$MARA overnight short.I noticed that NASDAQ:MARA have been showing sign of a sideway/downside condition. Shorted it last week and today I shorted it again with a 20$ Put expire 5/14.
1MARA trade ideas
MARA - The end of a downtrend RSI shows bullish divergence, you can see higher lows on the RSI while MARA makes lower lows. This is confirmed with a break in the downward trendline.
The ADX just crossed into bullish territory.
Buy some calls now while they are cheap!
MARA Call option using RSI, Support, and ResistanceI placed a call order with an expiration of may 21st (5/21) at 3:59pm est (right before market close)
RSI shows that its currently being oversold
I suggest getting in when you can
you can get in right now but only by buying shared because you aren't allowed to purchase options after hours
you have until 6pm est to buy a few shares on Robinhood.
lets hope for the best
2 possible escenario for MARA Im giving this idea based in what btc price can do in short therm (next 1-2 months).
First Put option on MARA. Today i decided to put my first put option on MARA as bitcoin seems to be going through a correction. The Elon Musk news definitely is pushing the price of bitcoin down, and the daily chart on MARA is looking bearish for the short term. Look how it broke support and the MACD is in the red right now wanting to widen more. If you look closely you can kind of see the head and shoulders pattern which is bearish and the RSI is heading down into the oversold territory. I see this going down into the 15 dollar range maybe even lower like 13. Besides all this i am still bullish on bitcoin and the bitcoin miners. But for now i am bearish short term.
MARA $MARAMiner has been taking a beating after accelerated rise in price. When this happens, what goes up , must come down. Yesterdays head and shoulders has not completed it measured move to 14.00
MARA in Bottom of Yearly Channel - Watch for Sharks!Goldman Sachs longtime exec Aziz McMahon, who had worked for investment bank Goldman Sachs as a managing director and head of emerging market sales for 14 years, made about a million in BTC, ETH, LTC, and Dogecoin. Aziz quit his job at the company earlier in the week, a decision he had made after cashing in his Dogecoin investments. It’s unclear how much the ex-Goldman employee made from the crypto, but people familiar with the matter believe it’s a significant amount, most likely counted in the millions.
Well, it was ALMOST me that turned my few pennies into a million this year, but incredible negativity due to COVID-19.
May you all get vaccinated.
stockinvest.us
MARA has reached the bottom of the 12 month channel.
Can it rise back up to its 100 EMA of 31?
Or will it break the ascending channel, which has held strong for many months, and tumble back down to $10, or even $2?
Other sites say it has a new price target of $95 and a 90% chance of reaching $52 within 12 months.
What do you think? Anyone want to help finish my new bot?
MARA fib levelsMARA reached the 0.382 support level yesterday.
IF BTC drops again, the next support will be found at 0.236 ($14.40 area).
MARA's investors all purchased at $20 earlier this year. This company has received more miners and advanced since then and has produced on their commitments and has demonstrated confidence.
MARA has been shorted pretty fiercely over the last few weeks - perhaps so the institutions could kick everyone out and they could buy it near the '$20 investor' area.
$MARA back testing IHS necklineThe IHS went parabolic and set us to ATH.. Here are we back testing the neckline
MARA Testing Critical Support LevelPrice continues to sell-off! We're now down 60% since the all-time high in April. Let's see if price can hold this support level at 24.00 per share. Price is facing significant risk of breaking below level if bitcoin sells off. On the other hand, this could also be the intermediate bottom forming. It's really hard to say which scneraio will play out, but this stock is defiantly worth keeping an eye on.
After Morning Sell-Off to $22, Good buy in at $23, sell at $26MARA rocketed down last night frighteningly for many investors and BTC did a plummet as well.
This morning, I eyed a great opportunity to buy in around $22 in the pre-market trading on WeBull. I just love the oversold and overbought indicator functions!
You can see the trade analysis much better in a smaller timeframe, but TradingView only allows 15 minutes or more time frame for public ideas. I've set up our Fibonacci levels as guidelines for when to buy and sell.
As predicted, it started to regain its losses to $23, to the projected target of $25-26. It is currently overbought in a shorter time frame at $26, and may go down further tomorrow. More losses are predicted, but not necessarily going to happen. We will see. Watch the trendlines! Watch the 55-56k level for Bitcoin!
Hoping for another great trading day tomorrow!
Best of luck, always do your own research!
Resources:
walletinvestor.com
app.webull.com
MARA Just because $MARA bought more bitcoin doesn't make it a profitable business Here is your head and Shoulders to 23.66
$MARA is setting higher lows but MACD is setting lower lows$MARA with the hidden bullish divergence on the daily chart. #Bitcoin is really starting to pick things up. Lets not forget $MARA will report earnings soon. I don’t see why tomorrow can’t be start of the reversal
$MARA TIGHT CONSLIDATION 38/32 IF BREAKOUT THEN +/-20% TO 48/24$MARA Consolidated for 8 days within range 38 to 32 if breakout then possible to see 20% - upper side target near 48-47 - lower drop then previous bottom near or above 24 . Indicators in favor of bullish move but candles are bearish.. high volatility!
Massive Bounce coming for Riot and Mara - Record EarningsRiot and Mara are trading way below fundamentals today, and this is an incredible bargain as both companies are set to post record earnings soon. Bitcoin is surging today as well over 58,500 and set to make a run for brand new all time highs. Seize on this massive opportunity today and rake it in for the next two weeks. Cheers everyone and I hope you and your families are eating well.
$MARA possible Megaphone bounceLooking at recent price action from MARA, and given that its been in a downtrend ever since BTCUSD has yet to find its leg up, I think this could be a good indicator of a bounce in both possibly. I would look for a small entry here since it bottomed out and found its way back right on the line before closing today. But not financial advise, just my thoughts looking at it. If this indeed a true bounce, we potentially have a long leg back up from here.
Bullish: BTC, Listed Average Price Target For the Past 4 MonthsI have MARA and BTC being compared to on the chart. Mara Is very under valued.
MARA Daily - If we could get some volume to the upside damn thisMARA Daily - If we could get some volume to the upside damn this chicken could run
Mara's Broken Rising WedgeETH has hit an ATH and Bitcoin struggles to keep up. As a crypto believer, I do believe before the next high must come a new low. Price Target is $25 before going to $60.
MARA and RIOT Oversold - Good Buying OpportunityTechnically, MARA and RIOT were both oversold last week and that downward momentum coupled with Bitcoin's key support levels provided an excellent buying opportunity with a high rate of success.
This proved true, as Bitcoin, MARA and RIOT bounced off the key levels of support, and the trade profits grew in size.
It is almost always better to wait for the perfect opportunity than to rush in and buy.
By waiting, you ensure you will not have high draw-down levels once you enter the trade.
For people trading with their life savings, that can cause a panic, and a swift panic-sell loss that may later turn into a hypothetical gain, without their investment.
MARA finally time to elevate?Will it be a MARA MAY?
Mara needs to gain above the YELLOW descending resistance level and back test against it to confirm upwards progress.
If that happens on Monday, the MACD 1D should cross and signal bullish investors.
Resistance may be encountered short term at 0.786 fib ($45.50)
As BTC pumps or dumps so will MARA.
Careful for a BTC rejection at 60K - lots of profit taking will occur there. if 60 is lost, we could consolidate more. IMO BTC will pump but be prepared.
Watch for confirmation signals above
Good Luck
