Good morning, it's a peachy 5 20 a.m. Here in uh minnesota in the states i got up at three per usual just so i can enjoy looking at a chart for a couple hours, maybe a little depressing. But what is up? Everybody welcome to trade trades. We have technical analysis on different stocks in the stock market, as well as potential buy, hold or sell opinions on these.

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You'll know it's not me because it doesn't have that great box around his name, don't buy his crap. Don't call that number uh report the account if you can we'll be cooking with absolute bacon grease. So today we're going to be giving a analysis on ticker symbol. M-A-R-A mara marathon patent group incorporated and i have covered this stock in the past.

This is a request from a patron over the patreon. I think his name was by the dip, but uh we're just gon na give a quick rundown on this. So, let's take a quick look at the one month chart we'll discuss some different indicators. I've pulled up the rsi, the relative strength index, which is anything over 70 being overbought anything under 30 oversold.

We have the 200 ema, the exponential moving average, and this is just a 200 day. Average trend line based on price action over 200 a moving period and then the 15-day vomit the volume adjusted moving average is an average trend line based on price action over a 15-day period, and then it does take into consideration the overall volume and adjust the trend Line accordingly, so we'll look at that, we'll look at both levels of support and resistance, potential entry exit points just to be completely transparent. I do not have a position tomorrow. So i'll say it just straight, as i see it, how the charts are looking uh.

What i think is going to happen in the future, we'll level off some entry points exit points, midterms, a long term investments uh we'll talk about what the company is. I've got a couple: different websites pulled up uh and then we'll look at this on a one-day one-minute chart and just talk about it there. So, let's just pull up the website, really quick and take a look at what mara is. It is a digital asset technology company which mines crypto currencies with a focus on the blockchain ecosystem and the generation of digital assets on stock twitch.

It does have 66 000 followers message: volume is down, sentiment is down, price is actually still up pre-market we're down a little bit, but i just want to give a quick rundown on why we may have seen the the patent group stock come crashing down. This is posted on january 13th, uh 2021, so shares of bitcoin mining company marathon patent group came crashing down on wednesday after the company announced a 250 million dollar stock. Offering the immediate issue here is shareholder dilution, but the massive move could hold clues to the future of the company. As of 12, 30 esc marathon stock was down 15 and if you're a day or swing trader right, uh an offering, obviously doesn't interest you, but as a mid to long term investor.

If you believe in bitcoin the future of bitcoin and mara as a company, uh you're gon na be sitting okay with that offering if anything that was an opportunity for you to load the boat and really uh really crank down some shares on this and guys. Honestly, a 15 correction is really not that bad. If we look back one two, three, four, five, six, seven, eight nine days ago, this stock was trading at eleven dollars and we capped out at thirty dollars. That's a two hundred percent run up in four days.

That's filthy, that's absolutely disgusting, oh man and i did not get into the stock um. It was brought to my attention by a couple people, but i'm not gon na lie. Cryptocurrency scares the living crap out of me, um, just like tesla scares the living crap out of me. That's a whole different video, but um.

A fifteen percent correction after two hundred percent run up is healthy. That's not bad whatsoever, and this is a way for the company to really back up its financials and grow for the future. So if you believe in mara, you believe in the future of uh crypto mining uh, this company does not look bad right now and honestly, we'll run through some of the different things on the charts here, but there's still bullish territory. Macroscopically speaking, i see no reason to believe that there's a trend reversal coming, i mean we have seen a little bit of a sell-off in the last two days right.

If this trend continues, you may see a gap down here in the in the pre-market, but it doesn't really look like it right when we've seen those gap, downs previously they're, pretty harsh, and we haven't quite seen that yet so um i do think we're actually sitting All right right now, this doesn't look that bad to me, so we'll just run through some levels of support and resistance, really fast we're currently looking at support right around 23.43. This isn't a very strong level of support. I don't like that a lot, but the next level that i do like to see, because we do have quite a few candle wicks touching this one, two three, four: five: six, seven, eight nine! This is a strong acting level of support. It's twenty dollars and eighty eight cents now, if you do see a drop through twenty three forty three, i think twenty eighty eight is gon na, be the next stop for this stock um.

So if you're looking to enter that's going to be a perfect entry point for you, of course, i can't guarantee it's going to do that right. It may start a bullish run, it's kind of in a loading phase right now. Let's go a couple different ways: we've got a little bit of you know: consolidation happening right now. So if we draw a downward trend line here - and we pull this chart over to the side a little bit and continue into today - and we draw a trend line up from the bottom - we have a pretty solid funneling happening right now, and this is just confirmation To buyers of price action, and when you see this consolidation, what it does is, it tells buyers, okay, this stock, that correction is probably over it has it has leveled out.

I feel pretty comfortable getting into this because i don't think the risk is very high for it to continue to drop right and the closer. We are to this top trend line, the better uh, the more likely they are to see it push through. If we do see a push through the trend line today, you know anywhere between 25 50 and 26 dollars. I think it's possible that we retest some previous highs here near 30.

You know 28.95. Now, i'm not saying that's gon na happen right. We are currently on a three day downward trend a little bit right, so just keep in mind the microscopic um perspective on this, but macroscopically speaking, this stock is still growing and i think investors, not traders investors. Looking at that offering are thinking.

This is a good thing for the company and i guarantee you what happened when the stock plummeted like this, it dropped 15. There were people loading, the boat, and you can see that with this huge green candle right here, people are going to set it and forget it: they're not going to think twice about mara if they believe in this company as a mid to long-term investment, because the The potential is, is there for it to keep running if it uh continues the growth that it's seen right? This was a i don't know how long ago it was a penny stock, but i'm pretty sure this is a penny stock. Not that long ago, yeah eight bucks, so it went from eight dollars all the way up to almost thirty dollars. That's absolutely disgusting! I can't believe that, honestly, the volume is insane right now the volume is looking absolutely nuts uh and we did have that crossover on the 15 day vomit over the 200 ema and honestly, if this was on my radar, if i wasn't scared the death of cryptocurrency, I probably would have brought this to you guys attention for an opportunity to get into this.

This run up here because this to me is always an indicator of a run-up and on the flip side, if you see the uh, the 15-day, vomit crossback, underneath the 200 ema and i'll draw that out. Just so, you can visually see that if you see the consumer, the 200 dma draw something like that and we see another harsh selloff today right, you see the 15 day vomit cross, underneath that that 200 ema and you can confirm it just by labeling it with This little circle right here. That is an indicator to me that the stock is in bearish territory, and that is the perfect time to buy. If you catch this at 20.88 and you believe in the company, i'm not personally going to develop a position tomorrow.

But if you see that happen, it is a good opportunity to get into the stock or average up on your position if you believe in what the company is doing long term now, i do want you to be aware of the dangers of investing in cryptocurrency. Make sure you do your own due diligence? That's there's a reason, i'm not in it. It scares the crap out of me. I think we're we're investing in the idea of crypto and i'm probably gon na get some hate for that in the comments but um.

It's not the current currency right, oh man double double up uh, it's not the current currency, so you know we do still use the american dollar, and one thing i think is interesting. You know there is potential with cryptocurrency. I don't know whether it's going to be bitcoin, but obviously mars is not a bitcoin uh they're, not bitcoin itself, they're, just a crypto mining company, so i guess the potential is there for them, no matter what but um the american dollar depreciates in value every year, While cryptocurrency is increasing in value, so that is something to keep in the back of your mind. It is interesting right um.

So if you do see that happen, i think it's a great opportunity to load the boat. The volume is still looking pretty high. It has kept a lot of the traction that uh, that is honestly man. That's filthy.

I can't believe that i think there's a lot of people interested in this company. Honestly, it's just a lot of green bars. We had a couple of sell-off periods, but you know when we see this huge run-up right here and then the sell-off. I don't think it was a pretty massive sell-off.

Honestly, i think there's a little bit of mm action happening here, market maker - i i don't want to say they're manipulating, but that's a pretty steep uh, that's a pretty steep drop for the amount of volume that we saw pump into the stock. So i don't think uh. I don't think that was that 15 is honestly pretty light. That's not really that bad, but i think a lot of people still have their money in this.

I think we are still looking at investors that are in mara, not not so much swing, traders or day traders. I think the opportunity here is pretty solid for mid to long-term investors. So that's currently what we're looking at you're going to want to watch for a push above that that trend line 25 50 to 26. Then i think you're going to be looking at a retest of that 29 mark.

If we change it to a two-day chart, real quick and a one-minute frequency we'll take a look at some confirmations and uh. We did have a cross under on the 15-day vomit underneath the 200 ema, which is a bearish sign, and you can see we did have a pretty steep sell-off. This is looking a little bit like a head and shoulders pattern, so i will just point that out right now. This is one head right here.

I drew it absolutely backwards. Now, that's a shoulder right. There we've got another shoulder right here and then the head is right here, so that is a bearish time we did see that come to fruition did take off pretty hard, but we did have you know a triple bottom right here. So that is something to keep in the back of your mind: um, that's typically a sign of a trend reversal when you see this triple bottom, like that, it's a it's an indicator of weak selling pressure and if we zoom in on the candles here, let's take A seat quick, look, not very long wicks, but you know we did have a nice bounce back.

It was pretty harsh buying pressure back up and then we do have that double bottom uh. I call this a w for george w bush w for winning and a double bottom like this, or the w formation is typically a bullish indicator. So we did see a little bit of a trend reversal, leading into the rest of the day on the price action. We did have this is looking kind of like a small head and shoulders, i'm not quite going to label that but um looking at the pre-market right now we are down a little bit.

We are seeing a little bit of a gap down followed by some recovery. The vomit did cross over the 200 ema leading into today, so you're going to be watching for the same thing on the one day chart and that could be an indicator of a trend reversal, microscopically speaking uh. I find that that is the best indicator to me. Then watching the rsi right.

So if you see a lot of pressure pushing on 70 a lot of overbought territory, that's probably a good indicator to either the bears are taking control back on the stock and that's what i'd be watching for so uh. That is what we are looking at with ticker symbol, m-a-r-a mara marathon patent group incorporated, if you guys enjoyed the video, please drop a like. It really does help support the channel and consider subscribing if you'd like to see more content like this and lastly, i do have an affiliate link in the description box down below for tubebuddy. Now.

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Thank you for watching my friends and i will see you all next time. Peace.