Cup and Handle Forming?Pretty much a rookie when it comes to trading. But to me this looks like a textbook cup and handle forming. Am I wrong? Any feedback welcome.
MARA trade ideas
Start of a new uptrend?Broke the downtrend line in my chart and it seems like it can be trading sideways. Sudden pop today and it is correlated with bitcoin.
Mara bouncing around the .786 retracement 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)
MARA knocked back down to $2 MARA knocked back down to $2
The run up to the election will crush the stock market.
but
When earnings are due it will fall back in favor.
Make sure you set ow buy orders around the $2 mark
MARATHON PATENT On my 1hr chart we have a giant bull flag
If we break out we can have a potential $6.5 target that is at the same level with FIB 1,414 extension
If we break to the downside we will go towards $1,5 and $1
Fundamentals are strong so my 1 year target is $15$
Crytocurrency is going to be crazyBitCoin Cycle can prove it.
$5 should not be a problem before 24th Sep
For your review.Marathon Patent Group, Inc. is a digital asset technology company, which mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. It operates one mining facility in Quebec. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
Watch closely.
MARATHON Patent GroupEarnings getting better, await Bitcoin/Etherium/crypto spikes. Following top 10-15 looking for when 3 then 4 then 5 hit double digit jump in daily value to make MARA watch for jump, or earnings from revenue.
Gap has been filled I expect $MARA to head higherWith the FED allowing inflation to run hotter than normal look to the BTC miners for gains. Long on MARA!
MARATHON PATENT -Falling Wedge- Bullish Pattern formingForming a falling wedge pattern on 4h chart
Bullish pattern with strong support at @ $2 and target @ $4.18
We will consolidate between $2 and 3$ for bit and then start the move up
My target for 1 year is $15
MARATHON PATENT Bearish trend with next target at $1.83 @ .786 FIB
Support between 1$ and $1,83 based on what BTC will do in the next few weeks
Looking to add more at $1,83 and $1 for a run back up to 3$ once BTC moves higher into 15k level
MARA is getting diluted soon offering 100 mil shares !
MARATHON PATENT_ MARABreak below 200 MA is bearish with target at 2.5
Support at 200 EMA and bounce back + potential break out of the bull flag - BULLISH with target around 8$
Looks like they are trying to fill the gap with MaraLooks like they are trying to fill the gap with Mara
i will set some buys further down
when BTC pumps MARA pumps
MARA update - it bounced on the $3MARA update - it bounced on the $3
Looks like we will make the leap before September.
Marathon Patent Group Announces $23 Million Contract with BitmaiMARA: Marathon Patent Group, Inc.
2020-08-14 06:30:10
Marathon Patent Group Announces $23 Million Contract with Bitmain to Purchase 10,500 S-19 Pro Miners
$MARA #MARA bounce to $8.27!Here's my bullish case for Marathon Patent.
MARA is still overall bullish as Bitcoin is also overall bullish. We can see that the stock is retracing from $5.24 high and now is testing the 0.618 Fibonacci line $3.59. I believe this will be an after hour market move.
Mara is currently consolidating inside the demand zone of $4.23 and $2.86. Institutions are loading up on these levels as they prepare for $12,000 bitcoin case. Bitcoin has touched those levels twice in the last 2 weeks and is rejecting and recovering faster.
As we major resistance is slowly being chipped down. Marathon patent will follow bitcoin's move as the two assets are correlated.
Bitcoin's break of $12,000 will clearly break MARA's resistance of $5.24 and fill the void to $8.27 which is it's next major resistance.
Marathon: Do not get rekt!!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.
MARA short dip before jumping higherMARA 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 also a Crypto Mining Co.
See link below.
IF BTC had held 12k MARA would have jumped higher this morningIF 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.
