$MARA - Back above the trendlineNASDAQ:MARA is back above the trendline and recently broke out of the descending wedge with a measured move of $25. 👀
MARA trade ideas
MARA Ready for blast-off?!?Good day traders! Are we on the cusp of miners exploding to the upside? I think so!! We are about to embark on wave 3 impulse and based on last cycle, all indicators point to $200 target.
MARA 23/03/2024 A breakout candle occurred. Now we should build a position at this level. It is struggling to break the EQ level. However, it can find support from imbalances. 18.27-17.64 imbalances worked really well.
If we stop out, we should be ready at RL and d imbalance below to become a buyer again.
MARA not happening (Short)With the recent rise of BTC you’d think that the miners would move in tandem, one of the problems with the miners is that after the halving their job is going to get 2x harder. As you can see from the recent price action it hasn’t been a good play if tracking the price against BTC.
On the 1d chart MARA looks like it’s in the latter stages of a head and shoulders pattern, H&S is a bearish pattern possibly indicating further downward movement. Even though the H&S hasn’t confirmed I wouldn’t be a buyer here.
Taking a fib from the Dec 2022 los to recent high puts the 0.618 (Golden pocket) at around 15, adding a 200 EMA to the chart adds an interesting level we could see a small bounce from (around 16.27) before possibly heading lower. Confirmation of H&S points towards the 0.786 (sub 10) to a support level around 7.22.
Retracement levels, 16.27, 9.74, 7.22
BTC miners - bottom is inNASDAQ:RIOT monthly chart. RIOT, MARA, MSTR normalized to BLX. RIOT almost at March2020 lows, MARA more resilient. MSTR almost taking out 2021 ATHs.
TLDR: Rotate MSTR into miners 🙂
MARA dropping to 7 bucks this week!MARA stock is in a Head and shoulders bearish pattern with 2 trend lines magnetizing it towards fibonacci 1.618 target to touch the trend lines. We have a bearish rsi divergence on the daily chart confirming huge selling last high around 35 or 30 i believe. Target for h & S is the top to the neckline which again brings us to nearly $7 near the golden ratio 1.618.
Bubble theory 🫧 BTC minersThere are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them.
There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top.
First bubble is when volume dries up as the price hits extremes.
Second is when peoples attitudes or sentiment, or opinions change to bearish. And that can happen over night, like a switch. It's interesting and finance is a social science.
Some bubbles can burst due to external events, like start of wars or some financial crisis.
There can be strong bull markets and most of times, these external events would just be noise?
> Was btc miners in bubble? And what type of bubble?
I think Yes and No? Whenever there's a risk free trade, supported by factors a bubble emerges? The price of Mara was rallying hard, trend was strong. You could argue people got over optimistic, knowing the ETF decision was a risk event. -> therefor (the burst) was sentiment driven. But also predictable?
Bubble is when too many people hold asset and there re no buyers left. Similar how a taxi driver is hype about investing.
Technical analysis gives you perspective and context. In 1st instance, impulse was too high and volume indicates crowding? It's tricky because it looks so bullish.
In 2nd instance, impulse was too low. Price action looked bullish? bubbles happen when too many people hold the shares and expect them to rise.
If 1st instance was sentiment switch driven, then 2nd time, the bubble must burst due to exhaustion (or no people left to buy... at these prices.. similar how taxi driver hops in the trade at the wrong time).
Factors and thesis can be bullish - and bubble still bursts.
Is NVDA and SMCI a bubble?
I think there is difference between NVDA, SMCI investors and their time horizon? It could be. I think people believe their investment is supported by the tech drivers. Every dip should be bought out by smart investors and these are the best assets to own in next 5-10 years.
It doesnt mean there cant be external events and risks.
again- bubble is when too many people are in investment. So bubble can burst either by them changing their sentiment or beliefs (maybe fundamentals must change?). Or if price is just so ridiculously high or there is no money left at sidelines, that trend can't be sustainable.
When markets rally - everyone only reads good news and ignores bad news. And vice versa. #HowardMarks #MarketCycle
---> The Risk-Reward buying at these tops just isn't great. That's why they burst. Accompanied by sentiment risks, that hide behind the hood.
SPREAD MARA / COIN very much oversoldRecent bullish action in Bitcoin has crashed the spread between these 2 bitcoin stocks.
We see a opportunity to be long the spread for a 19% gain
MARA is headed to 7.44!MARA is in a bearish Head & Shoulders pattern on the bigger time frame of 1 hour indicating a high possibility of success. This would bring the target to around $8 near 7.44 1.618 Fibonacci. If this is the case, it should happen this week, and fast. The RSI bearish divergence at the top of the H & S confirms this.
MARA is about to drop like a rock.MARA (Bitcoin mining company I think) stock is currently in a bearish Head & Shoulders pattern. I’m currently in puts and expect this to hit at least $8 next week. This coincides with bitcoin heading to $60,000 and losing steam.
MARA: Run it back turbogap filled at $17.5, my previous idea was very successful. Now we ride it back up again ;)
Break of trend. Back to prev channel.MARA has been heavy with dilution on top of numerous of BTC-correlation traders betting on a run up since its earnings. It's time to come back down to previous channel
Triple your money? In this bull market, it could triple your money. Should stay above 16.25, if it loses 16, then it could go down a lot lower.
ABCD/ lightning pattern, & Cypher Converging patterns, Clean ABCD (equal length drives) off 20$ level, also 4 hour cypher (786 trigger) . This is a decent set up. Long of 20$, tp's are listed. This needs room imo think under structure listed at worst. Use connecting pattern to maximize profits, always Leave runner imo is possible. We have been watching this pattern for a while, patience is key. Price action is paramount. Good luck guys
MARA Long if BTC Continues To Rise.MARA looks to be at a good entry point, as long as BTC holds this $70K range. If BTC goes to 100K, then MARA could go back up to the $33-$40 price range.
Triangle of MARALets make a wishfull thinking for MARA to stay in the blue triangle until end of 2026
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
MARA Breakdown - Short term - Buying opportunity NASDAQ:MARA
Likely to move down towards $18.7 for a bounce off of the volume shelf and the Fib down 12% - Look to buy at $18.70 - RSI Pointing down
$MARA intrady a rare cat ears pattern!NASDAQ:MARA Have you ever seen a cat ears pattern? Well here it is. This is on 15M intraday chart.
The measured move is $20.50 area.
YOU MAY THINK I AM JOKING. I am not.
Google "Cat Ears Pattern".
MARA - GET WILDPretty sure this ones going to pamp! In line with BTC... Rising tide rises all ships. Not financial advice, DYOR.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
$MARA Ready for TakeOff! Bullish There has been a significant bullish momentum for Marathon Digital Holdings ( NASDAQ:MARA ), a prominent player in the Bitcoin mining industry. The stock has been performing well, and the company has recently reported a record-breaking Bitcoin production and mining operation for December 2023.
One of the key factors driving this bullish trend is the recent Bitcoin rally, which has seen the seen the price of bitcoin surge. This increase in Bitcoin's value has directly benefited Marathon Digital Holdings, as the company's primary focus is on mining and holding Bitcoin.
Additionally, the company's expansion of its mining operations and the acquisition of new mining sites has further fueled the bullish momentum. Marathon Digital Holdings is strategically positioning itself to capitalize on the growing demand for Bitcoin mining, and its recent performance indicates that these efforts are paying off.
The bullish momentum for Marathon Digital Holdings is driven by a combination of factors, including the recent Bitcoin rally, the company's strong performance in Bitcoin production, and its strategic expansion of mining operations. As a result, investors are taking notice of this digital powerhouse, and the stock's upward trend is a reflection of this growing interest.
Targeting the the $60 price point for profit taking. Cheers :)
MARA BOUNCELooks like miners will bounce.
I see target of 26, then pullback to fill another gap at 17.50
That move would conclude potential H&S
Mara can go even lower to test support at 16.50
