Similar to RIOT, MARA also has a large gap that I think will more likely than not; fill.
These stars and doji show that this is 1.272 fib is significant and the recent probe higher is a shakeout reversal pattern I think.
Looking very corrective to the upside.
A 1.618 extension will take it back down passed support and if it can overshoot a little it will fill the gap.
There's nothing to say it cant correctively drift higher but a fall is coming soon for MARA.
Also NDX and BTC looking bearish which should help move things along.
I will start buying and shorting puts (bullish) again at support down to the bottom of the gap.
Not shorting.
Not advice.
These stars and doji show that this is 1.272 fib is significant and the recent probe higher is a shakeout reversal pattern I think.
Looking very corrective to the upside.
A 1.618 extension will take it back down passed support and if it can overshoot a little it will fill the gap.
There's nothing to say it cant correctively drift higher but a fall is coming soon for MARA.
Also NDX and BTC looking bearish which should help move things along.
I will start buying and shorting puts (bullish) again at support down to the bottom of the gap.
Not shorting.
Not advice.
Nota
Also earnings coming up so obviously that could change things. We'll see.Nota
Since Nov '20 MARA has been bearish after earnings. It was only when BTC pumped did MARA have a positive post earnings rally - and BTC and indexes are looking bearish, so its a probability game and I guess it will fall.Nota
When the wise guys are in town get ready for a rug pull.Nota
Did someone say "rug pull" 😸?That gap will fill as I said and could go lower, I'll look into it.
Nota
Shout out to TrueGann and the 4 free lunchers that like his comment. Tough day at the office guys 😅?Nota
Would any more humpty dumpties like to criticise my call before this thing collapses?Might go quite a bit lower i think. We'll see.
Nota
Told yer it would pull back 😅.
Your FA guru can't read a chart💭
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.