Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down.
Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle.
With bit coin holding 30,000 level.
We could see it retest and/or reclaim $20 soon.
Trade Responsible,
#TradeTheWave 🏄🏽♂️🌊
M44 trade ideas
Mara Finding A Bottom. Demand Zone. Mara is finding it's bottom and a pivot point that decide its short term fate. Still trading in the wedge it's in close resemblance to Bitcoin.
The drop from the run up was expected not all stocks go straight up I still think MARA is in a great position for a run up.
$MARA - Breakout from a Double Bottom Reversal Pattern1. A 16 month downtrend.
2. Last month the price broker out and closed above the 10 EMA (M), after these 16 months, with an above-average-sized bullish candle.
3. During the current period the bulls remain in control, at the time of editing, and should the price close as is or similar, then the following things are confirmed:
3.1. A 15 period high close.
3.2. A new higher high - new market structure.
3.3. A fresh uptrending market.
3.4. A breakout from a prominent double bottom pattern.
4. The trend is your friend. An uptrend is about to be confirmed, the bias will be to look for long opportunities close to value areas.
5. The breakout from the double bottom pattern can be the trigger we are looking for.
6. Take profit in the demand area delimited in the chart, stop loss roughly 2 ATRs below the entry.
7. Alternatively, remember that trends are powerful. How about trailing the trend? Close long only after a closure below the 10 EMA (M).
Most importantly remember that none of these lines and ideas matter if you don't manage risk properly. Diversify, use fractional and small positions, use stop losses, ...
Cheers,
Tenacious Tribe - Quantified Trading Strategies
MARA and Bitcoin Hand In HandMara Holdings, also known as Marathon Digital Holdings, is a digital asset technology company that focuses on cryptocurrency mining operations.
Obviously if bitcoin does well so does mara.
We've now entered a falling wedge where both are trading in. Looking for an upside break to the next leg once its confirmed.
Trade Responsible
#TradeTheWave
[Watch] MARA versus Bitcoin 5️⃣5️⃣| Year to date 439%Year to date ⤴️439%
What's going on, Team NASDAQ:MARA
We are not entering the "Catch-up" phase; FOMO is far away.
They called me a loser, and they laughed at this idea.
Guess what...? NO one is laughing now.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining
BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
#MARA Straddle! Notional value -1.7M$Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order.
With us can find new opportunities every day.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
Mara Been on a roll here. Has a large channel here as it’s reaching some potential rising reistance. Howverr if we can pop 16$ and hold as new support in coming days, this has a lot of room to the upside. I took a postion at 1385 but I’m thinking this could be seeing 19-22$ soon but needs to confirm above 16-16.20 to truely be ready. Let’s see how this plays out.
MARA Reversal Time? Ive had my eyes on BTC for quite a while, and the recent dump will give us an idea of where the trend is heading. After a dreadful and painful 95% dump, I think its time we see the largest bitcoin miner in the world start creeping back as we close in on the FED Pivot.
The yellow lines are my golden pocket fib retracement, for this idea to be valid we will need to see a reaction of support around that level.
Only time will tell ..
My trading price target for MARA is $15.I'm sharing a technical note from Market Edge:
"The stock has outperformed the market over the last50 trading days when compared to the S&P500. The MACD-LT, an intermediate term trend indicator, is bearish at this time. MARA's chart formation is showing signs of reversing its recent trend. If the stock closes below $8.23 a change in trend will be confirmed. Upside momentum, as measured by the 9-dayRSI indicator, remains positive. Over the last50 trading sessions, there has been more volume on down days than on up days, indicating that MARA is under distribution, which is a bearish condition. The stock is trading above a rising 50-day moving average. If MARA falls below this important support level it could trigger additional selling pressure. MARA is holding above a declining 200-day moving average.
[Watch] MARA versus Bitcoin 5️⃣4️⃣| Year to date 287,15%; RSI 50Year to date ⤴️287,15%
What's going on, Team NASDAQ:MARA
New Month, New Opportunities, New Ideas, New beautiful people to meet...!
Summer 2023 starts now.
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BITSTAMP:BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
[Watch] MARA versus Bitcoin 5️⃣3️⃣| Year to date 267,60%Year to date ⤴️267,60%
What's going on Team NASDAQ:MARA
Yes, I am back, baby...!
Avoid margins, and do not ask for money to buy your shares.
Let's all be better, get a 2nd job and save money so you can invest in this opportunity.
I know there are other mining companies in the US, still Marathon Digital Holdings is my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BITSTAMP:BTCUSD
Let's congratulate the new Pine Wizards Tradingview in 2023.
They have many great tools to enhance your trading and maximize every opportunity.
Let me share the link with you:
www.tradingview.com
Until my next video...
Above All and All-in-All, God Bless America :)
J.R. Jaén
Risk Disclaimer:
1️⃣Past Performance is not indicative of any future performance.
2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything.
3️⃣I can and will have a position in MARA anytime because I like the stock and company.
4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.