Marathon Digital Analysis 09.12.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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MARA
ANY Sphere 3D Hashrate computing power !!Sphere 3D Corp. (ANY) deal for rights to bitcoin mining agreements of 60,000 new bitcoin mining machines for a total of 5.7 Exahash of computing power.
Marathon is on-track to deploying 103,120 miners which will provide a combined output of 10.37 ExaHash, resulting in an estimated 50-60 BTC per day.
MARA Market Cap 5.036Bil vs ANY Market Cap 254Mil
MARA 10.37 ExaHash vs ANY 5.7 Exahash
Based on the fundamentals above, see 10X upside potential for ANY from here!
My price target is 7usd by the end of the year and 12usd by the end of february.
ONCS - WEEKLY CHART DOUBLE BOTTOM? IS IT POSSIBLE? WILD.All,
I mean you can't tell me this isnt a textbook double bottom if this was on 5M its a buy. Crazy on a weekly chart. Would be a huge long position and wouild have to hold. Interesting. If this bottom holds here might actually buy and hold some just to see if we can get a 3-4 PT hit.
MARA! Swing Is breaking resistance on consolidation.
Great Risk And Reward. I am getting some Feb Calls!
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This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
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MARA! Swing Getting a great support.
RISK AND REWARD is great as well.
If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio.
Subscribe and don’t miss OUT the next research.
Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
MARA - Retesting BreakoutBulls have been in control since May 2020.. Some see a H&S, I see a re-test of breakout.. We do have a shooting star on the monthly which is bearish bitcoin has been consolidating for months and expecting a breakout any day.
TP $100+ by mid-Feb. If bitcoin stalls, then RIP MARA. GL
mara short swing ~previously we swung mara from around $20 --> $70 via:
it came down pretty impulsively after poking our target, and there has been no signs of bullish divergence or anything of this nature (thus far).
i think it's going to drop lower.
shorting it right here for this potential sub-wave 5th swing.
MARA update on weeklyLarge drop has happened and we are digesting sideways a little bit. Scenario #1 The question will be does the weekly candle close above the $51 - $53 area and we sit here for a week or so before we continue to build back up.
Scenario #2 we get more flush out because leverage is still high and BTC takes the crypto market down towards $43k for a higher low. Those levels for MARA would be the yellow arrows and would likely happen quick.
Leaning towards #1 being a higher probability due to historic test to 2017
NEW POSITION $MARA @ 55.31 —Looking for 30.05%NEW POSITION $MARA @ 55.31 —Looking for 30.05%
Ok, so I do think that MARA could pull back a little more but I started a 1% position here…
Sell target 71.93
Or
Double Target 38.69
And honestly, I'm kind of secretly hoping it pulls all the way back to 38 - it certainly has the volatility to do so...
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RIOTFor whatever reason Riot is a lagger compared to MARA. On Friday closing near resistance this could move heavily to the upside and even break highs in mid December. Seems likely to be .. could be even a 100% gainer from here!
Hope you guys are having a good weekend and find these charts before the start of the new week!
Will post some more following this one, had to get this one out.
Buy ITM calls for two months out.
MARA : POST TRADE ANALYSISGood high handle type entry.
What would have kept me in this trade?
We don't always make perfect decisions. If trading was a perfect science, there would be no opportunity. I post this analysis to show where the "doer of deeds could have done differently".
One sticking to my original stop and trailing the 10 day.
Perhaps, waiting to see if it cut the prior day low before exiting for just allowing the rest of the trade to ride isince I was already in profit.
Or, moving the stop to just below the candle of the gap?
The main reason I sold the final position was due to upcoming earnings report. It's apparent that stocks can suffer damage so it is important to always know the earnings date, before purchasing a stock. The pull-back was intense and could have been a lot worse, but I had an 11.9% cushion which was borderline for holding through an earnings report.
It hasn't closed below the 10 day. Holding final position could have been successful but we never know if our stock might gap down 30% on a report.
The results of the trade : 11.9% 1.87R
EDUCATIONAL AND NOT MEANT AS TRADING ADVICE.
$riot looking better everyday riot has broken out of its downtrend from March and tested resistance at the .382 fib level or $43.25 I believe this will test it again in the near future and breakthrough near earnings or the day after on the 15th and rocket up to the .618 $57.09. I have gotten a position in at $27 and will buy a bigger position of calls expiring next week.