MARA has lost -65% since November. Let’s take a look if we can pick up the stock from the bottom. Elliott: The count suggests that a 5-wave move is about to complete. This can be interpreted as wave C of a larger degree. Geometry: If the pitchfork is drawn correctly, we may have a potential support at the lower boundary. The 4th extension of the upward facing...
The favour of Bitcoin mining companies has been growing together with the increased adoption and recognition of CRYPTOCAP:BTC worldwide. Big whoop. See the accumulation/distribution since the May earnings report. What's interesting here is how tightly it follows the VIX . For the purpose of emphasis on this, the VIX chart at the top is inverted . At the...
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
MARA is looking slightly overcooked. There is potential to short/buy puts and ride down till it fills the gap up. It could have a further downside but is highly unlikely unless BTC sells off. RSI extremely overbought, MACD in nose bleed territory
As discussed at length a couple of months ago, we've been keeping a close eye on the internal strength relationship between Marathon Digital Holdings (an American Bitcoin mining company) and the Bitcoin spot price. As we can see, the soon four year long reversed head and shoulders pattern has now gotten a technical breakout. As long as this DOESN'T turn into a...
On the back of the crypto run I think the miner stocks have some good plays as well, especially those with options.
The Head and shoulders i thought was denied could actually still be forming, this means that MARA isn't out of harms way. However i also see a big wedge forming with potential of sending the price upto test earlier high resistances. With bitcoin being over 50k. i can't see why MARA should drop back down to around 20, however i will be keeping an eye out for the...
Bitcoin is being difficult as always. Yet, despite its sudden twists and turns, we've called every major reversal thus far since the April peak. Naturally, technical analysis is all based on probabilities. We don't KNOW where the price is going. The best thing we can do is to produce the most likely case and then add onto it as more pieces of the technical...
SNIPER STRATEGY (new version) It works ALMOST ON ANY CHART. It produces Weak, Medium and Strong signals based on consisting elements. NOT ALL TARGETS CAN BE ACHIEVED, let's make that clear. TARGETS OR ENTRY PRICES ARE STRONG SUPPORT AND RESISTANCE LEVELS. ENTRY PRICE BLACK COLOR TARGETS GREEN COLOR STOP LOSS RED COLOR DO NOT USE THIS...
SNIPER STRATEGY This magical strategy works like a clock on almost any charts Although I have to say it can’t predict pullbacks, so I do not suggest this strategy for leverage trading. It will not give you the whole wave like any other strategy out there but it will give you huge part of the wave. The best timeframe for this strategy is Daily, Weekly and Monthly...
Mara has had a rough few month but is starting to show power again alongside the rise of Bitcoin. If Bitcoin continues to rise and exceeds 50.000 dollars Mara will have strength to break the major resistance in 39.69 dollars.
Marathon is displaying one sign of weakness after another. It just broke out of its ascending channel, which disqualified both the lower bullish red RSI buy signals that we got recently, both on the hourly and the daily chart. This is bad news. Real bad. Especially so as it now leaves the daily RSI in a much weak position, one that paves the way for further drops...
cypher harmonic pattern: 3-4=0.38 X-3 4-5=1.42 3-4=$92 tp1=0.78 4-5=$26 tp2=1.27 4-5=$11.86 tp3=0.78 X-3=$5.76 tp4=2 4-5=$3.67
Cup and Handle? With more volume, potential breakout. Heck, nowadays everything is a potential breakout LOL
CD=1.13 XA=$63
end of the 5th wave is near.
Investors in Marathon Digital Holdings, Inc. MARA need to pay close attention to the stock based on moves in the options market lately. That is because the Apr 16, 2021 $70.00 Call had some of the highest implied volatility of all equity options today. (zacks.com) The indicators are still looking bullish on the daily, despite today`s correction. So is MARA a...