MARA trade ideas
Butterfly Pattern in $MARA, $BTC recovers and this will take offHi guys I took $MARA long on this Butterfly, I hope it prints $$ :)
Trigger, Stop, Take Profits all listed on chart. Trying to learn one pattern at a time, w Butterfly. My mentor wants me to start hardest to easiest, Lightning, 2/618 and structures we are working on in the background. I hope to share some charts of value, thanks:)
$MARA looks like we have more down possibleUsing ichimoku, and the fact of the recent BTCUSD downward movement, we have more room to go down, and looks like we could probably touch $14 range before something happens. Volatility is always a big deal with MARA, and though I have a long position in MARA, I won't do anything until it touches $14 area and confirms a bounce back. This is just my own analysis and in no way financial advise. Short term short, before highlighted is met.
Very bearishPeople will buy the dip and stock will rise short term, however, long term this is looking extremely bearish.
Will MARA be a buy at $13-14? I've been watching RIOT and MARA fall epically down the last month from their amazing highs.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
BTC COIN MARA , CORELATED AND BOTTOMED OUTAnd it is no coincidence. The CRYPTO Bulls are lose!! Prepare yourselves.
$MARA overnight short.I noticed that NASDAQ:MARA have been showing sign of a sideway/downside condition. Shorted it last week and today I shorted it again with a 20$ Put expire 5/14.
MARA - The end of a downtrend RSI shows bullish divergence, you can see higher lows on the RSI while MARA makes lower lows. This is confirmed with a break in the downward trendline.
The ADX just crossed into bullish territory.
Buy some calls now while they are cheap!
MARA Call option using RSI, Support, and ResistanceI placed a call order with an expiration of may 21st (5/21) at 3:59pm est (right before market close)
RSI shows that its currently being oversold
I suggest getting in when you can
you can get in right now but only by buying shared because you aren't allowed to purchase options after hours
you have until 6pm est to buy a few shares on Robinhood.
lets hope for the best
2 possible escenario for MARA Im giving this idea based in what btc price can do in short therm (next 1-2 months).
First Put option on MARA. Today i decided to put my first put option on MARA as bitcoin seems to be going through a correction. The Elon Musk news definitely is pushing the price of bitcoin down, and the daily chart on MARA is looking bearish for the short term. Look how it broke support and the MACD is in the red right now wanting to widen more. If you look closely you can kind of see the head and shoulders pattern which is bearish and the RSI is heading down into the oversold territory. I see this going down into the 15 dollar range maybe even lower like 13. Besides all this i am still bullish on bitcoin and the bitcoin miners. But for now i am bearish short term.
MARA $MARAMiner has been taking a beating after accelerated rise in price. When this happens, what goes up , must come down. Yesterdays head and shoulders has not completed it measured move to 14.00
MARA in Bottom of Yearly Channel - Watch for Sharks!Goldman Sachs longtime exec Aziz McMahon, who had worked for investment bank Goldman Sachs as a managing director and head of emerging market sales for 14 years, made about a million in BTC, ETH, LTC, and Dogecoin. Aziz quit his job at the company earlier in the week, a decision he had made after cashing in his Dogecoin investments. It’s unclear how much the ex-Goldman employee made from the crypto, but people familiar with the matter believe it’s a significant amount, most likely counted in the millions.
Well, it was ALMOST me that turned my few pennies into a million this year, but incredible negativity due to COVID-19.
May you all get vaccinated.
stockinvest.us
MARA has reached the bottom of the 12 month channel.
Can it rise back up to its 100 EMA of 31?
Or will it break the ascending channel, which has held strong for many months, and tumble back down to $10, or even $2?
Other sites say it has a new price target of $95 and a 90% chance of reaching $52 within 12 months.
What do you think? Anyone want to help finish my new bot?
MARA fib levelsMARA reached the 0.382 support level yesterday.
IF BTC drops again, the next support will be found at 0.236 ($14.40 area).
MARA's investors all purchased at $20 earlier this year. This company has received more miners and advanced since then and has produced on their commitments and has demonstrated confidence.
MARA has been shorted pretty fiercely over the last few weeks - perhaps so the institutions could kick everyone out and they could buy it near the '$20 investor' area.
$MARA back testing IHS necklineThe IHS went parabolic and set us to ATH.. Here are we back testing the neckline
MARA Testing Critical Support LevelPrice continues to sell-off! We're now down 60% since the all-time high in April. Let's see if price can hold this support level at 24.00 per share. Price is facing significant risk of breaking below level if bitcoin sells off. On the other hand, this could also be the intermediate bottom forming. It's really hard to say which scneraio will play out, but this stock is defiantly worth keeping an eye on.
After Morning Sell-Off to $22, Good buy in at $23, sell at $26MARA rocketed down last night frighteningly for many investors and BTC did a plummet as well.
This morning, I eyed a great opportunity to buy in around $22 in the pre-market trading on WeBull. I just love the oversold and overbought indicator functions!
You can see the trade analysis much better in a smaller timeframe, but TradingView only allows 15 minutes or more time frame for public ideas. I've set up our Fibonacci levels as guidelines for when to buy and sell.
As predicted, it started to regain its losses to $23, to the projected target of $25-26. It is currently overbought in a shorter time frame at $26, and may go down further tomorrow. More losses are predicted, but not necessarily going to happen. We will see. Watch the trendlines! Watch the 55-56k level for Bitcoin!
Hoping for another great trading day tomorrow!
Best of luck, always do your own research!
Resources:
walletinvestor.com
app.webull.com
MARA Just because $MARA bought more bitcoin doesn't make it a profitable business Here is your head and Shoulders to 23.66
$MARA is setting higher lows but MACD is setting lower lows$MARA with the hidden bullish divergence on the daily chart. #Bitcoin is really starting to pick things up. Lets not forget $MARA will report earnings soon. I don’t see why tomorrow can’t be start of the reversal
$MARA TIGHT CONSLIDATION 38/32 IF BREAKOUT THEN +/-20% TO 48/24$MARA Consolidated for 8 days within range 38 to 32 if breakout then possible to see 20% - upper side target near 48-47 - lower drop then previous bottom near or above 24 . Indicators in favor of bullish move but candles are bearish.. high volatility!
Massive Bounce coming for Riot and Mara - Record EarningsRiot and Mara are trading way below fundamentals today, and this is an incredible bargain as both companies are set to post record earnings soon. Bitcoin is surging today as well over 58,500 and set to make a run for brand new all time highs. Seize on this massive opportunity today and rake it in for the next two weeks. Cheers everyone and I hope you and your families are eating well.
