MARA trade ideas
$MARA #Bitcoin play the bitcoin wayA retest to their weekly pivot for an explosive early to mid Feb play...
The chart looks really good and would be really interesting to see how it plays
$MARA Needs some volumeLiking this setup, I entered on the arrow with the uptick in volume which has since faded. Nice profit so far but watching here looking for a fresh high. IV is really high for options so I'm in equities. If it gets a comfortable pad, may consider selling some weekly OTM calls to supplement the ride up and a bit of a hedge. This has some potential.
MARA Wave 5MARA currently in its wave 4 ABC correction and looks to tap the .236 retracement. Ideally, the price would come closer to the Daily Ichimoku cloud before entry. MARA follows Bitcoin very closely in price action and the run is not over yet. Price falling below $15.15 would need to adjust the Elliott Wave Count.
I'm feeling great about it!If it can break above $24.22, we should see a pretty nice break out. No, I don't have a price target. We have several things going for us.
One being that someone just pulled half a billion dollars worth of Bitcoin out of Coinbase and stored it on a cold storage device. That means the trading supply just went down, and the demand for BTC goes up. Just think, a week ago MARA bought 150 million in bitcoin. AND, they just bought a crap ton of mining equipment.
Second, Mike Saylor is hosting a conference with major institutions that should be available for free to the public after February 4th.
Ladies and gents, I hope you got in last week :D
$MARAEntry price : 11.89
Fundamentals :
- Sector: Software
- EPS % Chg (Last Qtr): 50%
- EPS % Chg (Previous Qtr): -44%
- 3 Year EPS Growth Rate: 0%
- EPS Est % Chg (Current Yr): 0%
- Sales % Chg (Last Qtr): 163%
- Sales % Chg (Previous Qtr): -19%
- 3-Year Sales Growth Rate: 42%
- Annual Pre -Tax Margin: -296.7%
Back to Show My Thought Process after being Wrong.The last post I had posted about a soon-to-be Bullish flip, but we took actually the opposite course of action and took a bearish flip into the MA Resistance. It seems we have matured a bit and have bounced off of our MA Resistances. We SHOULD (forward-thinking) be looking at our Moving Average Lines here and see plenty of support for at least upward movement into the next weeks.
I will be updating this post into next weeks with hopes we are done with our bearish run as of late. Bitcoin has sat on its throne at this point and shows that its value and use cases as a store of value at this point is too invaluable to get left in the dust. We haven't even begun the adoption of Bitcoin. When the WSB degens get a hold of Bitcoin and not $GME we will see $50k then $100k. With MARA just purchasing $150 million worth of Bitcoin we should see a very very good quarterly report and great news ahead.
Ethereum's gas fees as of late shows how the $ETH blockchain use cases can only be taken so far on the current market. Investors will begin to question why they are paying $100-$200 just to transfer tokens around on the ETH blockchain. I was a hardcore supporter of ETH as a secondary coin and still am, however, a model that shows the more transactions the higher the fee, just does not seem correct for ETH to grow its userbase. ETH2.0 will bring a whole new experience, and set of challenges.
Bitcoin is reigning as the King of Coins and store of value. MARA is the son of this Bitcoin project and has not caught up to the inflation of Bitcoins price. If MARA can show this early that they are able to turn a profit or at least get close, the whole market will be on watch not just the Bitcoin lovers.
$MARAThis stock is litle different than any other stocks, it's move is directly correlated with th moves of bitcoin which means if bitcoin goes up $MARA goes up and goes down if BTC goes down. If you guys have been watching the price movement of bitcoin you might notice BTC recently made a fakeout and closed below the trendline ( i will post the chart if i can), which implies $mara will make most likely make a bearish movement.
Riot vs mara - fundamentally or industry boom So I'm looking to get into bitcoin stocks
But i have a few questions
1) do both these companies have a fundamental connection to bitcoin or is it just that the industry is up ?
2) mara vs riot and why ! Thanks .
Correction pattern in MARA, watch for upward breakout!By looking at MARA chart you will soon notice the repeated pattern of correction (3times, 33%).
This is very usual in rapid bullish trends, and if you learn how to deal with that, it will change your game!
Yet this pattern repeated so many time in so many stocks, another good example could be PLUG, check my analysis when it was 15 dollars
IDEFK W/ MARASymmetrical triangles abound in my life recently, but I like to gamble so whatever. At least this time it's off a well defined support. $50 or revisiting $10 soon, depending on what BTC does really. In 213 @ $11.52 avg, so I'm just riding either way. Good luck out there!
Is this our sign of the end of MARA's pullback?Yesterday the press released that the company had purchased $150M in bitcoin after the crypto currency had fallen from record highs over $40M at a price of $31,167.79 per coin. I do believe that MARA's efforts to consider Microstratagy( MSTR ) and there forward-thinking company, who play a huge role as a predecessor in the industry, has served as a major confluence in regards to this decision. This being said, I highly doubt MARA would have pulled this trigger unless we are sure to see the stocks price gain from this point.
MARA trend channelYou have the FOMC meeting happening all week. Had news of a large BTC buy but the price went down. Ready for a reversal to the upside
Get Out and ShortGet out while you still can, there's an impending market crash I've been seeing since analyzing plenty of stocks. There are some stocks that will continue to rise in the short term but this isn't it. That said if you're holding long term, this is a stock that will give you great returns a year from now.
$MARAMarathon Patent Group, Inc. operates as a digital asset technology company that mines cryptocurrencies. The company was formerly known as American Strategic Minerals Corporation and changed its name to Marathon Patent Group, Inc. in February 2013. Marathon Patent Group, Inc. was founded in 2010 and is headquartered in Las Vegas, Nevada.
