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$MARA Holdings (MARA.US)$ the daily chart looks pretty weak ...

$MARA Holdings (MARA.US)$ the daily chart looks pretty weak I'll describe it as shit to be blunt the weekly is still holding up pretty good there's a very long trend line of 250 day moving average that is a long-term trend line that's still intact and Mara has traded through this 250 day multiple times this past year but not by a lot by 50 cents by a dollar intraday and then it recovers within the next several days.
so if you are a Bitcoin bull that's the first question you have to ask yourself
if you believe that Bitcoin will be significantly higher this up and coming year, that's the next question you have to ask yourself
and most importantly if you believe that Donald Trump and his administration are pro Bitcoin and if you believe that he is going to do something because he said the United States will do something we have to be first with crypto.
so if you believe all three of those then you can begin to nibble at the stock at these points you can sell puts against the stock which is what I said earlier today and if you did that you picked up a decent premium before you got a little bit of a reversal upward in the stock price
you can buy the stock here and sell calls against it for Friday's expiration and pick up a little bit money due to the volatility that's in the market right now
don't blow your balls buying all your position here because it's very possible we are going to have another shitty day tomorrow probably on the open and then we might have an event happen something during the week and I don't know what it would be it could be some political or economic event that triggers a very bad open. and if that's the case that's where you're going to want to add to your position on weakness.
you can also look at coinbase and there's a 2X leverage ETF that if you can stomach the volatility it's right around $37 it was 35 earlier if Bitcoin recovers to and sets new highs in January because of President Trump we go 108 110 that coinbase leveraged ETF is going to be mid upper 60s probably low 70s
$MARA Holdings (MARA.US)$ the daily chart looks pretty weak I'll describe it as shit to be blunt the weekly is still holding up pretty good there's a very long ...
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  • 10baggerbamm OP : as a follow-up right now it's 3:15 in the afternoon if you look at the volume today it's extremely light there's a lack of liquidity across the board in a lot of stocks so the movements are magnified it's because you have tax selling taking place today tomorrow the two last days of the calendar year and the institutions are not stepping up to buy right now.

  • TinkerB3ll : Agree in any case Mara just doesnt follow BTC, certain days it just run up with no reason the next drop all the way. But highly manipulated but guess retail like us need to be careful. Happy new year my friend!