$MARAMarathon Patent Group Inc (NASDAQ:MARA) has held nicely above its $10.40 support line on a close basis over the last two weeks. The continued relative strength of Bitcoin could accelerate the bounce move on MARA next week.
MARA trade ideas
MARA is ready , We have a reversalReady for a bull run... Support above 10.65...11...Target 14
Tight stops bitcoin play.
MARA SHORTS SQUEEZEDWhy it pumped: they bought a load of crypto miners.
Take a look at historical price, it's not a good investment.
That said, mining revenue is trending up. They may be right for some time.
Looking to enter a put around $6, have yet to decide on expiry.
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?
Monthly MARA chart - lets say we revisit 20 and 35Revisit of 20 and 35 would be good enough to partially retire
$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.
MA Shooting up today.Looking like we are carrying some really bullish sentiment into the new year as predicted about a month ago.
Mara, be ready for 12So for those whom brought MARA when it was in the red 2 days ago, at around 5 USD, bravo.
From the chart, we see it broke all the uptrend resistances.
This could be argued as the beginning of the 3rd waves too.
Re when it can reach to 10 and 12? It all depend the bitcoin's uptrend force by Xmas.
Please see resistance lines.
Could be the beginning of a big moveGolden cross. High volume. Trend reversal. Is the beast awakening? Could there be a marathon for... marathon??
MARA, be ready at 4.80man the cap has changed for now, and I just got in with more shares. LOL
Bitcoin is going back to 16K, this is not cool. At least the cap has been filled , so thats reassuring.
Where I'm buying $MARA if it falls through $4.51 support. Where I'm buying $MARA if $Bitcoin falls toward 16-17k.
Where I'm buying $MARA if it falls through $4.51 support. I think #bitcoin sees $16-$17k before we blast through ATH. will start buying mara in the green box. specifically at green lines.
Looking a bit bearish. Wait for upward actionI see us retracing into this bottom line here. If there is a drop past that we are in must sell. I sold today all shares to cash out of investments for year-end.
Technical evidence of buying MARA!1- Getting out of the downtrend of all time!
2- Obvious Cup and Handel pattern which is one of the most reliable money-making patterns in technical analysis!
3- Just close above 200 SMA in the weekly chart!!!
4- increased trading volume
