MARA - Shows Bitcoin bullish breakout coming
MARA - Marathon Patent Group - is a good proxy for BTCUSD and GBTC.
MARA operates bitcoin mining hardware and mirrors price action in bitcoin and GBTC (sometimes as a leading indicator).
During 2017 bullrun MARA was over $38. Current price is under $1.60.
The MARA chart shows that there is a bullish breakout coming from the falling wedge, which repeats in this chart.
The Fisher Transform just turned bullish indicating longer trend (bullish).
If last two pops were indicators for MARA, we may see a 20%+ increase in MARA and BTC / GBTC coming out of this falling wedge.
I am long Calls on MARA for December 20 2019. In April of 2020, I will start to average into Call Options for MARA at December 2020 expiry (when BTC bull run in full effect).
Some of these call options are $0.10 per contract or $10 to execute (CHEAP).
MARA operates bitcoin mining hardware and mirrors price action in bitcoin and GBTC (sometimes as a leading indicator).
During 2017 bullrun MARA was over $38. Current price is under $1.60.
The MARA chart shows that there is a bullish breakout coming from the falling wedge, which repeats in this chart.
The Fisher Transform just turned bullish indicating longer trend (bullish).
If last two pops were indicators for MARA, we may see a 20%+ increase in MARA and BTC / GBTC coming out of this falling wedge.
I am long Calls on MARA for December 20 2019. In April of 2020, I will start to average into Call Options for MARA at December 2020 expiry (when BTC bull run in full effect).
Some of these call options are $0.10 per contract or $10 to execute (CHEAP).
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