MARA - Update - Waiting to Pop or Breakdown
Note - MARA is speculative, not based on earnings or fundamentals, and has high volatility.
MARA made a decent pop just like we anticipated.
Currently forming a Bull Flag on Daily.
RSI trend confirms there is room left to run to price target of $1.75.
Exit trade
At RSI 70 or higher.
At price of $1.75 or trade at your own risk.
While it would have been a good idea to exit the trade, I feel this trade is not finished.
My MARA Calls are cheap and expire 12/20. Stock is ridiculously cheap, but you need to hodl until BTC peaks for offloading.
We should have another entry for the big upcoming pop sometime in 2020.
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.
Short SPY and AAPL.
MARA made a decent pop just like we anticipated.
Currently forming a Bull Flag on Daily.
RSI trend confirms there is room left to run to price target of $1.75.
Exit trade
At RSI 70 or higher.
At price of $1.75 or trade at your own risk.
While it would have been a good idea to exit the trade, I feel this trade is not finished.
My MARA Calls are cheap and expire 12/20. Stock is ridiculously cheap, but you need to hodl until BTC peaks for offloading.
We should have another entry for the big upcoming pop sometime in 2020.
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.
Short SPY and AAPL.