$MARA capitulation, then strong bounce to new yearly highs?
מעודכן
I've been tracking the movement of 
MARA very closely over the past few weeks as I think the setup will end up being one of the best possible trades over the next month or two.
I originally turned bullish on it a bit too early last week, but the chart has become clearer over the past week or so as it hasn't been able to gain any strength.
From here, I think we'll see a capitulation in price over the next week going into the lower support area (buy zone).
From there, I think we'll see a very strong upside move in September that pushes price all the way up to the upper resistance (sell zone).
If you're able to trade it perfectly, it would setup a potential return of somewhere between 2x-3x (hence why I think it's one of the best trades).
Let's see if it plays out.
MARA very closely over the past few weeks as I think the setup will end up being one of the best possible trades over the next month or two.I originally turned bullish on it a bit too early last week, but the chart has become clearer over the past week or so as it hasn't been able to gain any strength.
From here, I think we'll see a capitulation in price over the next week going into the lower support area (buy zone).
From there, I think we'll see a very strong upside move in September that pushes price all the way up to the upper resistance (sell zone).
If you're able to trade it perfectly, it would setup a potential return of somewhere between 2x-3x (hence why I think it's one of the best trades).
Let's see if it plays out.
הערה
Based on the move yesterday, I don't think we see another low. Instead, we should just head towards the upper target.
הערה
Based on the move today, this chart still has the possibility of being correct. Let's see what happens.הערה
If price holds here around $10-10.25, should just head higher.הערה
Welp didn't hold, so still the possibility of this outcome. Next levels down $9.17, $8.73, and then this zoneהערה
Looks like this will end up playing out. Buy area approachingהערה
Bought the $8.30 levelהערה
Now bought a good amount of $10 calls for Nov 17thהערה
We did get the bounce this week as expected. Now next challenge is to make it over that $8.34 resistance, then back above $10הערה
The end of the gray box was a pivot that looks to be the bottom of the move. Price action looking positive now closing above $8.34. Price action should remain positive in the coming weeks. Next stops $10-12, then $15, $19, $25 and then upper targets.הערה
For those that followed me on the calls, you should now be up 300%+ and price is in the money. I plan on continuing to hold these. Price could correct here, but I think we should eventually see higher prices before expiration.הערה
With my options expiration coming up in a couple of weeks, I'll likely exit my position if we see a move to $12-$13 next week.הערה
I ended up cutting my calls/longs yesterday. I don't want to take the risk of MARA going back to $6.84 before bouncing.הערה
Loaded some risky calls here. Bought 30 $9.50 strike 11/10 expiration when price was at $9.47.Looking to exit tomorrow, hoping we see a move between $11-$12.
Again, super risky, wouldn't recommend, but taking a chance on this back test of support.
הערה
If we open in the $9 range, I'll likely take profits at $10.02 should we see it.if we open above $11, then I'll be very happy.
I tend to think that this move is going to get faded though tomorrow -- hence why I was cautious going into earnings.
הערה
If it does get above $11, I'll get out at $11.27.Those are the different scenarios if we open with upside.
הערה
One last scenario after relooking at the charts. BTC just retested a previous resistance as support, if it breaks out towards 
42K overnight, then MARA could have a massive run tomorrow towards $13-$14.That's the final scenario.
Wish everyone luck with their trades.
הערה
Welp so far not working out. I expect the bottom of this move to be around 8.76ish - that's why I got out of my spot positions.הערה
Update here: 
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.