$MARA #MARA take off to $3.50Bitcoin has risen more than 7% over the last week. Smashing $10,400 Monday.
As many expect stimulus package will arrive August and as D.C treats bitcoin as "money"
Many crypto traders in the United States say their next $1,200 stimulus payment will go ‘straight into Bitcoin.’
We'll see a clear breakout of $MARA as it has broken $1.39 resistance.
Its still startlingly clear that things with no debt - gold and Bitcoin (and most tech), trade incredibly well and anything private-sector debt-related such as banks or BBB equities trade like dogshit....fascinating market.
MARA
XAUUSD (GOLD)- 2 High Probability Set UpsAwaiting break and retest of either side.
Bullish trade Idea
1. Wait for an impulsive break of 1740
2. Wait for price to retest 1740 region - ideally with a bull flag
3. Enter trade with a take profit of atleast 1780. Ideal target 1800
Bearish trade idea
1. Wait for an impulsive break of 1660
2. Wait for price to retest 1660 region - ideally with a bear flag
3. Enter trade with a take profit of atleast 1580.
MARA - Update - Waiting to Pop or BreakdownNote - MARA is speculative, not based on earnings or fundamentals, and has high volatility.
MARA made a decent pop just like we anticipated.
Currently forming a Bull Flag on Daily.
RSI trend confirms there is room left to run to price target of $1.75.
Exit trade
At RSI 70 or higher.
At price of $1.75 or trade at your own risk.
While it would have been a good idea to exit the trade, I feel this trade is not finished.
My MARA Calls are cheap and expire 12/20. Stock is ridiculously cheap, but you need to hodl until BTC peaks for offloading.
We should have another entry for the big upcoming pop sometime in 2020.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
MARA - Update - Following BTC Accumulation MARA is highly correlated to spikes in BTC price. Options are cheap and so is stock.
WARNING - This stock is known to have 30%-100% gains in under a week and then massive selloff. Need to watch carefully.
I have purchased stock and options in the current zone during the last dip October. I am neutral biased for movement (but long Calls and stock).
If it turns down, risk is limited with smaller investment and I can jump ship.
Risk - 1
Reward - Almost 4
If it turns down, risk is limited with smaller investment.
Previous trendline from Nov. 5th needed to be dropped with recent minor BTC re-accumulation pattern.
Very interesting how the main wedge (bottom line 4 years, top line 6+ years) lines up about 1 month before BTC halving.
When BTC goes through halving, I am betting that price for both BTC and MARA should see a increase.
Please trade carefully here and use limited risk.
If MARA gets active, you can always PM me here for a chart update.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
MARA - Flashing BUY Signal on DailyMARA finally flashed a BUY for today's Daily candle.
The downward trend reached the bottom wedge line and turned like it should.
All indicators are turning Bullish.
Trade this stock carefully. It gives great returns in short time, but goes down quick. Timing is everything here.
If you get up 50%, 100%, then get out. Otherwise, you are risking giving back profits.
MARA follows spikes in BTC prices. If BTC price spikes, I suggest looking to take profits or see if BTC move will be extended for further MARA gains.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, VIXY and short SPY.
$MAR Marriott Int Bullish Reversal Short term price target $140
Very bullish reversal after initial selloff post earnings.
Company profile
Marriott International, Inc. engages in the operation and franchise of hotel, residential, and timeshare properties. It operates through the following business segments: North American Full-Service; North American Limited-Service; Asia Pacific; and Other International. The North American Full-Service segment includes luxury and premium brands located in the U.S. and Canada. The North American Limited-Service segment comprises select brands located in the U.S. and Canada. The Asia Pacific segment focuses in all brand tiers in Asia Pacific region. The company was founded by J. Wiliard Marriot and Alice Sheets Marriott in 1927 and is headquartered in Bethesda, MD.
MARA - From Outter SpaceSee below for 1st Chart in this series (Close Up View).
MARA ( Marathon Patent Group ) mirrors bitcoin price runs. Options or stock are cheap and profitable if timed correctly.
I see this going to $2.50+. It will be quick and short lived.
Last run up there were two entries to gain 50% and another 60% after first peak decline.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not an advisor.
Disclosure - I am long MARA, GBTC , BTCUSD , GDX , VIXY and short SPY .
2nd Chart from First Post Today -