Mara bouncing around the .786 retracement
we have been bouncing around $2 for a while and it looks like it will continue until the next earnings call in a few month (if we are to follow the previous pattern)
RIOT looks to be falling again one last time before moving back up again.
No real evidence just a gut feeling - is a long walk to the next earnings report but by then it will be too late. Buy the dips as we climb higher - people will put two and two together eventually, crypto mining companies make money when BTC jumps up.
I will put in some buys from $3-$4 in 10...
Voyagert Digital - yet another low cap Crypto company
I am a painter and i like to make these market journal entry college's with Candle stick charts, these are paintings, nothing more.
I want to hold this long but there will be some short term movement down and then up.
RIOT and MARA are also responding well to the Crypto revolution this year.
See links below.
MARA short dip before jumping higher
I try to get in and out of these quick moves or let ti ride. this thing wants to ride up for a while after a day or so of capitulation then the return to the rise followed by sort term capitulation.
I am just a painter who likes abstract shapes - my charts are noting more journal entries as paintings
Check out RIOT they are...
IF BTC had held 12k MARA would have jumped higher this morning.
Now i am not sure.
Maybe they are dumping tech to buy the SPX
The Next time the BTC price jumps up and holds over the weekend MARA will jump with it on that Monday Morning.
This thing has float of about 17M -- which means that if the total volume is around 300M, then every person is passing around (and touched) the same shares 17 times that day. At least, that's how I see it in my mind. This is not Marathon oil.
So we jumped early before earnings - buy this on the dip
The cat is out of the bag.
This could go to $100 so get ready just keep buy it.
The rip up today should falter and fall - buy when it drops - it will be the last low price you see.
Check out my RIOT chart as it is a similar company.
Bitcoin has risen more than 7% over the last week. Smashing $10,400 Monday.
As many expect stimulus package will arrive August and as D.C treats bitcoin as "money"
Many crypto traders in the United States say their next $1,200 stimulus payment will go ‘straight into Bitcoin.’
We'll see a clear breakout of $MARA as it has broken $1.39 resistance.