Mara fib Using a fib retracement in the 1D frame, it shows that the price is going to 44$ and then back from the resistance and up again if the news and Btc are doin well
MARA trade ideas
Mara is queued for lift offwith BTC making a strong recovery the past 3 days breaking from its bearish trend this next week 2/7 - 2/11 will be a large week for miners such as NASDAQ:MARA NASDAQ:RIOT and NASDAQ:HIVE . Key indicators of this will be BTCs strength and overall market stability. with MARA down 35% as of 2/3 and BTC continuing to show moderate strength and stability in its recovery we can expect these tickers to play catch up to BTCs leaps.
I currently hold 2/11 $22.50 Calls that i am expecting to 3x this week as we see the rise begin again from year lows.
MARA at support Mara is currently trading at a very strong support on the daily and has room to the 28 area.
Mara follows crypto so a short term run in Mara means names like BTC will also rally.
High watch for me into the new week.
Not investment advice just an idea
load zone detected🍿mara entering its extreme support range , may consolidate a bit before it gets a bullish rally again but I think we are seeing a short term bottom here.
short term price targets are 28.11-32.71, like and follow for more! 💘
$MARA looks like it bottomed, can it push to $50+?$MARA looks to be forming a bottom here in the $25 range. I expect next week will start a move up.
I think we'll likely move up to retest the 50% retracement level at $54 and reject there (potentially a little higher at $57).
Let's see how it plays out over the coming weeks/months.
Looking for more than 100% of return in a few months?Take a look to $MARA, the stock has completed all the patterns to the downside creating new upside patterns and releasing all the pressure, ready to reach new highs with bitcoin
$MARA Trade update$MARA Trade update
MARA averaged down today… new average 25.62
New sell target 37.35 for 45.78%
All targets on the right are open buy orders in case of a further sell off (In fact I would love all targets to the downside to fill)
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Hand in hand with BTCSame as BTC, one more flash crash then lambo ;)
Both traditional TA and EW points to the same conclusion.
RSI oversold on the local low, needs to be taken out.
Hoping to see C leg truncated which will (would) be a bull sign.
MARA: Further Downside Ahead? Marathon Digital Holdings - Short Term - We look to Sell at 33.35 (stop at 38.33)
We look to sell rallies. Previous support, now becomes resistance at 32.00. 20 1day EMA is at 34.00. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 21.26 and 19.75
Resistance: 32.00 / 40.00 / 50.00
Support: 25.00 / 20.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
MARA is a no brainer if bullish on BitcoinThis is not an unknown concept that the miner stocks follow in relationship with BTC.
If you believe BTC will test ATH levels again than MARA will also.
Good Luck
MARA, 6 Jan: Almost a Buy.MARA has lost -65% since November. Let’s take a look if we can pick up the stock from the bottom.
Elliott:
The count suggests that a 5-wave move is about to complete. This can be interpreted as wave C of a larger degree.
Geometry:
If the pitchfork is drawn correctly, we may have a potential support at the lower boundary. The 4th extension of the upward facing channel is a bit lower at 25, which is the same level as the 78.6% retracement.
Oscillators:
The Stochastic is oversold and due to move up. The RSI shows a bullish divergence.
Correlations:
For MARA to move up, we need:
Bitcoin to bottom out and start a new bullish sequence.
DXY to not break the current resistance and drop lower.
How to trade it:
The idea is to test long positions as MARA approaches the potential supports, and build further long exposure when price makes a higher high that breaks the downward trend. It is possible to trade RIOT for diversification. The idea is invalidated if Bitcoin shows no signs of recovery.
New Position $MARA Target 41.91 for 33.13%New Position $MARA Target 41.91 for 33.13%
Or Double position at 21.05 (I have Feb 4 puts sold to double my position if it goes down further)
——————
I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
——————
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Crypto Miners P/B -ratios with BTC priceP/B ratios for the main public crypto mining companies wit BTC price movements.
Mara Shortterm pump INCOMING or not ?Reason behind being bullish on MARA for short term is because of BTC being bullish for short term that you can check here :-
PLEASE NOTE :- After that ABOVE Idea and Right now BTC is at 48.8k while posting this idea and BTC should stay Bullish in order for this IDEA for MARA to work.
Furthermore, why mara is looking Bullish ?
1) Mara is at strong support zone :-
2) Mara is making a falling wedge and bounced strongly from support zone :-
3) Significant Bullish divergence on daily chart as you can see and thus we can expect a bounce from here :-
What targets you would say ?
Here is your answer for that :-
First target price is around 40 then 47, and then if BTC Stays bullish and MARA can get above 47 then only 53.
These are my MARA short term targets and i would try to update this idea as it progress.
WHOLE IDEA will be invalidated if BTC goes down under 47 or especially under 46.5k.
BTC SHOULD REMAIN BULLISH for MARA to Pump otherwise.
Therefore I will be putting my Stop Loss here just under 31.37 :-
If you guys appreciate this educational post then please do support it using Like button and Trade Safely.
Buy MARA 27/12/2021You can buy MARA target 53.48 stop loss 30
Money management your responsibility.
I recommend entering a maximum of 10% of the portfolio.
Good luck
$MARA | Watchlist #3 | 12/27 - 12/31 MARA +39
(Over 39 for calls)
or 38 bounce
(Bounce on 38 level for calls)
News Catalyst: "Marathon Digital to Expand Hashrate by 600% With Record Purchase of Bitcoin Miners" -
www.coindesk.com
Marathon Digital $MARA measured against the VIXThe favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of CRYPTOCAP:BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report.
What's interesting here is how tightly it follows the VIX . For the purpose of emphasis on this, the VIX chart at the top is inverted .
At the moment a falling wedge is forming, if the VIX stays at this level, MARA should work its way back to 0.382 fib level and look to retest the resistance level.
Merry Christmas and a Happy New Year!
🎄🎅🎄
MARALONG-TERM: Daily hidden bullish divergence developing, 4hr classic bullish divergence, wedge breakout, bounce off historical trend line. (not financial advice)
MARA to $40Mara is basing in a weekly demand zone and forming a potential 2d - 2u (#theStrat). Could potentially see $36 then $40.
The MARA Pullback Is In MARA put a 5 wave move from September to November then completed an ABC correction that spanned 38 days and is now ready for the next leg up.
Confluence
- Sitting on a 4x proven support line
- Doji signaling reversal
- RSI = oversold
Entry
- RIght now or upon the upward cross of the 8-day EMA
Target
- $52.29 in 32 days
- All-time highs by June 2022
