MARA - Update - Following BTC Accumulation
MARA is highly correlated to spikes in BTC price. Options are cheap and so is stock.
WARNING - This stock is known to have 30%-100% gains in under a week and then massive selloff. Need to watch carefully.
I have purchased stock and options in the current zone during the last dip October. I am neutral biased for movement (but long Calls and stock).
If it turns down, risk is limited with smaller investment and I can jump ship.
Risk - 1
Reward - Almost 4
If it turns down, risk is limited with smaller investment.
Previous trendline from Nov. 5th needed to be dropped with recent minor BTC re-accumulation pattern.
Very interesting how the main wedge (bottom line 4 years, top line 6+ years) lines up about 1 month before BTC halving.
When BTC goes through halving, I am betting that price for both BTC and MARA should see a increase.
Please trade carefully here and use limited risk.
If MARA gets active, you can always PM me here for a chart update.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
WARNING - This stock is known to have 30%-100% gains in under a week and then massive selloff. Need to watch carefully.
I have purchased stock and options in the current zone during the last dip October. I am neutral biased for movement (but long Calls and stock).
If it turns down, risk is limited with smaller investment and I can jump ship.
Risk - 1
Reward - Almost 4
If it turns down, risk is limited with smaller investment.
Previous trendline from Nov. 5th needed to be dropped with recent minor BTC re-accumulation pattern.
Very interesting how the main wedge (bottom line 4 years, top line 6+ years) lines up about 1 month before BTC halving.
When BTC goes through halving, I am betting that price for both BTC and MARA should see a increase.
Please trade carefully here and use limited risk.
If MARA gets active, you can always PM me here for a chart update.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.