MARA currently in its wave 4 ABC correction and looks to tap the .236 retracement. Ideally, the price would come closer to the Daily Ichimoku cloud before entry. MARA follows Bitcoin very closely in price action and the run is not over yet. Price falling below $15.15 would need to adjust the Elliott Wave Count.
Can't help but to notice RIOT is outperforming MARA by over $11 though at recent bottoms MARA's low was $1 less than RIOT, this might be the working degree of trend where RIOT is in a larger 3rd wave, and MARA a 5th, 5ths are slower to climax. Option statistics also favor RIOT with MARA Call/Put ratio much heavier. Also, HVBTF has finally taken out it's 52 week high, very significant.
pechi123
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Today's early low 30.63 low, and RIOT 32.25 low are both gap fills and likely represent the extent of a wave 4 correction about .50 of wave 3, BTCN has slightly exceeded .382. This is representative of the theory alternation, last wave 4 was shallow with MARA correcting less than .236, BTCN a perfect .236 but ate up more time, this correction is very sharp but ate up more price. Wave 5 up lies ahead. This moved also sucked out a lot of premium in the Blockchain and Grayscale Complex that has accumulated this week to the underlying Crypto, last week the complex was at a discount.