Continuation into next week bounced from the golden pocket and broke the neckline of our inv H&S targets are in the fib extension
MARA trade ideas
MARA Holdings Surges: All Profit Targets Hit in 15min Long TradeTechnical Analysis: Mara Holdings – 15-Minute Timeframe (Long Trade)
Mara Holdings displayed a strong bullish move, hitting all profit targets following a long entry at 15.77. The trade has now concluded successfully, with all targets achieved.
Key Levels
Entry: 15.77 – Long position initiated after identifying bullish momentum.
Stop-Loss (SL): 15.41 – Positioned to manage risk in case of a reversal.
Take Profit 1 (TP1): 16.20 – Initial target achieved early in the trade, confirming the upward trend.
Take Profit 2 (TP2): 16.91 – Continued buying pressure led to this level being reached.
Take Profit 3 (TP3): 17.62 – Bullish momentum carried the price to this level.
Take Profit 4 (TP4): 18.05 – Final target successfully hit, completing the trade.
Trend Analysis
The price remained above the Risological Dotted trendline, confirming a sustained uptrend throughout the trade. Mara Holdings showed strong buying interest, driving the price through all profit targets.
The long trade on Mara Holdings was highly successful, hitting all targets, with the final target of 18.05 marking a profitable conclusion. This showcases the precision of identifying and capitalizing on upward trends.
DOES $MARA HAVE SOME ROOM TO GO UP?WITH CRYPTOCAP:BTC BREAKING OUT OF ITS CONSOLIDATION IS ONLY RIGHT EVERYTHING CRYPTO WAKES UP. WHICH BRINGS US TO NASDAQ:MARA
TECHNICALS: NASDAQ:META has to regain the level of 18.52 for a pop to 19.38 if we can get a clean close above 19.38 we can see a clean run the 26.76
“REMEMBER, TREND AND VOLUME ARE THE GAS AND STEERING WHEEL THAT POWERS AND DIRECTS A MOVE IN YOUR TRADING VEHICLE (STRATEGY) , DON’T CAUSE AN AVOIDABLE ACCIDENT, TRADE SAFE”- TWINEY
@T.W.I.N.E.Y
MARA Bullish Outlook: Elliott WavesTechnical Analysis of MARA Based on Elliott Waves.
The following analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Investing in stocks involves risk, and past performance does not guarantee future results. Always conduct thorough research and consult with a financial advisor before making any investment decisions.
Key Observations from the Chart
- Elliott Wave Theory: The chart appears to be using Elliott Wave Theory to identify potential future trends. Elliott Wave Theory suggests that markets move in predictable patterns, often referred to as "waves."
- Uptrend: The overall trend of the chart seems to be bullish, indicating a potential uptrend.
- Invalidation Level: A horizontal line is drawn at the bottom, labeled "Invalidation Level." This level could serve as a support level, and if the price breaks below it, the bullish outlook might be invalidated.
- Pattern Recognition: The chart seems to be suggesting a potential "5-wave impulse" pattern, which is often associated with an uptrend.
- Price Action: The price has recently shown a pullback, which could be a healthy correction within the larger uptrend.
Potential Outlook
Based on these observations, the chart suggests a bullish outlook for MARA. If the price can hold above the "Invalidation Level" and continue to follow the Elliott Wave pattern, there is a potential for further upward movement.
However, it's important to note that technical analysis is not foolproof.
Market conditions can change rapidly, and unexpected events can affect the price. Always stay informed about the company's fundamentals, industry trends, and broader market conditions.
Next Steps
1. Monitor Price Action: Keep an eye on the price in relation to the "Invalidation Level" and the Elliott Wave pattern.
2. Consider Other Indicators: Combine technical analysis with fundamental analysis to get a more complete picture of the company.
3. Risk Management: Implement risk management strategies, such as stop-loss orders, to protect your investments.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
MARA structure break aheadMy trading plan for Mara:
1. As the ralley of the last days was driven by a lot of euphoric dumb money with FOMO due to rate hikes, I do not trust. We‘re at ATHs in S&P500, we could form some double top at NASDAQ and we are meeting a strong resistance in BTC.
Therefore I think we will have another flashcrash next days, bringing BTC down to under 50.000 and MARA back to the upward trend. That‘s when I will go long at 9$.
2. As flashcrashs in election years are traditionally a very good buy before a strong ralley, I think we will see another upward trend into Q1 of 2025. I my opinion it‘s irrelevant wether the president is called Trump or Harris, it‘s much more important that people stop questioning who will win. A lot of liquidity will flood the market, we will see new ATHs.
When stock market and BTC ralley MARA will break the triangle structure and go up to somewhere at 40§.
This is my TP to sell.
3. I expect the long time expected recession as a delayed consequence of the rate hikes, so I see a correction that‘s lasting for a few months in 2025. BTC may be going down to 30.000$ and MARA will backtesting the downward trend as support with another capitulation under the upward trend.
This may be the time to go long again at 4$-7$ to enter the next ralley driven by more printed money, which may bring MARA to 120$ and give us 20x.
Just my opionion, please think by yourself.
Happy trading!
Potential breakout for MARA.🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
MARA, gathering strength for multi day gains -- coincides marketMARA tri-monthly chart is clearly showing initial upside shift.
Accumulation and volume has been notable this past few days. Net buyers are definitely positioning in anticipation of crypto market's season breakout.
KEY NOTES:
Tri monthly histogram has registered higher lows -- cementing the current price range as the base for the coming series of ascend.
First "bubble up" volume indicator below indicates warning sign of an incoming series of UPSIDE movement.
Near term goal is x4 price -- with extended high prospect of x10 returns within 12 months.
Spotted at 10.0
TAYOR.
Safeguard capital always.
_______________________________
FUNDAMENTAL NEWS / from tradingview:
Mining Output Up 77% In May
Jun 3, 202306:35 GMT+8
KEY POINTS:
Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month.
The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees.
The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics.
Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction fees thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward.
Marathon Digital’s Share Price Up 7%
According to the unaudited Bitcoin production and miner installation updates published by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.”
Fred Thiel, Chairman and CEO of Marathon Digital Holdings
Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.
MARA to $18MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading system is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Squeeze in in play.
I hold until target is reached or end of year, when I can book a loss.
So...
Here's why I'm picking this symbol to do the thing.
Price at bottom channels
Stochastic Momentum Index (SMI) at oversold level
TTM Squeeze just turned off
TTM Squeeze momentum is down
Impulse MACD is crossed over to the downside
In at $13.41
Target is upper channel around $18
Bullish Deep Crab on MARA!looking good for entry aiming for 2 profit targets! NASDAQ:MARA is looking prime for an up move!
MARA Prepping For Next Leg Back Up NASDAQ:MARA
July reached a High of 27.30 (middle of July) and began its' downtrend to the Low in Q3, at 13.17 (beginning of September). I believe that is The Bottom of the V as MARA begins to ascend back towards the next 2 legs up!!
So, with that being said, I comfortably took 15.50C options expiring 9/27 with the analysis that MARA is running up into its' next leg of Support and Resistance (16.59 - 18.84). I am by no means a professional investor, stock analyst, or financial advisor... I am a tier lower than an amateur beginning trader , so please do not jump into any recommended trades without doing your own research!
Support and Resistance levels provided for July, August, and September from my perspective!
$MARA - Looks goodNASDAQ:MARA Well, I took the opportunity to add last week. If the yellow descending wedge plays out, there is a chance it could run to the $34 area.
Will I stick with this stock until then? No. I will just trade the ups and downs.
The targets in Aug 18 post still valid.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
MARA POTENTIAL POP On 24 HR timeframe can see MARA and bitcoin making a big move back to $20.
Made next week’s candle stick prediction.
more downside if floor is lost at 15.27.
MARA 5X Previously known as Marathon Patent Group, Marathon digital holdings is highly poised to benefit from the imminent crypto rally generally expected by most crypto investors to occur between late 2024 though 2025. BTC has been highly tipped to touch the lucrative six digits milestone during this cycle and all crypto related stocks have been tipped to follow suit.
MARA faces competition from other very strong crypto related stocks such as NASDAQ:MSTR NASDAQ:RIOT NASDAQ:COIN NASDAQ:CLSK (all of which i highly recommend) and newly approved BTC ETFs but judging from my past experience with crypto miners, MARA tends to generate the most hype and volatility. With a weekly gap now filled, Ive started bulding out my position and I am expecting a 5X return from these levels within the next 6-12 months.
Many already cover MARA on the daily so i don't plan on covering this too much other than the weekly and will gladly add on if we fall even further. Best of luck!
MARA at Critical SupportMARA's at the 1Y chart trendline support. I entered here, stop loss -10%. Looking for $19+. Only thing that is the variable is a chance that Bitcoin falls below $50k. Will be watching closely.
$MARA - Looks promisingNASDAQ:MARA looks promising to me. The critical support held, and the oscillators are turning upward. I've been trading within this sideways channel.
Fred is taking a page out of NASDAQ:MSTR 's Michael Saylor's playbook, so the stock could potentially run when Bitcoin moves up.
Targets:
$19
$21
$23
Support:
Around $14
Again, I share what I think and what I do, but I'm not suggesting anyone follow my trades. You do you.
$MARA - Looks promisingNASDAQ:MARA looks promising to me. The critical support held, and the oscillators are turning upward. I've been trading within this sideways channel.
Fred is taking a page out of NASDAQ:MSTR 's Michael Saylor's playbook, so the stock could potentially run when Bitcoin moves up.
Targets:
$19
$21
$23
Support:
Around $14
Again, I share what I think and what I do, but I'm not suggesting anyone follow my trades. You do you.
$MARA - New Swing Long Trade Opportunity!NASDAQ:MARA - Hello everyone! I'm excited to share this with you! Over the past year, whenever the RSI has touched 30 or very close to it on the daily chart (marked with white vertical lines), it has always rallied by 100% or even more. There was only one instance where it failed to reach 100% and instead rallied by 41%, which is still a decent performance. This is absolutely incredible! So, should we be worried and sell, or is it time to buy more? The choice is yours!
Mara doomedIf you see increasing volume on highs, that could indicate distribution rather than accumulation. In the Wyckoff method, you want to pay attention to the relationship between price and volume to determine the market's intentions. Increased volume on highs suggests that there might be more selling interest at those levels, signaling potential distribution.
The last time we were at 28 it had volume reach ATH. It still didnt go anywhere near 30. This is worrisome because those cyclical patterns with increasing volume at lower highs suggests big players are selling off.
Time cycles have been proving to be a very reliable tool when paired with confluence.
⚒️ Marathon Digital ⛏️- Record BTC Production of 1,853 BTC in December and 12,852 BTC in 2023
- Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s
- BTC Holdings Now Over 15,000, Total Cash & BTC of $1.0B as of December 31, 2023
Sitting on a 15 dollar average on MARA with my latest add. About what I like to see on a algo target hit (small retracement before consolidation and other push higher). I'll put some Hopium bids under the pivot in case we can get a retest before higher targets; I'll also consider adding if we just go sideways here.
Marathon has plans to get to 50 exahash and plenty of cash on the balance sheet for expansion. Any sell off is opportunity to increase your share holdings. Last cycle miners lagged BTC, and MARA was one that actually put in a second high like Bitcoin while other miners put a lower high. Fred Thiel is a solid CEO, and is looked at as a leader among the other Bitcoin mining companies. With more Bitcoin on their balance sheet than the exchange Coinbase, they are certainly no joke. And I would argue a better miner than RIOT, in terms of production. With global hashrate expected to increase substantially this year, I don't see a more clearer play than Bitcoin miners.
God Speed gentlemen. See you at the top ✌️
Hopium Fills : Teens
Targets for cycle top : 140-180s (3rd wave), 300 Algo target
MARA - Careful here 16-17 level appears to be critical here, if BTC doesn't bounce back here, MARA will be at risk
Marathon Digital Holdings, Inc. | Support Breached (Baseline)➖ On the 17th of July, the MARA stock produced a very strong sell signal in the form of a bearish candlestick pattern.
➖ This is a Doji and also a long-term lower high (July vs February).
➖ The ensuing price action formed what we call a "rounded top," a major reversal pattern.
➖ While these are strong bearish signals, there was a still a rising trendline working as support.
➖ This trendline is shown black on the chart and has now been breached. Breach of support.
➖ With support lost, we can expect MARA to move back to its baseline level; clearly shown on the chart.
This is already an old move and fully confirmed.
➖ Depending on how the baseline is treated, we can determine if a recovery will take place or lower prices are expected.
➖ An initial bounce at baseline is ultra-high probability at baseline.
Thank you for reading.
Namaste.
MARA simmetric triangleas we can see Mara is foarming a simmetric triangle, miners always follow BTC, i think once BTC will start to run , mara will follow, I am buying the dip
