Shared by
beno
Fundamentals
-Float = 45M
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
-Jan 04 2021: Done $200M ATM
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Other notes: Very strong price action today
Strategy / Confluence / Sizing Guide / Risk
Strategy: A grade FT-15 long of 11.8 and 12.4
Confluence: VWAP, 1m-JL
Strike Zone: 12 - 11.8 / 12.5 - 12.2
Sizing (lots + emergency): 1000 - 2000
Risk (stop / Rs): Hold below 11.8
Review / Lessons Learned
Best trade so far this year, liked how I really leaned into size and kept adding as the reason to long was only getting better (BTC breaking out and rotating higher). +10R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-05 11:12:20 | MARA | buy | $11.880 | long |
| 2021-01-05 11:12:20 | MARA | buy | $11.880 | long |
| 2021-01-05 11:12:20 | MARA | buy | $11.880 | long |
| 2021-01-05 11:12:20 | MARA | buy | $11.880 | long |
| 2021-01-05 11:15:25 | MARA | buy | $11.930 | long |
| 2021-01-05 11:15:25 | MARA | buy | $11.929 | long |
| 2021-01-05 11:15:25 | MARA | buy | $11.930 | long |
| 2021-01-05 11:15:25 | MARA | buy | $11.925 | long |
| 2021-01-05 11:15:25 | MARA | buy | $11.930 | long |
| 2021-01-05 11:16:37 | MARA | buy | $11.890 | long |
| 2021-01-05 11:20:28 | MARA | sell | $11.990 | long |
| 2021-01-05 11:22:27 | MARA | sell | $12.120 | long |
| 2021-01-05 11:24:31 | MARA | sell | $12.150 | long |
| 2021-01-05 11:26:18 | MARA | sell | $12.250 | long |
| 2021-01-05 11:33:19 | MARA | sell | $12.430 | long |
| 2021-01-05 11:33:19 | MARA | sell | $12.410 | long |
| 2021-01-05 11:33:20 | MARA | sell | $12.410 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:27 | MARA | buy | $12.580 | long |
| 2021-01-05 12:25:50 | MARA | sell | $12.870 | long |
| 2021-01-05 12:25:50 | MARA | sell | $12.860 | long |
| 2021-01-05 12:25:50 | MARA | sell | $12.860 | long |
| 2021-01-05 12:25:50 | MARA | sell | $12.861 | long |
| 2021-01-05 12:26:59 | MARA | sell | $12.930 | long |
| 2021-01-05 12:26:59 | MARA | sell | $12.930 | long |
| 2021-01-05 12:26:59 | MARA | sell | $12.930 | long |
| 2021-01-05 12:26:59 | MARA | sell | $12.932 | long |
| 2021-01-05 12:26:59 | MARA | sell | $12.931 | long |
| 2021-01-05 12:28:29 | MARA | sell | $12.962 | 0 |
Comments
beno
...but I could have held longer as this was the first green day after a week of ATM selling
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Nice hold!