$Mara put verticalSold March 15th $24/$28 put vertical for $2.3 credit.
My breakeven is $25.7. I will receive the full
credit if the stock is above $28 by expiration.
Oversold and CRYPTOCAP:BTC is rising.
MARA trade ideas
MARA Bull Flag, Simple TA based on BTC movement. If BTC runs up higher, I see no reason as to why MARA would not play out on this bull flag. We are crossing the EMA ribbon and setting up nicely. Not financial advice, DYOR.
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
MARA huge cup and handleMARA has had a massive run these last two years, the BTC chart looks the same, we do need to correct at some point but it is possible the ETF inflows change market conditions.
everything looks in order for this Head & Shoulder pattern everything looks in order for this Head & Shoulder pattern with huge possible return :)
Mara to 1500$ - Bitcoin the new institutional treasure.Marathon digital holdings - literally takes sun light(solar power) and makes money from it. The biggest company in the world to create all those bitcoins that everyone suddenly started loving.
People don't really understand how important is Mara and how big the whole thing gonna get.
"Marathon Digital Holdings Expands Deployments with Compute North, Powered by One of the Largest Renewable Energy Providers in North America"
MARA: Bullish -NAVARRO 200 detectedMARA: Bullish -NAVARRO 200 detected
Two harmonic figures were detected by the Wolf of Zurich.
The divergence with the ROC remains strong
it is therefore a Bullish signal
However, monitor the Exponential Averages 50 and 200
Will MARA get a Crypto ETF pump?I've held MARA for quite a while now and it has been one of the best performers in my portfolio. For me it was to be able to buy into the Bitcoin speculation without having to directly buy Bitcoin. Whenever BTC went up, Mara behaved like an leveraged stock and would rise more significantly. When BTC went down, Mara of course would follow.
It will be interesting to see how the market digests news of the new Crypto ETFs being approved into the mainstream by the SEC today.
Might be one to watch.
MARA READY TO FIGHT Mara loks like on 30 minuts.
Good time for call ,
Cup structure.
Look at the 31.30 line. If we maintain this level, we will rise to 35-40.
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024.
- Breakout level is 21
- Initial target = 35-38 by early March 2024 (before earnings)
- Watch out for possible resistance around 25-27, but should break through it easily
- After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024.
~The black arrow/path is my forecast to initial target.
Bullish Head & Shoulders with target around $100We have the Bullish Head & Shoulders pattern confirmed with target around $100...
just need to get over the resistance blue line first ...
$MARA BREAK OUTNice break out of MARA yesterday likely could follow up if economic data will be in line with FED policy. Ichimoku Cloud confirms support.
Short term long position on MARA.MARA showcases a compelling setup as a tail forms at a critical support level on the daily chart, signalling heightened buyer interest. This potential catalyst, coupled with increased volume, may fuel a short-term uptrend, targeting a minimum retracement level of 23% and an extension up to 38%.
$MARA - Week of 2/12/24NASDAQ:MARA mid-term bullish, dependent on BTC action and overall market conditions
Looking for a hold over 22.50, ideally a retest of 23-22.50 zone for entry
Targeting the 26.60 - 26.80 range, with a reach of the 31-33 zone.
TP1 @ 24.36
TP2 @ 25.20
TP3 @ 26.60
TP4 runners @ 31
Would be interested in the 3/1 25c. Expecting some chop and an inside day, and would also prefer to buy some extra time for the reach potential
Stock is above all EMAs, and EMAs are in a bullish trend (9,20,50,100,200 from top to bottom)
RSI showing strength
Strong bounce with volume off the weekly TL
BTC over 48k with strength during writing
Mara ready for take offWith bitcoin halving coming up a great play would be to get into crypto mining companies.
Marathon Digital (MARA) Bucks Production Dip with 23% SurgeMarathon Digital Holdings Inc ( NASDAQ:MARA ) has defied expectations with a remarkable 23% surge in its stock value, despite a notable 42% decline in Bitcoin production for the month of January. The company's resilience in the face of adversity has captured the attention of investors, highlighting the enduring allure of the cryptocurrency market.
The surge in Marathon's ( NASDAQ:MARA ) shares comes as Bitcoin, the bellwether of the digital asset space, inches closer to the $47,000 mark. This upward trajectory has catalyzed a broader rally in U.S. stock market crypto-related companies, underlining the symbiotic relationship between Bitcoin's price movements and the performance of associated entities.
January's production figures for Marathon tell a tale of challenges and perseverance. Despite encountering weather-related disruptions and equipment failures leading to site outages, the company managed to mine 1,084 BTC. While this represents a substantial decline from December 2023 figures, the market's response underscores investor confidence in Marathon's ability to navigate adversity and capitalize on favorable market conditions.
The positive momentum observed in Marathon's stock is reflective of broader trends within the crypto industry. Canaan Technology ( NASDAQ:CAN ), Bitdeer (BTDR), Coinbase ( NASDAQ:COIN ), and MicroStrategy ( NASDAQ:MSTR ) have all witnessed significant gains, buoyed by Bitcoin's ascent. This collective surge underscores the growing mainstream acceptance and adoption of digital assets as viable investment vehicles.
Notably, the enthusiasm surrounding Bitcoin's price surge has been further bolstered by substantial trading volumes observed in spot Bitcoin exchange-traded funds (ETFs), exceeding $1 billion. Institutions such as BlackRock and Fidelity have emerged as key players in this arena, signaling a maturing market ecosystem and institutional confidence in the long-term viability of cryptocurrencies.
Moreover, comments from Federal Reserve officials hinting at potential rate cuts later in the year have added fuel to the market's bullish sentiment. The prospect of looser monetary policy has enhanced the attractiveness of cryptocurrencies as a hedge against inflationary pressures, further driving investor interest in the digital asset space.
In conclusion, Marathon Digital's ( NASDAQ:MARA ) resilience in the face of production challenges serves as a testament to the dynamism of the cryptocurrency market. Against a backdrop of macroeconomic uncertainties and operational hurdles, the company's ability to capitalize on Bitcoin's rally underscores the enduring appeal of digital assets as a lucrative investment avenue. As the landscape continues to evolve, Marathon's ( NASDAQ:MARA ) trajectory serves as a compelling case study in adaptability and opportunity within the burgeoning crypto ecosystem.
$MARA - Are you ready for more?NASDAQ:MARA Breaking out from the channel. The MACD cross bullish. RSI is turning up.
Upside Targets:
$28
$31
$37
Downside risk:
$19
I only have a small position this bull run. I had a fairly decent position during the last bull run which returned about 500%.
MARA flips bullishMARA right back to the trend line just like that, this is what makes options on this stock so lucrative the vega absolutely crushes. I think we see as high as 26-28$ before my dead cat bounce theory on BTC ruins the party. The golden will appears to be an inflection point on a lot of my holdings right now, this emphasizes how important it is as a momentum indicator if it can be held.
Marathon DIgital Holdings - Elongated Right Shoulder (H&S)Marathon Digital Holdings is about to test the neckline of the H&S.
Bitcoin miners had huge volume on Friday.
Will be looking for a bullish close on the daily above the neckline to initiate a position.
After Fed announcement, where I do not expect Powell to add anything new.
Powell will probably reiterate we will go again if inflation persists and the monetary lags are yet to be fully felt, Bitcoin will find buyers. This should be bullish for all BTC miners.
Initial target should be around 30 on break and who knows by next year we might be in a crazy bull market in crypto (there are signs appearing). In that case, taking half of the position and letting it run might lead to 5x-10x.
If you are interested in Bitcoin miners in general, here are some comments:
1. Riot and Marathon are Tier 1 miners
2. Cleanspark and Bitfarms have already broken out of resistance are looking extremely bullish.
3. Volatility of the miners are high (position sizing is key)
4. Miners will be extracting less BTC going forward (due to halving) but Bitcoin price supports revenue and there is monthly revenue also from mining fees.
MARA Marathon Digital - Bitcoin play 50-100%?MARA is on the move again. Longterm 50%-100% gain to get back to previous highs. Also watch BTC cryppto also to see if Bitcoin will run to indicate MARA moves coming.
$MARA -For Gods Sakes, they are PRINTING $$ from The SUNthis is a $500MM well capitalized micro cap stock company that takes SUNLIGHT and TURNS IT INTO BITCOIN.
THIS STOCK (along with ticker: WULF) TURNS SUNLIGHT INTO MONEY
THEY TURN SUNLIGHT INTO DINERO.
THEY TURN PHOTON BEAMS OF LIGHT FROM THE SUN, AND TURN IT INTO MONEY.
No man or organization should behold such power. It can not be harnessed.
absolute power corrupts absolutely" NASDAQ:MARA
An upward trend of MARA and BitcoinGo MARA! I can't see anyway it will go down to $9 but to $20. its positive thought which hopefully will fulfill.
