MARA Up and only UPMAC D and RSI Curling! I can see a potential break out of this pennant! Let's see BTC hold some support at high levels.
MARA trade ideas
Look for some price cheating soonHello again,
MARA and RIOT were famous earlier last year for taking a few major price jumps within minutes and hours to compensate for the influx of volume coming into the stocks. MARA has sustained the volume and even made some major progress during their earnings situation when they announced that they were on schedule for their BitMain mining installations, added additional Bitcoins into their stockpile from mining, and even beat earnings expectations.
All a plus for me when we needed confirmation the most. Profitability is the next position that needs to be overcome for another major hurdle in price point, however, the current status of this stock is not affected by profitability for me. This stock is solely valued to me by future gains and profitability, which has been increasing since last year as BTC entered its current Bull run to 60k.
Everyone pretends to know the future of Bitcoin, but we all know how fragile this commodity can be when tested. It's one huge pullback away from being in a bear case with average investors usually setting sell limits that if obliterated could cause a major price meltdown.
That being said we are still in the Bull run with almost no end in sight from today's price standings. I am optimistic for MARA to reach over $60 with the current momentum with not much resistance. I will continue to follow up on trades. I have been holding a good amount of MARA, but this is a great point to add some more to your portfolio as it will see some good days ahead from this price point. I am not currently holding RIOT, but they are always a good alternative too.
MARA MondayLook for support at WHITE trend line
Resistance forming at YELLOW line (around $51.90)
Assuming BTC pumps today we could see highs near LIGHT PURPLE faded trend line.
I see price movement between the YELLOW arrows today.
MARA loves to pump out the gate, with profit taking shortly after. If lookin to enter today aim for limit order near support WHITE
Good Luck
Bull On!
$MARA PT 68 next and higher later...Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada.
MARA, be ready at 38 OR 60MARA is going to play the yoyo for now, till the next big move up. The highest it can go for now is about 60 right now.
Not necessarily 100% accurate but since I brought MARA from 2.5$, I have observed this is what it does the best, trapping many FOMO investors into it... un till the next huge up.
So if I can, I would rather back at around 36/38 than 50...
Friday 4/9/21 MARA updateEnd of week can lead to profit taking and close out weekly profits. This typically starts around mid day trading.
MACD on higher timeframes are looking bullish ready to move up.
Support is back on the BLACK line with resistance at around $58 if Bitcoin surges while trading.
IMO Monday and next week is looking very Bullish for MARA and Bitcoin - all focusing on COIN IPO launch date of 4/14
Upper BLUE trend line still short term target.
Good Luck - All depends on Bitcoin price. When Bitcoin ranges... MARA is good at doing it's own random patterns.
Where to find support?MARA is in between support and resistance.
If Bitcoin gains momentum we could see resistance at the black ATH line around $50.
If Bitcoin cools off more we could encounter support with MARA against the 20 EMA 1D and the ATH descending trend line. Careful to watch the MACD - another down day today could start the end of week sell off.
Short Term target is the blue trend line and new ATH. IMO If your long, no problem. Just wait and be patient until we reach target and see what the TA is signaling.
Good Luck
MARA is my favorite swing stock! I’m fairly new to trading but so far I keep buying the dips are MARA and then selling when it gains 15%-20% then when it dips again I do it again. I missed on on this last bull run to its newer high because I sold at $43 which was my target exit. It’s looking like $43 might be my next entry if this bull trend continues as noted by the yellow trend line!
MARA takes breather for higher levelsLook for short term target of BLUE Trend Line.
If Bitcoin is still climbing with new ATHs, then GREEN UPPER Trend line is in play for profit taking in the short term.
Look for support at previous ATH (near $51.50) and deeper support at the black line ($49.90) as previous ATH (Fib) and previous resistance.
MARA is looking great. Buy those dips, there is room to range higher.
IMO Target is trend line $70-$100 (depends on when we touch)
Good Luck
$MARA pumping but bitcoin losing steam? smells like opportunityquick idea. declining volume, stagnating bitcoin price. ATM puts 2-3 weeks out from expiry look attractive for a quick play.
I still think bitcoin has one last trick up it's sleeve, but it's not going parabolic just yet.
PT: $48
this is not financial advice; I am not a financial advisor. Trade at your own risk.
$MARA ABCD Short set up Watching, price action for short set up, this is would coincide w $btc & $eth short harmonics i posted. Thanks for checking it out
Let MARA come down, then buyI watched a very encouraging interview that CEO Merrick Okamoto did, and I must say I am pleased with the direction that this company is heading.
After the rip from yesterday, we now know that retail investors are prepared to break all-time highs, without the same-day regression.
I love this company long, so I will be buying once my first support limit is triggered, and again at low support.
This stock is highly tied to the price of bitcoin, so if you think that is only going up from 58k, buy now!
If you like the concept of bitcoin mining, nobody in North America does it at this scale.
My personal belief is that Bitcoin needs to come down below 50k in order for the market sentiment to shift on the 50-60k level. People need to realize that it's either worthless or worth a hell of a lot more than 58k.
This stock will break the $100 level again in the next 3 years. If you want a long-term hold that you don't have to look at every day (you may stress yourself out), then hold this.
Let it come down and then I recommend having a close look, or buy now and enjoy the profits long-term.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.
MARA: Ascending Triangle (91%), Bullish pennant (97%)Primary Target:
Ascending Triangle (91%)
PT =95.57$ (higher than secondary)
Secondary Target:
Bullish pennant (97%)
PT =85.60$ (Lower that primary)
MARA, be ready at 50 .To make it simple:
Few months ago I was asserting that MARA is going to 5 bucks! Now I think we can expect 50$.
Bitcoin has short term circles , rise hard and drop lesser hard, so is MARA, with higher lows.
Now I think the bullish short term circle is back, and this is going to above 50, if we get over 45 resistance and Bitcoin is making a new ATH. Right now, the volume is small, and no FOMO...
But I am not expecting it to touch 60 or 80 for now, as many argued. Only to above 50$. And 50 is a historical resistance at least since 2015... Please comment if you are interested. Thanks
Date Night For MARA We'll get Hibachi for 70.00Not financial advice.
"I can cook,clean, and treat a woman like a queen"
Legalizedhustler
Highly correlated to BTC price so a 3%-5% reduction in bitcoin price is equivalent to 15% loss on all alt coins and mining/crypto exchange related stocks.
So be prepared for substantial pullbacks any given day.
Pretty much same as I updated before where I had the buy at 32.00
If you followed that chart. You bought at good point of 32.00 don't be greedy sell at 64.00 if u bought at 32.00.
Keep ur house $ in and buy the pullbacks.
Retested 32.00 range came to 30.00 and bounced off it
Still aiming for 70.00 Target.
Support the legalizedhustler
#hustlabynature
#financialnostradamus
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Soon to be cccllc
Bullish SwingSolid support and resistance points where price has moved double to triple in matters of four to 10 days.
