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: Consolidation
-Intraday pattern: Rug Pull
-Other notes: Clear ATM selling EOD, similar to RIOT action last week
Strategy / Confluence / Sizing Guide / Risk
Strategy: Ext. Cap. long of 11.5 area (prior day POC)
Confluence: Half $
Strike Zone: 11.75 - 11.5
Sizing (lots + emergency): 1750
Risk (stop / Rs): Hold below 11.5
Review / Lessons Learned
Lost a days worth of gains to this one, would have bounced had they not been selling ATM, BTC making new highs and this was going down, clearly MM using BTC in-flows to fill ATM. -10R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-12-30 15:14:03 | MARA | buy | $11.860 | long |
| 2020-12-30 15:14:03 | MARA | buy | $11.850 | long |
| 2020-12-30 15:14:03 | MARA | buy | $11.855 | long |
| 2020-12-30 15:14:03 | MARA | buy | $11.850 | long |
| 2020-12-30 15:18:23 | MARA | buy | $11.680 | long |
| 2020-12-30 15:18:23 | MARA | buy | $11.680 | long |
| 2020-12-30 15:18:23 | MARA | buy | $11.680 | long |
| 2020-12-30 15:18:23 | MARA | buy | $11.680 | long |
| 2020-12-30 15:19:28 | MARA | buy | $11.460 | long |
| 2020-12-30 15:19:28 | MARA | buy | $11.460 | long |
| 2020-12-30 15:19:28 | MARA | buy | $11.457 | long |
| 2020-12-30 15:19:28 | MARA | buy | $11.450 | long |
| 2020-12-30 15:19:28 | MARA | buy | $11.450 | long |
| 2020-12-30 15:20:11 | MARA | buy | $11.420 | long |
| 2020-12-30 15:29:14 | MARA | sell | $11.332 | long |
| 2020-12-30 15:29:14 | MARA | sell | $11.330 | long |
| 2020-12-30 15:29:14 | MARA | sell | $11.330 | 0 |
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