MARA Wave 5MARA currently in its wave 4 ABC correction and looks to tap the .236 retracement. Ideally, the price would come closer to the Daily Ichimoku cloud before entry. MARA follows Bitcoin very closely in price action and the run is not over yet. Price falling below $15.15 would need to adjust the Elliott Wave Count.
MARA
I'm feeling great about it!If it can break above $24.22, we should see a pretty nice break out. No, I don't have a price target. We have several things going for us.
One being that someone just pulled half a billion dollars worth of Bitcoin out of Coinbase and stored it on a cold storage device. That means the trading supply just went down, and the demand for BTC goes up. Just think, a week ago MARA bought 150 million in bitcoin. AND, they just bought a crap ton of mining equipment.
Second, Mike Saylor is hosting a conference with major institutions that should be available for free to the public after February 4th.
Ladies and gents, I hope you got in last week :D
Correction pattern in MARA, watch for upward breakout!By looking at MARA chart you will soon notice the repeated pattern of correction (3times, 33%).
This is very usual in rapid bullish trends, and if you learn how to deal with that, it will change your game!
Yet this pattern repeated so many time in so many stocks, another good example could be PLUG, check my analysis when it was 15 dollars
Missed $BTC? Buy $MARA!Last week we saw a shakeup in the crypto world with $BTCUSD falling below 30k. BTC has been awfully resilient and bounced right back. $MARA also took a hit and got down to $15 where I alerted a buy in my group, link found bio.
Load shares here and ride it up to all new ATHS in the next coming months. Enjoy :)
OSTK Break out Long IdeaOSTK, looks to be breaking out of a wedge pattern. These are usually bullish.
MARA - Still Hodling / FlaggingKeeping this short and sweet. Watch the fib levels and watch for a break up and out of the flag.
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
MARA 1/18 Trade Idea and ProjectionsMARA sympathy play with BTC
BTC:
Bull flag (symmetrical wedge) on Daily
Reversal price action respecting bottom trendline (2 wicks w/ small bodies)
20 SMA coming up for support
$1.9T stimulus packet proposal, decreasing USD
MARA:
Bull KL's: PLOD, PHOD, 22.40, 23.00
PT: 24.50, 26.19
MARA TAKING A HIGH RISK TRADEThe Company: Marathon Patent Group focuses on mining digital assets. It owns cryptocurrency mining machines and a data center to mine digital assets. The company operates in the digital currency blockchain segment and its cryptocurrency machines are located in Canada.
I'm taking a high risk trade here so I limited the position size to 1/3 of my normal position size for a stock. Mara has the potential to consolidate due to company raising capital by share offering.
I missed the last cryto rally and felt locked out but I believe that there is still room for growth here.
This is just what I am doing and is not investment advice.
MY TOP 10 ANALYSIS IN THE LAST 3 MONTHS VS SPX,NDX,DJII would like to invite my followers and all other users on Tradingview who did a trade base on my analysis in the last 3 months to write a comment about their experience.
While major 3 indexes gained 7.5 to 12.5 % in the last 3 months, I had two 4 digits, many 3 digits, and lots of + 50% analysis.
Keep it on your mind that I made the call to buy:
MARA @ 2.37
RIOT @ 3.43
BNGO @ 0.54
CHEK @ 0.36
CAN @ 2.60
PLUG @ 15.47
IDEX @ 1.54
GEVO @ 3.70
SYN @ 0.38
FCEL @ 5.36
Please write what you think in the comment.
Stock to watch: Marathon Patent Group Inc (NASDAQ: MARA)NASDAQ:MARA
An interesting stock to watch.
The asset is currently in an uptrend + the MACD Crossover indicator Long signal is still in progress.
Marked out the buying zone.
Further targets are 40.12 , 87.04 , 153,12 and towards the all-time high .
Invalidation: closing below previous consolidation's low at around 9,62.
Disclaimer: This article should not be considered as financial or investment advice. Trading digital assets involve risk and may resolve in the loss of your capital. Always be sure to understand the amount of risk involved and do your research before taking any trading/investment steps.
CRYPTOSTOCKERS IIAnother batch of Crypto Stockers...
Remeber..They chase bitcoin and bitcoin chases them..be always behind the trend.
Enjoy!
TRADING CRYPTO STOCKSThe great thign about all of this crypto stocks is that they follow bitcoin..DAHHH!
The simple chart ilustrates it
1 itis imperative that you keep a pulse on bitcoin and the stock share Dilution not to be trading against the wave. As there has been and will be regular offerings....
2 Profit taking its mean here and stop loss cascades are common.
3 Always be aware of the bitcoin support and resistance levels as well as time waves.
4 Be on the lookout for institutional buying and selling and follow their cicles.
5 Be ready to react imediatly to divergence arising from bitcoin and the market in which the stock trades.
6 BEGINERS DONT SHORT!!
Good Luck!