MARA is headed to 7.44!MARA is in a bearish Head & Shoulders pattern on the bigger time frame of 1 hour indicating a high possibility of success. This would bring the target to around $8 near 7.44 1.618 Fibonacci. If this is the case, it should happen this week, and fast. The RSI bearish divergence at the top of the H & S confirms this.
MARA trade ideas
ABCD/ lightning pattern, & Cypher Converging patterns, Clean ABCD (equal length drives) off 20$ level, also 4 hour cypher (786 trigger) . This is a decent set up. Long of 20$, tp's are listed. This needs room imo think under structure listed at worst. Use connecting pattern to maximize profits, always Leave runner imo is possible. We have been watching this pattern for a while, patience is key. Price action is paramount. Good luck guys
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
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 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 $1.5 billion.
MARA the only cheap way to buy bitcoinTechnically it looks no so good
It needs to go above 30$ 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 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.