Shared by
beno
Fundamentals
-Float = 27M
Catalysts / News / Painting the picture
-Jul 27 2020: Bitcoin price sympathy
-Nov 18 2020: Bitcoin price sympathy
-Nov 30 2020: New Bitcoin ATH today
-Dec 16 2020: Structurally significant ATH break-out of Bitcoin price
-Dec 23 2020: Effect on new $200M ATM
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Fade
-Other notes: Using ATM today, tape was very weak compared to RIOT, huge sellers stepping in EOD
Strategy / Confluence / Sizing Guide / Risk
Strategy: Ext. Cap. long of OD
Confluence: Whole $
Strike Zone: N/a
Sizing (lots + emergency): 1000
Risk (stop / Rs): Hold below 12.8
Review / Lessons Learned
This morning capitulation was irrational as BTC price wasn't going down violently. +1.5R on this one
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-23 09:33:26 | MARA | buy | $13.100 | long |
| 2020-12-23 09:33:26 | MARA | buy | $13.096 | long |
| 2020-12-23 09:33:26 | MARA | buy | $13.090 | long |
| 2020-12-23 09:33:26 | MARA | buy | $13.100 | long |
| 2020-12-23 09:33:26 | MARA | buy | $13.108 | long |
| 2020-12-23 09:33:36 | MARA | buy | $12.920 | long |
| 2020-12-23 09:34:34 | MARA | sell | $13.170 | long |
| 2020-12-23 09:34:34 | MARA | sell | $13.170 | long |
| 2020-12-23 09:34:56 | MARA | sell | $13.220 | long |
| 2020-12-23 09:34:56 | MARA | sell | $13.220 | long |
| 2020-12-23 09:35:26 | MARA | sell | $13.290 | long |
| 2020-12-23 09:35:26 | MARA | sell | $13.290 | long |
| 2020-12-23 09:35:26 | MARA | sell | $13.290 | long |
| 2020-12-23 09:35:26 | MARA | sell | $13.290 | long |
| 2020-12-23 09:35:53 | MARA | sell | $13.460 | long |
| 2020-12-23 09:35:53 | MARA | sell | $13.460 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!