Mara trading ideaMara stock is forming a strong bullish inverse head and shoulders (ISHS) pattern, with the price trading near its neckline. We plan to accumulate within the provided range and focus on the profit targets shown on the chart.Longby weslad24
MARA - Deploy The Lifeboats 😱🙀❗❗Before posting this I did check through the first page of most recent and most popular threads on MARA and it was very interesting to see that every one of them is "LONG" MARA. So this is a contrarian thread. And why is that? Well aside from the skill it takes to make a correct bearish call mid bull market; MARA is a fanboy hype stock. Most of the posts are based in "technicals" funded by hope . Hope is not a trading strategy. Its very interesting because the no.1 Bitcoin miner has looked ugly for quite a while and there have been multi-time frame bearish divergences. These days TradingView is even kind enough to highlight some of those divergences, but yet apparently no publishers have noticed them. Yet again they are all too busy looking at the stars ✨. The blind leading the blind. Bitcoin slumped today and altcoins took quite a hit. But MARA was already rolling down the hill for some time and continued today. So the question; if MARA is plunging while Bitcoin is still yet to reach a conclusive top... Where will it be if/when Bitcoin does turn bearish ❔ Where will it be at the end of a Bitcoin correction ❓ Probably not all the way up here. I called this as a weak 1:0.786 three wave correction when MARA was up @$21 back on March 24th. And so we'll see what how Bitcoin fairs over the weekend. But I have deep targets for MARA. Not advice.Shortby dRends35Updated 130130217
Where bitcoin goes MARA follows - Current Macro developmentsHi guys! As usually i keep my eye open for macro changes or signals that may lead to major moves. Of which Marathon (MARA) has been on my radar. This analysis is done on the 1 week timeframe. We are currently attempting to get Above our Major level/ area around $18-20. This area also coincides with the 21 EMA. Which we are also ABOVE as we speak. However, remember it has not yet confirmed that we managed to get Support from 21 EMA. Also note that we recently tested Support on 50 SMA and have maintained it 6 weeks in a row. This fact makes me think, we will continue UP -> At the very least to the Upper range of the consolidation orange rectangle at $28.00 We have not yet printed a death cross which is a good sign indicating probabilities pointing towards continuation of Uptrend. Pay attention to next weeks candle close for more clues. Ive also highlighted our current price action to be part of a Consolidation range, from $15.00 to $28.00 I think it makes sense for us to be consolidating as we are making our way out of the bottom of the market for MARA. (around the 3.50 area) Since then we've already climbed roughly 1000% to our top around $34. 21 EMA and 50 SMA flattening out also supports the Consolidation occuring. Consolidation is basically when an asset tries to digest rallies, trying to catch its breath. And now we have to assess whether theres further momentum left to continue our Bull market or make our way back down. If Bull market continues, we can make our way back to this Major Resistance lvl labeled. We have touched this line 3 times in history previously and it marks Blow off tops of Bull markets for MARA. If we get rejected from this Major level, we can make our way back to the sloping Support trendline labeled below. So to find a sense of whether or not MARA will continue or come down to test the lows, we look to 2 indicators that i love using to assess "momentum". Notice the STOCH RSI. Everytime we come down to the 20 lvl, we stay Below for extended periods ranging from 57 days to as much as 126 days. When we cross Bullish and move UP Above 20 lvl, we tend to have Rallies UP. 1 pattern though, with STOCH is its relationship with Moving Averages 21 EMA and 50 SMA. When Purple (21 EMA) crosses Below Green (50 SMA) Moving Average and there is a STOCH Bull cross, sometimes it doesn't impact big rallies. BUT When Purple is on top of the Green Moving Average and STOCH crosses BUllish Above 20 lvl. This is a pattern seen in relation to big rallies UP So if we can get a STOCH Bullish CROSS Above 20 level, while our 21 EMA is Above our 50 SMA, we can expect to see a continuation rally. Watch also for a break Up and confirmation out of the consolidation zone. The MACD is currently ABOVE the 0 level, with waning or decreasing Bearish sentiment. This is seen from the print of the lighter red bar of the histogram. The Blue/Orange lines are also attempting to Curve Up and try to Cross Bullish. If we continue to print smaller lighter Red bars, and then see a Green bar print, it is likely momentum has turned Bullish. Bullish Crosses ABOVE 0 level, tend to rally Upwards. A MACD and STOCH CROSS together would be even better sign of uptrend to be PROBABLE. ANd if we Breakout of the consolidation rectangle we are currently in -> its likely we test "Major Resistance" at around $60. Keep observing and paying attention. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MARA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.Longby SafofAllTradesUpdated 2212
MARA, gathering strength for multi day gains -- coincides marketMARA tri-monthly chart is clearly showing initial upside shift. Accumulation and volume has been notable this past few days. Net buyers are definitely positioning in anticipation of crypto market's season breakout. KEY NOTES: Tri monthly histogram has registered higher lows -- cementing the current price range as the base for the coming series of ascend. First "bubble up" volume indicator below indicates warning sign of an incoming series of UPSIDE movement. Near term goal is x4 price -- with extended high prospect of x10 returns within 12 months. Spotted at 10.0 TAYOR. Safeguard capital always. _______________________________ FUNDAMENTAL NEWS / from tradingview: Mining Output Up 77% In May Jun 3, 202306:35 GMT+8 KEY POINTS: Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month. The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million. Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics. Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction fees thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward. Marathon Digital’s Share Price Up 7% According to the unaudited Bitcoin production and miner installation updates published by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million. With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.” Fred Thiel, Chairman and CEO of Marathon Digital Holdings Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.Longby JSALUpdated 7749
MARA: Second ChanceMy previous trade idea on MARA followed the accumulation of the lows below $10 when this stock was totally undervalued. I was buying to sell into the ETF news, which lined up perfectly with my BTC prediction approaching 48-50k. That trade resulted in a profit of 300% and our next opportunity is likely approaching as the Bitcoin Halving will occur in April. Ive since sold my MARA position but I will start accumulating this stock again as price retraces. There will be 2 BASIC indicators that I will use to predict where the bottom of this retracement will be. 1) The traditional Fibonacci retracement from the bottom of the range, to the top of the move. We will be using the Golden Pocket CC .618 as a base case and look for confluence at that level. To my expectation, this range lines up with a GAP that MARA failed to close, before rallying over 100%. My previous idea was based on the fact that GAPS must be filled once a direction is chosen. This will be no different. 2) The overall strength of the Market, in particular Bitcoin. I will be looking for a retracement on BTC to at least the $30k-$32k level, which was the previous massive range resistance, and should now be treated as support. If we break this level, we will very likely be looking at lower prices and this trade will be invalidated / look for lower prices. I do believe that we will see a several week accumulation period in the spring, which may last in to the summer until BTC potentially begins its post halving rally in the fall / winter of 2024. It will be important to watch the RSI on the daily time frame. If we break into new lower ranges, but the RSI fails to generate new lows, you can use this as a sign that the bottom is near. My target will be between $12-$13. If we do see further downside towards the previous range point of control at approx $9-$10, this would be a load the boat situation to average in. Lets Go MARA! Good Luck! by afurs1Updated 124124199
Marathon DigitalBreaking Flag. This has the potential to go much higher. It seems like BITCOIN will be reaching 80K soon. This will hit 30 if that happens and more FOMO are going to enter.by Junoon1234
MARA Potential Bounce Off Bullish Ascending Triangle MARA has tested the lower bounds of the ascending triangle before, so a bounce next week has potential. If one occurs a test of the upward bound of the triangle is likely, with a breakout also in speculation as the upward bound has been tested many times already. But, if a bounce occurs and then immediately retraces and breaks through the lower bound, I think MARA will continue on the downtrend. by jdogprimeUpdated 4
$MARA - Bullish - $30 target Bullish reversal candle today as BTC Miners are starting to get some post halving attention. Breakout of uptrending wedge pattern soon with Stoch/RSI turning up. These miners can run 50-60% in 6 or 7 trading days when they decide to go. $30 to $35 target. Holding long term $30 Calls into the bull cycle for much higher price targets. Longby stanleygroovy13
MARATHON - Ascending ChannelIncreased Probability of Appreciation signaled by the alignment and approach of multi timeframe fibonovens within the limits of the ascending channel Risk x Return 3 with risk management based on stoploss movement for each target reached Follow us to receive new analyses as well as updates on this and other studies published here. Follow other analyses from the link below or within the EthosTrader profileLongby ethostrader2
MARAI started accumulating MARA based on the analysis of BTCUSD, and as soon as MARA has completed a ZZ and RSI went down to 30. Price broke out of the corrective price channel and crawls slowly to the upside. Given the miners beta vs BTCUSD - this stock should fly.Longby Alpha_MindUpdated 2
MARA: Buy idea: uptrendBuy idea on MARA as you see on the chart because we have the breakout with force the resistance line by a big green candle follow by a large green volume.!Longby PAZINI195
MARA . TA w/ Linear Regression + RSI, Supp and ResThe Light pink lines drawn are considered Linear regression lines. I hand draw them with the first line originating from the weekly chart as a trend line that intersects with the most points possible. I then Find the upper and lower parts of that channel and extend those line forward and back in time over the chart maintaining consistent distance over time between lines. I then chart price points that have had many points of support or resistance. This does look messy. and the Linear regression lines are for planning and usually turned off. The Linear Regression line + RSI indicator has helped clear up my chart and give me more quantitative indications to what I was manually drawing on the chart. The last indicator essentially creates a Vix for an individual stock and helps with top and bottom confirmations within the timeframe viewed. Bottom signal on the Linear Regression + RSI is usually when all lin reg lines are below 50 and the RSI is below 30 w/ a change to the upside on the RSI. There is also a 2 or 3 touch bounce of the RSI back into the path of the Lin Reg lines. Confirmation can be seen in the Williams Vix printing green and at a decently high value compared to the average. Tops can be seen when the values print grey and very low value.Longby AngryBuhdaUpdated 3312
A rise in BTC = a run on MARAIf BTC continues a bullish course then I think we can expect to see MARA in very good standing. I have also identified a previous pattern worth noting. Conditions aren't identical but perhaps close enough to cause some excitement. Not financial advice, DYOR. by ChartProphet11
MARA Trading Levels 5/31Outlook -- Broke below the 9 ema yesterday and rejecting it again today. Ended the day with a bounce off the 21 ema and stoch is at a resistance level. 20 must hold for any upside or else the downside targets are in play. Upside Targets: *21.13--22.46--24.63 Downside Targets: *19.32--18.50--17.56 Daily Trend Tracker - *DXY+ *VIX+ *US10Y+by QuantumEdgeAnalytics1
Mara cup and handleThis long-term Mara cup and handle is looking ready to explode, the consolidation and downward movement has expressed itself fully at this point. The reversing stochastic RSI is hopeful and BTC is in a heavy contraction as well. This cup projection extends to about a 55$ share price but does not take into account any share dilution.Longby Apollo_CB6
You better hold you lil bi*chhaha I think this holds. If it doesn't that means CRYPTOCAP:BTC is going to low 50s and we are headed for recession and doom. Wednesday's meeting is make or break. Make the market gods be with usLongby Nevrose2Updated 0
Market update- Mara & BTC focused.Not typing anything. Watch the video. Not sure why I need to have a certain amount of text for a video idea. But oh well. Filler text: gerhkfgrhkfewhjklfew bhnkgwerbhnkgrwhjkng njgrwknjlgwre 20:00by TrendLINEBoys0
Divergence for many V3 - Divergence IndicatorIndicator's script runs multiple momentum oscillators against price to seek out divergence. If any oscillators show divergence, chart will populate icon with number of bullish or bearish divergence alerts.03:24by CHART_GUYY1
Marathon Digital Holdings (MARA): Bullish Divergence SignalsMarathon Digital Holdings is heavily influenced by developments in the cryptocurrency market. Despite this dependency, significant indicators on the RSI chart show repeated divergences. These divergences have previously resulted in substantial price movements and could potentially do so again. Currently, we have identified a bullish divergence on the daily chart, with the stock holding above the High-Volume-Node (HVN) Edge within a trend channel. These correlations suggest there could be enough momentum for the stock to retest the $34 level, which we consider a minimum target. Marathon's stock is known for its rapid movements, meaning it can quickly move up or down. Should the stock move upwards, it could swiftly surpass the $34 mark. However, we must also consider the presence of equal lows on the chart. These equal lows are often a point of concern as they indicate significant liquidity below them, which the market tends to target. Therefore, it is possible that we might see a dip to collect this liquidity in the coming days, weeks, or even months, potentially bringing the price back to the trendline. In the worst-case scenario, the stock might drop to the High-Volume-Node Point of Control at $9.67 before resuming its upward trajectory. Despite this risk, we believe that Marathon has substantial upside potential in the coming weeks. The confluence of bullish signals and strong support levels suggests that the stock could see significant gains if the bullish divergence plays out as expected.by freeguy_by_wmc6
MARAthon to Success: Chart Indicates Long PositionThe annotations in the chart convey all the essential information about the technical situation in MARA. The stock is a clear long for us. However, we advise waiting for a small pullback to around $18.30 before entering. The price is currently overbought, and to optimize the risk-reward ratio (RRR), traders should wait for a slightly more favorable entry point.Longby OchlokratUpdated 10
⚒️ Marathon Digital ⛏️- Record BTC Production of 1,853 BTC in December and 12,852 BTC in 2023 - Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s - BTC Holdings Now Over 15,000, Total Cash & BTC of $1.0B as of December 31, 2023 Sitting on a 15 dollar average on MARA with my latest add. About what I like to see on a algo target hit (small retracement before consolidation and other push higher). I'll put some Hopium bids under the pivot in case we can get a retest before higher targets; I'll also consider adding if we just go sideways here. Marathon has plans to get to 50 exahash and plenty of cash on the balance sheet for expansion. Any sell off is opportunity to increase your share holdings. Last cycle miners lagged BTC, and MARA was one that actually put in a second high like Bitcoin while other miners put a lower high. Fred Thiel is a solid CEO, and is looked at as a leader among the other Bitcoin mining companies. With more Bitcoin on their balance sheet than the exchange Coinbase, they are certainly no joke. And I would argue a better miner than RIOT, in terms of production. With global hashrate expected to increase substantially this year, I don't see a more clearer play than Bitcoin miners. God Speed gentlemen. See you at the top ✌️ Hopium Fills : Teens Targets for cycle top : 140-180s (3rd wave), 300 Algo targetLongby AvenueWorkUpdated 363661
$MARA - Watch that critical resistance areaNASDAQ:MARA Marathon digital run into resistance. Watch $22 - $23 critical resistance area for a potential breakout. 👀 $20 looks to be a new support. by PaperBozz3
Mara target @27Inverted Head and shoulders with strong breakout , increase in volume noticed with positive divergence on RSI Longby sherife_2004296