some because they are a miner but as long as it continues to follow the trendline its not too horrible of an idea to go long when it gets close to it. Give yourself a couple weeks of time on your trades though, no 1 week expiration calls if you know what I mean. Because it has breached this trendline a couple of times, they were short lived but anything can happen.
Please Let this be Support for MARAGreen candles closing above a long bullish trendline. Similar action around the start of March.
Looking to sell 40p 4/23 and beyond. Maybe grab a few calls idk.
MARA CallsRoughly 45 minutes ago I bought some April 30th and May 21st $50-$55 MARA calls. First target is 44, 47, then 51. I recommend selling when you're up and manage risks properly, don't wait for my target prices if you take a position.
MARA possible routeThe current downtrend is mimicking the inverse of the previous uptrend pattern. Based on that, and the 60 degree drop that followed, I predict MARA trends upwards along a 60 degree angle after closing the gap it is chasing, like today or tomorrow (4/15-16). Afterwards, a move to $48 is imminent technically, although I believe MARA belongs at $60 right now and will be pushed close to those levels through buying pressure. Notice the current downtrend also acts as a channel, same as the previous uptrend.
I still have my May calls from earlier and have no intentions of selling them for a loss. They are $55 calls. I believe MARA is at $70 by May 21.
MARA Daily MA 50 Tag Right on trend line, this should act as support to create some sideways actions before taking the next leg up !
CRYPTO/STOCKS - $MARA - EW ForecastModel Forecast for Marathon Digital Holdings:
- Bearish LLR.
- Bearish to PT: 37.
- With tight stop-loss, Good RRR trade possible. 7+ RRR.
- Highly volatile, yet range-bound due to leading instruments. Risk Defined.
- High IV, good candidate for net Credit.
- Likely will continue decline... To update.
GLHF
- DPT
MARA looks to be filling that gapLooks like MARA is going to fill that gap at $36. Hope to get some good upward action after that. Still long but be safe out there.
New descending channel ??Looks to me as if Mara is falling in a descending channel, I entered yesterday after the initial 10% drop however cut losses quickly as it continued to drop.
I dont see any strong support areas until the 30 levels
Is this due to the new $COIN IPO ?? Not sure
Let me know what you think, new to publishing my ideas so I would love as much feedback and criticism as I can get!
**Not a Financial Advisor**
My bull case for Bitcoin and $MARAHello, today I have analyzed NASDAQ:MARA , Marathon Digital Holdings is a Bitcoin mining company.
The stock price has a 90% correlation with the Bitcoin price. As the value of Bitcoin keeps making all time highes Marathon's income will do
so as well. Since the company has more than 99% of their value in Bitcoin itself.
Why It will soar
Loads of institutional investors are piling into Bitcoin.
More and more companies continue to support Bitcoin.
$MARA is showing great price strength on all timeframes.
Price targets
My short, mid and long term price targets are extremely bullish.
I've set my short term price target at $60 ( Until next friday ) and my long term ( 1 year from now ) at $150.
Conclusion
Since Bitcoin is a strong currency and has been the best performing commodity for the last 12 years, ontop off insitutions beginning to adpot Bitcoin as well as companies accepting Bitcoin for goods and services.
It is also showing a disconnect from the generall stock market which makes It more independent. All of this just proves my point that Bitcoin is the future. This is a strong buy from my side and I will keep dip buying this all the way up, same goes for Bitcoin.
OBS
Note that I am a little biased, I hold Marathon Digital Holding stock at a GAV of $35.
$MARA - bull flag?There are a lot of big call option bets on MARA for 4/30 and 5/21 ranging from $47 to $70 / share.
I hopped in right under $47 with some commons. Will add more if we hit $47.60 and then I will set my stop loss (I will give it some room) and hold, in case the $70 bets are worthy.
Like $MARA, there are large bets on $RIOT (I have a lot of commons on $RIOT).
Entering A Major Resistance TestThe weather is a bit choppy across the US and it looks like we are poised for some selling pressure, however bright days ahead could clear up the snow quickly with this one.
I am looking at this stock to test the third top on our resistance. We have seen the history here by now and we look to be in another Bull run for Bitcoin, at least in the beginning of it. Prove me wrong. onward to $75k. The money is pouring in more than they can make these things. Big Nerds in these corporations are buying every collector's edition Bitcoin they can get their hands on. Pretty soon there won't be any left for the little guy besides a few sats for his morning coffee. Take this into consideration with this stock following long term price action of Bitcoin in at least a slight way and we see that $MARA is supplying the worlds biggest corporations and largest wealth holders and job creators a chance to not only have a tax free safe haven while held without sale, and appreciates in value. WHAT IS HERE NOT TO LIKE? The only thing that will bring this stock down for long-term status in my books is a government intervention into crypto and the sale of it.
TLDR;
Long Term: BUY
Short Term: Level 6/10 Sell Warning as sell pressure could push prices down for short-term trading.
MARA - Ride this Bull Pennant Breakout! 🚀🌙Target is $75 - $80 along BLUE trend line.
Watch RSI, this run could take us up above 80?
Keep an eye on MARAI've been playing MARA as a swing for the past couple of weeks, and as far as I can tell, it has essentially been a leveraged BTC play.
Does anyone know what's going on?
My guess is that the guys swing trading this like me, sold off in order to get in on CoinBase IPO...
I believe it will bounce.
I wonder what the price will be if BTC goes below 60 - which I think it will...
Let me know, I wanna get back into this but am worried that it will go down to $39 resistance.
Personally, I will buy at $40.5, then again if it keeps crashing. However, I will also get back in this at $48 should it break out.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
