M44 trade ideas
MARA BROKE CRITICAL LEVELMARA broke and retested the resistance level for an intra-month rising wedge which is a bearish signal. Unless we see Bitcoin bounce at these levels (which is unlikely) MARA can easily head down to $35, a previously strong level. At that point we can expect to see a bounce with buyers taking control again. Long term I can see both MARA and RIOT breaking $100 this year but short term things are a little more choppy.
MARA Marathon Digital Holdings $70 option callsInvestors in Marathon Digital Holdings, Inc. MARA need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 16, 2021 $70.00 Call had some of the highest implied volatility of all equity options today. (zacks.com)
The indicators are still looking bullish on the daily, despite today`s correction.
So is MARA a still a buy???
Market Cap 3.879B
I am looking forward for your opinion to make a decision myself.
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MARA A Smile to 54.00 as 36.50 retest/supportNot financial advice.
MARA is knocking out a new resistance level weekly.
Keep buying the dips.
Long term hold.
Refer to previous chart in notes.
Just in case we have daily close below 43.00
Then the test my gangsta chart still be in play.
Look for 38.50 as new support to hold.
32.00 was previous support to hold and it seemed it did.
Bitcoin is basically trading in a sideways pattern.
So that may cause Mara and the other crypto related stocks to go down this week or maybe gain ground
Against bitcoin.
Still 54.00 seems reasonable as long it stay above 43.00 but smiley face can form around 36.50-38.50 range.
May start that pattern once it retests 50.00 or even 54.00.
Fyi. Those lines in the chart starts at 125.00 range so that means we are slowly creating news areas of support.
Was 26.00 then 32.00 now 36.50
So long term is still right on track for 350
<TradeVSA> MARA - Pullback Completed with No Supply SignalSign of Strength in the chart:
1. Mark-up stage with Pullback
2. Double NS signal at support
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
MARA interesting price actionLooking at the technicals here. MARA is having a nice consolidation period with low volume and sellers drying up, with the overall market downtrend condition right now with high bond yields. MARA has very impressive price action and is one of the only which still holds its place and not in a downtrend dive. A possible entry for me with nice volume confirmation would be at the breakout of the black and red lines for an all time high play. Seeing here also a double bottom which is a nice addition for confirmation with crpyto making higher highs during this period of time. But with the overall market condition its still somehow of a neutral, unless it outperforms the market.
MARA crypto miningnot sure if low is in yet similar to bitcoin. think this could be $100 + move in the larger degree
not financial advice
Mara head and shoulders Would appreciate some input. Dotted orange line is my neckline, but I don’t know what it is really. Next phase is riding the train down, and looking for a heavy red volume confirmation for the downtrend. This head is smaller than the shoulders and the neckline is tilted downwards, so it is truely a rare sight. The shapes line up, the prerequisites line up too and the decrease of volume of A to C and then E definitely confirm the warning of the pattern. I think the idea of a credit spread is a safe one, as mara’s movement is volatile and carries a healthy amount of risk
what's up with MARA and RIOT?The recent selling (this morning) of BIT is troublesome, few big wheals are selling at ATH and by the dip, again and again. therefore, logically speaking one can assume they will do it again.
In one of my older post in RIOT, I mentioned that I've observed that BIT miner stocks are losing steam when BIT hit ATH. One of my suggestion was that as the asking price for RIOT and MARA are now very expensive, people are moving to cheaper miner stocks.
Subsequently, all miners (RIOT,MARA, CNET, Sos, XNET, EBON, 9CITY, CANAN etc) have moved to "ATH", but followed by a rapid and substantial crash as we are so familiar with by now. This is was when Mara and RIOT drop to 17 (when BIT was at 42K), the most recent one was 28 for Mara.
Right now, I am waiting for BIT to get to 65k (not even 80K), as well as RIOT and MARA earnings. However, once again the same scenario could be repeating: sell high and buy low. So do expect MARA drop around the green line.
Nonetheless , as long as BIT is above 40k (and please correct me on that number), I think mining compagnies are/will make some good profits. Hence justifying their highly overvalued stock price.
I am in since 2.50 so I am ok with it. Not adding or withdrawing, just waiting; however folks out there with riskier price should beware of this... that's all I am saying.
Preparing to slideWhen Bitcoin becomes 10,000 dollars, you can buy MARA again for 3, 2, or 1$. You can also buy for 5$ and sell 10$ on descending trend.
Rise of MARAKeep an eye on MARA as it will most likely keep rising if bitcoin continues to go higher. (My opinion only)
MARA bullish W break, in my opinion the best btc mining companyConsiderably a strong day for MARA compared to BTC and other plays like RIOT. Today we saw a continuation of the W breakout, volume not as heavy as other times but we are still consolidating nicely before the next leg up! $MARA
MARA Test my Gangsta. 350+ End of year. I'm calling ItNot financial advice.
Please keep in mind that this price correlates heavily with Bitcoin price. Since it is a mining farm company for Bitcoin.
They have alot of stuff in the pipeline that tells me even 500 isn't out the question for this year.
They'll be alot of violent swings with this stock since the correlation to bitcoin is so heavily influenced.
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Soon to be cccllc
MARA $50 PTTaking a deeper dive into a MARA we see bullish divergence on the RSI. I like the uptrend its been fighting to hold. I also want to point out the consistency in the volume. We see more green candles than red, I do believe this will continue to move up with BTC reaching new all time highs.
$MARA breakout on the daily, with BTC at 60k expect fireworks.Excited to see this playout tomorrow. Don’t forget $MARA also has earnings earning this month so i can see this getting traction and picking up nicely.
MARA to test ATH of $48 with BTC at ATH$MARA and all other blockchain stocks on watch with BTC hitting new highs
Price: $40.70
Support: $40, $37.55
Resistance: $33.65, $48
Price Target: $48, $55, $60
$MARA - Correction Phase CompletedLooks like MARA completed its corrective phase and off to make another impulse wave (1). It tried to breakout recently forming an ascending triangle but ended up breaking down but quickly recovering breaking a key resistance at $42.22. Stimmys are out, BTC pumping ATH's, this is ready to make a next leg up. My PT is at least $45 by next week. Let me know what you think.
MARA could double in the near term. March 23 earnings reportSimple Analysis
MARA Earnings Report Q3 2020 -$0.05 (in relation to the BTC price)
Bitcoin up 400% since Q320 Report
MARA Q4 2020 Profitability +200%
MARA Q1 2021 Profitability +200%
They also HODL and Buy back Bitcoin with profits
BTC historical 60,000 milestone 62,000 ptsper BTC historical 60,000 milestone 62,000 pts
comparison of
$MARA
$RIOT $GBTC
$EBON $NCTY $CAN
MARA to 70+First PT - 49.92
Second PT - 56.97
Third PT - 77.31
This W pattern is very bullish. We'll be at all time high's by monday or tuesday, if BTC holds around 60k.
I'm in a MARA $45 4/16 call for 10.40. Expecting a 50% gain on this, or about $500.
