MARA trade ideas
Weekly chartThe weekly chart gives a better trend indication.
I am not jesus, not trying to save anyone here.
I start at 2.5 and sold at 56. I still have some left.
MARA, be ready at 28?Folks, this is a very objectif analysis. I think we all need to answer questions below to yourself before jump in.
In theory, we have entered a consolidation period, where 70% buyers are investor. We are at the Base 1 level.
Facing the new parabolic jump that we have here:
Do we have a clear break out? Is the trend changing?
Could it go to 28 for now?
Is this temporary and a Bull trap?
Is bitcoin fall will continue? 27K? Where Mara will be then?
We can expect a buy in between 23 to 20,with sopt loss at 19.
We are very close too recent over brought level.
$MARA Update - Choppy Start to the Trade, but following through MARA bouncing off the 200DMA as I predicted in the previous week, solid way to give yourself BTC exposure, entry was a little early with unfortunate timing due to the bitcoin drop, but I do think a reversal is here.
$MARA to the moonLooks like $MARA is ready to fly, and there is a rumor that Cathie Wood will add it to $ARKK
MARA One Of The Largest Bitcoin Miners In North America 10% upOn May 24, Marathon Digital Holdings Inc., (NASDAQ: MARA) announced plans to build a new bitcoin mining facility in a binding letter of intent with Compute North.
About the partnership
The new data center will be home to 73,000 OF Marathon’s previously purchased ASIC bitcoin miners as part of a 300-megawatt data center located in Texas.
Marathon will be required to provide Compute North with an 18-month bridge loan of up to $67 million in order to build the facility.
The contract will last for three years and every year the amount will increase three percent thereafter.
It is expected that once all its miners are installed, the harsh rate will be about 10.37EH/s. Moreover, the company’s average mining cost for hosting services, electricity, data center management, and other hosting-related services will be $0.0453 per kWh, and Marathon’s operations will be 70% carbon neutral.
“Compute North is a long-term partner of ours, and by expanding our working relationship with them through this new agreement, we have now secured economical hosting arrangements for all 103,120 of our previously purchased Bitcoin miners,” said Fred Thiel, Marathon’s CEO. “This agreement sets us on a clear path to becoming one of the largest, most efficient, and most environmentally conscious Bitcoin miners in North America. Additionally, the structure of this agreement is highly advantageous as it allows us to have the necessary infrastructure for our miners built without the capital expenditure, and it provides us with the flexibility to explore alternative locations, should we require them, while mitigating the risk of price increases.
“Once all our miners are deployed by the end of the first quarter of 2022, our hashrate will be 10.37 EH/s, and our operations will be 70% carbon neutral, with our long-term objective being to obtain a 100% carbon neutral footprint.”
MARA $20 WALLMARA is holding the $20 barrier even through all the big BTC corrections over the last few days. 😎
Will this support finally be enough to give another run for MARA?
BTC level to watch: 42 - if rejected that could make a very massive BTC trend Head and shoulders and could throw BTC to 20 or even high teens.
Tesla and BTC Miners in North America may have some battery initiatives with clean energy around the corner.
Good Luck
Butterfly Pattern in $MARA, $BTC recovers and this will take offHi guys I took $MARA long on this Butterfly, I hope it prints $$ :)
Trigger, Stop, Take Profits all listed on chart. Trying to learn one pattern at a time, w Butterfly. My mentor wants me to start hardest to easiest, Lightning, 2/618 and structures we are working on in the background. I hope to share some charts of value, thanks:)
$MARA looks like we have more down possibleUsing ichimoku, and the fact of the recent BTCUSD downward movement, we have more room to go down, and looks like we could probably touch $14 range before something happens. Volatility is always a big deal with MARA, and though I have a long position in MARA, I won't do anything until it touches $14 area and confirms a bounce back. This is just my own analysis and in no way financial advise. Short term short, before highlighted is met.
Very bearishPeople will buy the dip and stock will rise short term, however, long term this is looking extremely bearish.
Will MARA be a buy at $13-14? I've been watching RIOT and MARA fall epically down the last month from their amazing highs.
We've had a small bounce on Friday after a series of lower lows, but with BTC continuing its descent to 48k, MARA will most likely continue to slide in May as well, unless something major changes.
I'm planning for a buy-in around $13-14, where there is some support.
Otherwise, shorter term, there may be a small rally this week as it's currently oversold, to the Fibonacci 50% level of $25.43
Ideally, one could buy MARA around $5, and hold til $15 or so. I'm not sure if that low is in the cards this year. Bitcoin would have to fall much further I would think. We shall see.
SPY has also been hitting some bear signals, and we've seen it fall in the last two weeks as well.
BTC COIN MARA , CORELATED AND BOTTOMED OUTAnd it is no coincidence. The CRYPTO Bulls are lose!! Prepare yourselves.
$MARA overnight short.I noticed that NASDAQ:MARA have been showing sign of a sideway/downside condition. Shorted it last week and today I shorted it again with a 20$ Put expire 5/14.
MARA - The end of a downtrend RSI shows bullish divergence, you can see higher lows on the RSI while MARA makes lower lows. This is confirmed with a break in the downward trendline.
The ADX just crossed into bullish territory.
Buy some calls now while they are cheap!
MARA Call option using RSI, Support, and ResistanceI placed a call order with an expiration of may 21st (5/21) at 3:59pm est (right before market close)
RSI shows that its currently being oversold
I suggest getting in when you can
you can get in right now but only by buying shared because you aren't allowed to purchase options after hours
you have until 6pm est to buy a few shares on Robinhood.
lets hope for the best
2 possible escenario for MARA Im giving this idea based in what btc price can do in short therm (next 1-2 months).
First Put option on MARA. Today i decided to put my first put option on MARA as bitcoin seems to be going through a correction. The Elon Musk news definitely is pushing the price of bitcoin down, and the daily chart on MARA is looking bearish for the short term. Look how it broke support and the MACD is in the red right now wanting to widen more. If you look closely you can kind of see the head and shoulders pattern which is bearish and the RSI is heading down into the oversold territory. I see this going down into the 15 dollar range maybe even lower like 13. Besides all this i am still bullish on bitcoin and the bitcoin miners. But for now i am bearish short term.
MARA $MARAMiner has been taking a beating after accelerated rise in price. When this happens, what goes up , must come down. Yesterdays head and shoulders has not completed it measured move to 14.00
MARA in Bottom of Yearly Channel - Watch for Sharks!Goldman Sachs longtime exec Aziz McMahon, who had worked for investment bank Goldman Sachs as a managing director and head of emerging market sales for 14 years, made about a million in BTC, ETH, LTC, and Dogecoin. Aziz quit his job at the company earlier in the week, a decision he had made after cashing in his Dogecoin investments. It’s unclear how much the ex-Goldman employee made from the crypto, but people familiar with the matter believe it’s a significant amount, most likely counted in the millions.
Well, it was ALMOST me that turned my few pennies into a million this year, but incredible negativity due to COVID-19.
May you all get vaccinated.
stockinvest.us
MARA has reached the bottom of the 12 month channel.
Can it rise back up to its 100 EMA of 31?
Or will it break the ascending channel, which has held strong for many months, and tumble back down to $10, or even $2?
Other sites say it has a new price target of $95 and a 90% chance of reaching $52 within 12 months.
What do you think? Anyone want to help finish my new bot?
MARA fib levelsMARA reached the 0.382 support level yesterday.
IF BTC drops again, the next support will be found at 0.236 ($14.40 area).
MARA's investors all purchased at $20 earlier this year. This company has received more miners and advanced since then and has produced on their commitments and has demonstrated confidence.
MARA has been shorted pretty fiercely over the last few weeks - perhaps so the institutions could kick everyone out and they could buy it near the '$20 investor' area.
