Indexes looking like they may bounce here and BTC printing a descending channel brings my attention to crypto stocks again.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
MARA looks a good chance for a bounce.
Currently below the supply trendline could break through soon.
RSI showing bullish divergence.
A bounce to 0.618 is reasonably likely, maybe slightly further at a push and that would see it probe back above the 4H50MA.
So thats what i'll be aiming for - around $15, but if bearish candles turn up I may exit sooner.
This trade is only valid as long as indexes bounce here.
Not advice.
Comment:
MARA opening bearish here and indexes opening with a big gap against trend so nothing doing here currently until that resolves. I am long ETH and UNI already.
Comment:
Indexes pushing up from the gap, cryptos are pumping and MARA is across the supply line + bullish divergence.
I have bought back into MARA.
I have bought back into MARA.
Comment:
Indexes have had huge whipsaw and downside today and MARA is flirting with failure through 50MA so this trade is no longer for me. I'm out.
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