MARA trade ideas
MARA Bullishe flag. MARA looks to be in the process of a bullish flag. RSI is heading back up, and MACD is bullish. Swing trade opportunity.
$MARA Brakeout ChartAs shown on the chart, My thought is it will brake out of this and tp close to $27 exit if drops
Still some dropping room before I reenter here. Easy options sold early this week on this play. I'm backing out for a couple of days to re-accumulate if this a bearish flip, that looks like it could happen. However, long term still very bullish awaiting earnings reports in March. A positive EPS could be huge for them here.
MARA, 21So folks, MARA hesitated but broke the 21 line. So in theory this is going to touch 28, after some consolidation perhaps.
Stock to watch: Marathon Patent Group Inc (NASDAQ: MARA)NASDAQ:MARA
An interesting stock to watch.
The asset is currently in an uptrend + the MACD Crossover indicator Long signal is still in progress.
Marked out the buying zone.
Further targets are 40.12 , 87.04 , 153,12 and towards the all-time high .
Invalidation: closing below previous consolidation's low at around 9,62.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
MARA, be ready at 28Good day folks.
So situation has evolved since yesterday. This is my older chart again , I use it to see whats up for the next 2 months IMHO.
In the ideal world if BITCOIN continues to climb without a major selloff, Mara at the current capacity, could go to 28, but it must consolidate itself above 20, if so, within a week it would touche 28 if the situation is GREAT.
And I see a potential pullback right now but I hope not.
I was going to add up MARA at 10, but I am not...
i gott riot but missed MARA, wow! next time.great break of a trend channel, long here if it holds, but imo bitcoin will have a much needed pullback after a little bit more upside in the short term, remember people eventually take profits! even on something like bitcoin.
Shorting the short term top of bitcoin surge?RVOL -3.3 (OK)
AVOL (90) - 29 (OK)
ATR - 2.6(OK)
Short interest -17%
Driven by the bitcoin surge, this miner stock expanded away from the average. I am looking for a potential reversal, around 28.5, 29, or 30s. Looking at level 2 is critical to catch the moment when the sellers enter the market but also look at the confirmation in the bitcoin itself. If BTC continues to push up, I would not short any bitcoin stock. The pullback may be significant (15-30%) so RR with 2-3 reentries may make sense. Keep stops tight, as this one is a runner. Also, check the locate costs to make sure it is worth it. Targets would be previous inflection points.
almost getting ready to sell offBTC way high. Near term i see sell off in BTC. This has to melt down lit bit here. At least to 20 level
iS IT A BUY...posible entry pointWe are reaching a support in the channel, keep an eye on bitcoin at its 40k bottom area.
We may have a great entry point..stop loss super tight.
MARA --- retracing point.... FIB CHART 618MARA will stall at some point...as it has run up too much.
FIB eventually RETRACES to 618 levels or to CLOSE A GAP that was seen earlier....
at that time it will also be near the 50 MA
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
KEY: 50-day moving average
Stock price above the 50-day moving average is considered bullish. Stock price below 50-day moving average is considered bearish. If the price meets the 50 day SMA as support and bounces upwards, you should think long. Stock price meets the 50-day SMA as resistance and bounces downwards, you should think short.
$MARA$MARA - tricky coz it follows BTC. Data shows a $4 Fluctuation during accumulation ($20- 24). If it continues to go down, the it could touch $19.67 and $16.77
Ride the wave with bullish Bitcoin in 2021If you aren't invested in Bitcoin yet for any reason and wants to be part of it, this Bitcoin mining stock is at a discounted price now with support at $10.
Try to buy in below $11.50. This stock could rise to $15 in a week or two, then feel free to take some profit and leave the remaining for the long term.
Sometimes it's this easy. Marathon Patent Group (MARA) LongMarathon Patent Group (MARA) has invested over 200 million dollars in bitcoin miners. At a price of $28,000, they would profit $523 million anually. Sometimes it is this easy. Long it huge.
TRADING CRYPTO STOCKSThe great thign about all of this crypto stocks is that they follow bitcoin..DAHHH!
The simple chart ilustrates it
1 itis imperative that you keep a pulse on bitcoin and the stock share Dilution not to be trading against the wave. As there has been and will be regular offerings....
2 Profit taking its mean here and stop loss cascades are common.
3 Always be aware of the bitcoin support and resistance levels as well as time waves.
4 Be on the lookout for institutional buying and selling and follow their cicles.
5 Be ready to react imediatly to divergence arising from bitcoin and the market in which the stock trades.
6 BEGINERS DONT SHORT!!
Good Luck!
$MARA 150 dollars a share by end of year? #BullishAFI have been following Marathon Patent group since it was 1.8 a share a few months back. They have been doing great with PR, and company future outlook. If you have been following the bitcoin mining industry then you know that Mara has struggled while $btbt and $riot have been able to climb to higher market caps.. The reason that these other companies have gone up is because they have a higher hash rate than mara's(232ph/s), which allows their miners to solve code and mine faster, Apparently $btbt has a has rate of 2,000+ Ph/s. I don't really believe them. China is known to lie about financials and if you go on their website its all around sketch. I haven't done much research into $btbt but I do know that they used to be a Chinese car rental company. It seems sketch to me, I am not interested in $btbt at all. How does a Chinese car rental company have a higher hash rate than mara who has been mining bitcoin for over 4 years. Riot block chain is a legit company but their hash rate is 456Ph/s and they have not updated their website since before November. The whole time I've been watching mara I've seen tons of deals and news drop while riot block chain has not been doing anything really. Apparently Riot block chain is going to have a hash rate of 2.3 Eh/s by May 2021. This is nothing. Mara is expecting 103 thousand Bitmain miners to collectively be shipped and set up by the end of 2021, when this is done mara should have the highest hash rate in the industry by a landslide(10.5Eh/s). If bitcoin keeps running I'm expecting mara to continue going up.I am bullish on bitcoin, I think it will keep going up exactly like tesla has been. 100k price target. As of this moment, bitcoin is going up to all time highs at 37k. Mara will be climbing tomorrow. I am expecting it to hit the Fibonacci retracement level at 19.75. then pull back down to the previous level at 17.59, then continue up towards 26.01 after. Take profit at 19.75 then let it pull back to 17.59 and buy back in.
One thing that I would note is that Bit main owns 80% of the bitcoin mining industry. Unfortunately they are not publicly traded but they have filed for an ipo. Bitmain sells bit miners to all of these mining companies. I will link the article I read on them underneath.
(i)nvestopedia.com/news/crypto-mining-giant-bitmain-going-public-4050-billion-valuation/
Thanks,
Benjamin
MARA: Bullish Flag, awaiting confirmationBullish Flag, awaiting confirmation
Pros:
Descending volume during formation
Volume during break out
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
Golden cross circled in blue
R/R ratio above 3, low
250RSI above 50
200MA ascending
If confirmed:
PT = 22,46$
MARA hit my 4.6 fib and reversed. Expecting consolidation.Maybe a bull flag or something before continuing upward? Not advice. trade safely.
MARA - Significant Level Here - Watch for reactionMARA - Significant Level Here - Watch for reaction
I hodl shares from 2.27, shaved 20% off at 12.05 to lock in gains. Playing options as well. Just sold 19MAR21 20 @3.20/ BOT 15JAN 21 7 P @.05. Will keep playing add/subtract for the foreseeable future.
MARA @.786fib. Mid regression channel meets top of downtrend.
Looking for 16 - 17 if it can break up and out.
BTC set up as well. Trying to Run.
______________________________________________________________________________________________________________________
This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
MARA seems to be consolidating. MARA seems to be trading sideways for now. MACD looks bullish. Staying long on bitcoin miners.
