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.
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Good luck, happy trading and stay chill,
2degreez
MARA trade ideas
MARA, where it will go?Like many of you I am concerned about MARA. Either is over valued or it is currently under valued.
Now I am using an older chart to elucidate that it can drop to 8/9 or up to 14 during next BIT up wave.
But do look at the volume, a HUGE sell and no buy right now. Thanks to dilution, I think it is pure crap!
Folks remember we were all excited that bitcoin was ATH 35K, but BTBT goes to the moon and MARA / RIOT is in RED. This is a pretty significant alert. luckly I have also EBON that gave me some profit...
At this stage, correct me but I see niether MARA nor RIOT is going to 20.
PS: this is a short term analysis only.
MARA, be ready at ?Frankly speaking I don't know where MARA or RIOT are going, and / but Mara has surpassed RIOT in price already, which is an exceptional event/ indication.
I am using my previous chart, it shows MARA not only has attained all targets we can rightly assume that it will be at 12.50, from 5, just in 3 days.
However, we can observe it is over brought. Hence, I expect a cool off, as Bitcoin is cooling off right now. Maybe back to 10 support line.
I am very tempted to sell 30%, but if we expect bitcoin to reach 30K, then would it be wise to take the risk of to sell at 12 and hopefully to buy back at 10?
$MARAMarathon Patent Group Inc (NASDAQ:MARA) closed on Thursday at $10.92 a share and looks poised, at some point to rebound. Obviously, the short term trend is down right now, but finding the right spot to get in before the bounce can be a lucrative move. Looking at this hourly chart, what makes me think we are close to a bottom is the last four candles have seen lower volume (less selling), and less price range (stabilization). Plus, the stock has back tested successfully the broken yellow horizontal trend line resistance and is bouncing off of it. I think this bodes well for a bounce from current levels. Long setup on watch.
$13.30 Price TargetGoing into the new year we will see this stock store some pretty crazy value. This is most certainly lagging behind $RIOT at this point, due to lacking the mainstream appeal. As more research is done into the industry and the field of Bitcoin mining and Blockchain we will see more investments into safe companies like $MARA. This is slapped with a LONG opportunity and looks poised for a shot upward with Bitcoin easily maintaining its price point.
By the end of JAN we should see this way over $10 like $RIOT has just hit.
Wonderful push off of resistance.I am most looking forward to the new action of this stock. I am seeing very positive signs after diverging from $RIOT last week and the week before. I am looking to re-enter some new options in the coming year as I do not see this as a stock that will slow down for the short term future.