MARA
RIOT Swing Trade 5/27/2021Look at day chart and week chart, consolidation on the 200 SMA for the day chart and major break out above 9 SMA. Bearish doji and morning star on week chart, also a break in the 27.50 resistance. Price is going to be heavily based on the price of BTC. BTC broke 9 SMA on the daily and nearing break on the 200 SMA, with a MACD flip and a RSI coming back from 30. Double bottom on BTC with higher lows, broke 40k resistance. Great trade! This is not financial advice, I am not advocating the buying or selling of RIOT stock.
$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.
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.
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 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.
SOS Update 5/9/2021 "DIVERGANCE"Hello, it's been a while. Due to all the crypto craze during all of April, now rolling into May and the summer time, I wanted to give SOS a chance react.
With SOS earnings in sight, it pleases me to know there's opportunity at such a low price. The 3 month trend as seen above is a classic example of a bullish divergence. A bullish divergence can be easily described as a technical indicator where the price-action of an asset makes lower low's during a downtrend, and the technical indicator I am using MACD is making higher low's despite the stock's price action + volume is decreasing therefore consolidating. This behavior represents support.
This is not guaranteed but when a divergence indicator is identified, there are good odds that we'll see a reversal. I'm just curious how much SOS has been making by mining Ethereum, that's all.
(((Trade and invest with caution, and practice risk management always)))
As always, I will continue to observe SOS daily. Follow for updates.
MARA Continues to Trade in ChannelMARA is one of the largest crypto mining companies in the US. According to bitcointreasuries, Mara curreently has 5,263 worth only $300,057,928. It's 3.7B market cap is largely attribute to the future earnings from mining. For this reason, the price of bitcoin is the biggest factor for this company's price action.
There are a few setups for MARA. Price could either breakout from this channel or continue trading in this range. When Bitcoin gains momumtum in the coming months, the breakout scenrio is very possible. Also, keep an eye on the support level at 29.00 & 24.00/ These levels could be a great buying opportunity assuming that Bitcoin's price continues to go up.
This looks like a decent area to go longIts following this trendline to an extent more than its created volume zones and resistance levels. Sure it plays along with BTC movement some because they are a miner but as long as it continues to follow the trendline its not too horrible of an idea to go long when it gets close to it. Give yourself a couple weeks of time on your trades though, no 1 week expiration calls if you know what I mean. Because it has breached this trendline a couple of times, they were short lived but anything can happen.
CRYPTO/STOCKS - $MARA - EW ForecastModel Forecast for Marathon Digital Holdings:
- Bearish LLR.
- Bearish to PT: 37.
- With tight stop-loss, Good RRR trade possible. 7+ RRR.
- Highly volatile, yet range-bound due to leading instruments. Risk Defined.
- High IV, good candidate for net Credit.
- Likely will continue decline... To update.
GLHF
- DPT
Keep an eye on MARAI've been playing MARA as a swing for the past couple of weeks, and as far as I can tell, it has essentially been a leveraged BTC play.
Does anyone know what's going on?
My guess is that the guys swing trading this like me, sold off in order to get in on CoinBase IPO...
I believe it will bounce.
I wonder what the price will be if BTC goes below 60 - which I think it will...
Let me know, I wanna get back into this but am worried that it will go down to $39 resistance.
Personally, I will buy at $40.5, then again if it keeps crashing. However, I will also get back in this at $48 should it break out.
*Not a financial advisor.
**Don't judge me on my winners. Judge me on my losers, because there are so few.