Looking a bit bearish. Wait for upward actionI see us retracing into this bottom line here. If there is a drop past that we are in must sell. I sold today all shares to cash out of investments for year-end.
MARA trade ideas
Technical evidence of buying MARA!1- Getting out of the downtrend of all time!
2- Obvious Cup and Handel pattern which is one of the most reliable money-making patterns in technical analysis!
3- Just close above 200 SMA in the weekly chart!!!
4- increased trading volume
Keep this Bitcoin miner on your watch list Price action to SMA 100
SMA 50 speed is about to cross up zero line!
It just need to break the resistant line!
Pennant or ascending triangle.Looking at the daily chart MARA looks to be in a pennant pattern, or ascending triangle. Remaining bullish on bitcoin miners.
Down but not out.We didn't have the day we wanted but we must stay true. We hit the bottom of the channel and we won't see much downward from here unless we drop down into the 1st channel.
I dropped some shares at peak today and am looking to get some more capital in $RIOT at the moment. $MARA seems to be a much more long play than explosive.
Dont doubt this stock though there is a lot to admire.
Break before the uptrend continues. MARA and RIOT have been up trending with bitcoin. MARA appears to be trading sideways, good entry point. Not a financial advisor.
$7.16 Short term Target here.Plenty of room to move up tommorow. I havnt added this dip but I am holding comfortably.
Some clear space aheadWith Riot Blockchain pushing upward this is always a secondary stock to follow.
MARA for todayIt could very likely to settle around 5.30 range before take off if bitcoin is going to take off.
[short-term] MARA will go up to 6.5If Bitcoin is stable at ~$19,000, medium-term uptrend momentum of MARA will be secure. For short-term, price has touched the support line (MA 15) and will go up soon.
Gap down and Gap back up. MARA gaped down just like RIOT and then it gaped up. MARA attempting to break the line of resistance. Bullish on MARA.
Outlook for The Week AheadSimple graph here not showing too much but sometimes its better to look outside of graphs. Marathon has been quiet the past couple weeks with Bitcoin holding the bears hostage and its a race to see who can turn a profit first. Will it be RIOT or MARA. I am betting on RIOT over the long term, however MARA just seems like the more organized company and usually they are the winners in the end. I will look to hold my shares at this price and wait it out for a little longer to see if there is another pop here.
MARATHON PATENT - W pattern -BULLISHOn a 4 hr chart we have a nice W pattern formed. Looks to me that we go to 20$ soon
The trend is UP and the fundamentals are strong
20 seconds on the shot clock. Whos taking the shot?This is either a chart breaker or a heart breaker here. Wait for some buy signals or sideways upward action. Im not scared of this beast dropping too low.
MARA, be ready at 5 .I am holding Mara since 2. The sell off could stop at around 4.90. So be ready to reload. Afterword it could be heading to a new TOP before Xmas.
Keep it for 2021.
$MARA Marathon Patent Group $7.65 target
Potential entry above August High @ $5.26
$7.65 target to Fibonacci 1.618 expansion level.
in confluence with weekly Horizontal resistance .
