MARA Breakdown - Short term - Buying opportunity NASDAQ:MARA
Likely to move down towards $18.7 for a bounce off of the volume shelf and the Fib down 12% - Look to buy at $18.70 - RSI Pointing down
MARA trade ideas
$MARA intrady a rare cat ears pattern!NASDAQ:MARA Have you ever seen a cat ears pattern? Well here it is. This is on 15M intraday chart.
The measured move is $20.50 area.
YOU MAY THINK I AM JOKING. I am not.
Google "Cat Ears Pattern".
MARA - GET WILDPretty sure this ones going to pamp! In line with BTC... Rising tide rises all ships. Not financial advice, DYOR.
MARA fell on a huge earnings beat LONGMARA fell a few days ago while Bitcoin is staging another leg higher along with other coins.
On the 30-minute chart, MARA is in undervalued territory below the mean-anchored VWAP
and near to the bottom of the high volume area on the volume profile but above the POC line.
This seems to be an obvious long trade for me to take. I will set a stop loss of $1.00 below
market price and a target of $31 halfway between the mean VWAP and the first upper VWAP
the line above it. A call option trade striking $30.00 expiring in three months will be
considered. MARA fell from excellent earnings which apparently disappointed some
traders /investors. The discount sale is hard to resist given the current fundamentals in the
crypto markets.
$MARA Ready for TakeOff! Bullish There has been a significant bullish momentum for Marathon Digital Holdings ( NASDAQ:MARA ), a prominent player in the Bitcoin mining industry. The stock has been performing well, and the company has recently reported a record-breaking Bitcoin production and mining operation for December 2023.
One of the key factors driving this bullish trend is the recent Bitcoin rally, which has seen the seen the price of bitcoin surge. This increase in Bitcoin's value has directly benefited Marathon Digital Holdings, as the company's primary focus is on mining and holding Bitcoin.
Additionally, the company's expansion of its mining operations and the acquisition of new mining sites has further fueled the bullish momentum. Marathon Digital Holdings is strategically positioning itself to capitalize on the growing demand for Bitcoin mining, and its recent performance indicates that these efforts are paying off.
The bullish momentum for Marathon Digital Holdings is driven by a combination of factors, including the recent Bitcoin rally, the company's strong performance in Bitcoin production, and its strategic expansion of mining operations. As a result, investors are taking notice of this digital powerhouse, and the stock's upward trend is a reflection of this growing interest.
Targeting the the $60 price point for profit taking. Cheers :)
MARA BOUNCELooks like miners will bounce.
I see target of 26, then pullback to fill another gap at 17.50
That move would conclude potential H&S
Mara can go even lower to test support at 16.50
Mara cooling down before the next leg upIt's been a difficult time being a Mara/BTC miner holder the past few weeks, as BTC has hit ATH's and the miners have counterintuitively been crashing and burning..
No one was expecting the BTC ETF to have the demand that it did, there just isn't enough BTC out there, post halving this will get even tighter. Historically, once previous cycle ATH's have been breached the average time for BTC to double in price is c.70 days, if this holds true we are going to see a $140k BTC by the Summer.
With that backdrop, moving onto the Miners, Mara was way over-extended and had run up too hard (As seen by the large bearish divergence on the RSI), it needed to cool down, this is just reversion to the mean and I can see it falling further to the $18-19 levels where there is historical support. I think at these levels it is a big buying opportunity and I can see this going far higher - $40 by end of April is where I see this going. The weak hands are being flushed out and it is supercharged and primed for a move higher! Let's see how it plays out :)
$MARA - Pick your side.NASDAQ:MARA If Marathon failed to hold onto $21, there is a chance that it could drop to $19.30 area to check back the trendline. $19.30 is also the volume gap area.
Bulls need the stock to reclaim $24 - $26 area quick.
Here are the pivot areas:
> $24 - Bull run
< $21 - Bear feast
Grass for the bulls:
Bitcoin looks primed for a run to $75K and beyond.
Honey for the Bears:
The marathon CEO selling shares in public market up to $1.5 billion.
Accumulation CylinderMiners continue to frustrate traders, but the long term bullish pattern is taking shape.
Dips are for buying.
MARA the only cheap way to buy bitcoinTechnically it looks no so good
It needs to go above 30$ to looks better and 34$ after
Now its weak name after earnings
Fundamental
Market cap - 7B.
Company holds 16 K. bitcoins
Company are minings 59 bictoins every day
Company is not profitable but Uber was unprofitable first 14 years lol
Mara and riot Btc need to go back a stop really quick Mara and riot both have double tops. IBit has several FVG that are quite large along with Mara and riot — i think these sellers and buyers will get a chance to get back in, and it will push back up.
MARA: Analysis: DowntrendWe are in a bearish trend and we are not going to go against this trend because we see on the chart the break of the support line with force by a large red candle and followed by a large red volume.Thanks!
MARA : Bullish/BearishMARA is a bitcoin mining company that trades at a cheap price.
Here's my point :
31.26 - 20.65. Play along that area.
MARA KaboomMARA is a bitcoin mining company that trades at a cheap price. It adds more bitcoin to it's assets every day. This stock is probably at at least 60 bucks the next time bitcoin tests its highs in the 60s. If bitcoin is at 100k in the next few years I think this stock is well over 100 bucks. So I think there is more upside to this stock than bitcoin itself.
MARA looking bullish Inverted H&S with momentum coming.
Marathon Digital Holdings (NASDAQ: MARA) is currently riding a wave of bullish sentiment, propelled by several key factors that intertwine the worlds of cryptocurrency mining and market technical analysis. As a prominent player in Bitcoin mining, Marathon Digital's prospects are closely linked to the movements and milestones of Bitcoin itself.
Bitcoin's Momentum: Bitcoin's price momentum is a critical driver for Marathon Digital's bullish outlook. As the value of Bitcoin increases, so does the potential revenue for miners like Marathon Digital. This relationship is because miners earn Bitcoin as a reward for validating transactions and securing the network. When Bitcoin's price rises, the value of these rewards increases, making mining operations more profitable. Recent analyses suggest that the demand for Bitcoin is growing, which could lead to higher prices and increased mining revenue.
Approaching Bitcoin Halving: A particularly significant event for Bitcoin—and by extension, Marathon Digital—is the upcoming Bitcoin halving, expected in 2024. Halving events, which occur approximately every four years, reduce the reward for mining new blocks by 50%. While this might seem counterintuitive as a bullish signal, halvings have historically led to price increases in the months following the event. This is partly because the reduced supply of new Bitcoins coming into circulation can lead to scarcity, pushing prices up if demand remains steady or increases. Marathon Digital is well-positioned to benefit from this, especially given its efforts to expand mining capacity and cut costs, thereby potentially maximizing profits during and after the halving.
Inverted Head and Shoulders Pattern: From a technical analysis perspective, an inverted head and shoulders pattern observed in Marathon Digital's stock chart adds another layer of bullish sentiment. This pattern is often interpreted as a reversal pattern that signals the end of a downtrend and the beginning of an uptrend. For investors and traders who follow technical analysis, such patterns can serve as a buy signal, leading to increased buying pressure and potentially higher stock prices.
Marathon Digital's strategic moves to double its mining capacity and reduce operational costs by 30%, in preparation for the 2024 halving, align with these bullish indicators. Together, Bitcoin's current momentum, the anticipation around the halving event, and positive technical analysis patterns like the inverted head and shoulders create a compelling case for optimism around Marathon Digital Holdings.
In conclusion, multiple factors contribute to a bullish outlook for Marathon Digital Holdings. The company's fortunes are closely tied to those of Bitcoin, and with positive momentum in the cryptocurrency space, an approaching halving event that could reduce supply while demand remains strong, and favorable patterns in technical analysis, there's a solid foundation for bullish sentiment among investors and analysts alike.
Targets: 48, then 64 and beyond
$Mara put verticalSold March 15th $24/$28 put vertical for $2.3 credit.
My breakeven is $25.7. I will receive the full
credit if the stock is above $28 by expiration.
Oversold and CRYPTOCAP:BTC is rising.
MARA Bull Flag, Simple TA based on BTC movement. If BTC runs up higher, I see no reason as to why MARA would not play out on this bull flag. We are crossing the EMA ribbon and setting up nicely. Not financial advice, DYOR.
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
MARA huge cup and handleMARA has had a massive run these last two years, the BTC chart looks the same, we do need to correct at some point but it is possible the ETF inflows change market conditions.
everything looks in order for this Head & Shoulder pattern everything looks in order for this Head & Shoulder pattern with huge possible return :)
Mara to 1500$ - Bitcoin the new institutional treasure.Marathon digital holdings - literally takes sun light(solar power) and makes money from it. The biggest company in the world to create all those bitcoins that everyone suddenly started loving.
People don't really understand how important is Mara and how big the whole thing gonna get.
"Marathon Digital Holdings Expands Deployments with Compute North, Powered by One of the Largest Renewable Energy Providers in North America"
MARA: Bullish -NAVARRO 200 detectedMARA: Bullish -NAVARRO 200 detected
Two harmonic figures were detected by the Wolf of Zurich.
The divergence with the ROC remains strong
it is therefore a Bullish signal
However, monitor the Exponential Averages 50 and 200
Will MARA get a Crypto ETF pump?I've held MARA for quite a while now and it has been one of the best performers in my portfolio. For me it was to be able to buy into the Bitcoin speculation without having to directly buy Bitcoin. Whenever BTC went up, Mara behaved like an leveraged stock and would rise more significantly. When BTC went down, Mara of course would follow.
It will be interesting to see how the market digests news of the new Crypto ETFs being approved into the mainstream by the SEC today.
Might be one to watch.
