MARA PLAY WEEK OF 9/19 Mara approaching demand zone. Watching calls above $11.30.; Watching puts below.$10.70.
1MARA trade ideas
$MARA back down with BTC and other speculative playsLooking for the market to head sub 3900 and then BTC to follow down to the 15k range. Expect $MARA to follow suit and head back down to the consolidation levels near $8.
Blockchain Companies: Expectation vs RealityCryptocurrency bubble?
When analyzing the financial data of companies in the blockchain/cryptoassets area, more specifically the EPS (Earnings per Share), we can see a huge discrepancy between expectation and reality.
It should be noted that some of these companies have never made a profit during their entire existence, and have negative cash flow.
The question is: to what extent has the market already priced in these negative results?
Would there be more room to fall?
Below is the concept of EPS, and shortly after a snapshot of the current EPS versus expected EPS, from the main companies in the cryptocurrency and blockchain area.
I'm not optimistic about this data, unless there's something that only I didn't see.
What is basic EPS?
Earnings per Share is the amount of earnings per share of issued, ordinary shares. When companies report financial results, earnings per share is one of the most commonly measured metrics.
(TradingView)
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Companies analyzed:
Marathon
Riot Blockchain
Hut 8 Mining
Coinbase
Bitfarms
BitNile
CleanSpark
Core Scientific
Argo Blockchain
Canaan
Hive Blockchain
Digital Bit
Galaxy Digital
BIT Mining
Valour
Ebang
Greenidge
Iren
The Blockchain Group
TeraWulf
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ETFs analyzed:
Proshares Bitcoin Strategy
Grayscale Ethereum Trust
Grayscale Bitcoin Trust
MARA shortjunk stock
short
short
short
Definitely could get squeezed up farther but it will only be a matter of time before it comes crashing back down
MARA - Bounce Play 🏀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.
The MARA-ETH relationship goalsA good buddy gave some heads up about MARA, and we had a short discussion about MARA. He mentioned that MARA and Crypto had some relationship and I was a little skeptical that MARA would be close enough in relation to crypto, and also wondered if there was any relationship, what might it be.
So, from purely a technical perspective, I pulled up MARA and overlaid ETHUSD on the weekly chart. Some adjustment requires for the overlay and it appeared that my buddy was perhaps onto something! Honestly, I have not enough research into MARA, but for what it is worth, it appears that MARA leads ETHUSD, in a somewhat casual open relationship IMHO (pun not intended).
You see, as MARA rallies, it does this ahead of ETHUSD. And it also appears to lead in the downside aspects too. Both have about 1-2 week lead.
Currently, it does appear that MARA is in bearish stance, with a bearish candle last week that closed a gap. Technical indicators apparently struggle to mitigate the bearishness.
In the daily MARA chart, the recent rally is oer, with a solid gap down end of last week. Technical indicators also support a bearish stance, with more downside expected.
Immediate support levels are about 12, and then 8.50. Resistance is clearly at 14.
Given this casual relationship, if it is sufficiently robust to hold, we might co-relate that ETHUSD is having some downside risk for the rest of August, and into early September, with a possible bounce off later in September, perhaps on the back of The Merge?
I would keep an eye out on MARA... just to see if this relationship achieves some longer term goals.
Tell me what you think, and if this makes sense to you too?
Marathon effort required to invalidate the bearish threatMarathon Digital Holdings - Short Term - We look to Sell at 15.05 (stop at 19.95)
An overnight negative theme in Equities has led to a lower open this morning. We have a Gap open at 15.05 from 18/08/2022 to 19/08/2022. Broken out of the channel formation to the downside. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 15.05, resulting in improved risk/reward.
Our profit targets will be 5.10 and 4.50
Resistance: 15.05 / 18.88 / 19.43
Support: 10.08 / 8.04 / 5.20
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Mara SAFER Way DOTM Puts 2 OutcomesThe Trifecta Income play is designed to either generate income or gets the stock assigned to you at a lower cost.
YOU SHOULD ONLY USE THIS TECHNIQUE ON STOCKS YOU WANT TO HOLD FOR LONG TERM.
Pay attention to the company as you do not want get a stock that is in a declining industry like KODAK when digital cameras came out.
We do this by selling a DOTM put, that immediately generates income at the expense of our buying power. In this case, we are selling the:
MARA Jan 2023 $5 PUT
for a net credit of $1.38/share or $138/contract, and a reduction in buying power of $362 per contract.
Assuming that the MARA closes remains above $5 through Jan 2023, our return is:
$5 share price / $ 1.38 credit = 27.6%
We can do this because the have a target support zone from 4.5 to 5.5 with a target resistance zones of 15.
There are two possible outcomes:
1) MARA closes above $5 by expiration in which case we keep the entire credit for a return of 27.6%
2) MARA closes below $5 at expiration in which case we get assigned at $5. Because of the credit our cost basis for the stock is $5 - less the credit received $1.38 for a cost basis of $3.62 which is below our target support zone of $4.5.
Net result, we have a safety of margin from the current stock price of $9.78 - $3.62 (assignment cost) of $6.16, which means we have a safer entry at reduced cost using this safer trade structure.
Hope it helps
Marc
MARA Breakout $ Target we going to see a huge momentum up if we held above our current support above the 13.30$ , we going to have 2 profit taking around 17.40$ , and the 19.60$.
NASDAQ:MARA
MARAMARA tested its supply zone which was its resistance previously lest see if we can see 17 area again
the cleanest chart ever, for a 100% Well, this is one of those stocks that you have to own, just in a week increased the value in 80% and the chart is very clean and following the crypto trend, btw the symmetrical triangle in bitcoin chart is the start of a bull trend in bitcoin.
MARA: 21% gain on Friday!Marathon Digital Holdings
Short Term
We look to Buy at 7.59 (stop at 6.31)
We look to buy dips. This stock has recently been in the news headlines. Trading volume is increasing. Yesterday's move higher brings an end to the run of consecutive lower highs. Previous resistance, now becomes support at 7.50.
Our profit targets will be 11.16 and 14.99
Resistance: 11.17 / 20.00 / 31.30
Support: 7.50 / 5.30 / 3.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
$MARA Breakout Long$MARA had a massive volume spike on the recent move up - This showed clear aggressive buying. Mara can breakout over 9.18 and run if Bitcoin has found a true bottom and starts its accent.
$MARA ~ Still correcting...As shown in previous update, correction continues and expect lower prices as shown. Possible opportunity soon but not yet. Will be interesting soon and will continue to track closely.
$MARA ~ Correction still in progress...As expected, the bitcoin miners are correcting along with bitcoin itself. Although we are getting close to the 61.8 for a normal wave 2, I would recommend being careful as crypto tends to correct a little deeper and should be no surprise to see the 78.6. Remain patient and it will pay off later down the road.
$MARA priced for bankruptcy despite exponential growthMr. Market now prices $MARA at LESS than bankruptcy value - despite radical and exponential revenue growth.
MARA 3/9/2022MARA
Ugly chart. Looks like another one of these “pump and dump” chart
MARA broke out and went into an Uptrend late Nov.’20.
Price pumped from Mid 4s to 57.50 between Nov.’20 to Apr.’21 while being supported by 50ema
Price then came crashing from 57.50 thru the 50ema and found support from 200ema and 20.00 area.
Price from there bounce to previous highs of 57.50 and made a parabolic move from there to All-time highs of 83.38.
The parabolic move was unsustainable and turned out to be a false breakout. Price came back crashing thru support of 57.50 and all the way back down to 20.00 area.
We also had a death cross of the 50 & 200emas when price crashed thru previous support of 57.50
We now have a descending triangle at support forming under the 50ema.
We are currently at the descending resistance of the triangle.
MARA enjoyed an uptrend, but we have been moving sideways since about May 2021.
Price tried to make higher highs and all-time high and succeeded but the move turned out to be a false breakout.
It has also been unable to hold both Support and Dynamic Support levels. This is current display of strength from the Bears in current side-ways range.
Price is currently making higher lows into major support level all while rejecting the 50ema. The Bears once again displaying their strength.
With all the bear strength mentioned above, I believe the bears will break thru support and MARA will enter downtrend.
Price currently finds itself at resistance level of descending triangle. This is an area of value and my cue to enter trade.
Entering trade short.
Entry: 25.89
Stop Loss: 29.39
Target: 10.00- +61.27, 4.43 RR ratio
Long MARA at $8.66www.tradingview.com
After an over 7% sell off after todays job report, oversold on the daily tf. I bought MARA at $8.66 per share.
Mara the same? Marathon Digital Holdings
Short Term - We look to Sell at 11.03 (stop at 12.16)
Preferred trade is to sell into rallies. Trend line resistance is located at 11.00. There is scope for mild buying at the open but gains should be limited. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 8.62 and 5.19
Resistance: 11.00 / 12.00 / 20.00
Support: 8.80 / 5.20 / 1.50
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
15 min chart on $MARA. Quick analysis. This 15 min chart is super clear and simple.
Shows that it is valid.
Although I dont like to trade with only lines on a chart.
Yes, lines on a chart.
Going to be diving deeper into more technicals.
Update will be given.
Lookig for a scalp long, and swing short.
parabolic move on the horizon ;)MARA setting up for for a big move in either direction
watching for longs above 9.82, shorts below 8.72
