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: Bull Flag
-Intraday pattern: Consolidation
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long of 22.5 level
Confluence: Half $
Strike Zone: 22.6 - 22.4
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 22.4
Review / Lessons Learned
Risk was wide here since I would have added as it pushed down on more volume. 1R on starter lot
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-07 11:45:29 | MARA | buy | $22.630 | long |
| 2021-01-07 11:45:29 | MARA | buy | $22.626 | long |
| 2021-01-07 11:45:29 | MARA | buy | $22.630 | long |
| 2021-01-07 11:47:11 | MARA | sell | $22.940 | long |
| 2021-01-07 11:47:20 | MARA | sell | $22.950 | long |
| 2021-01-07 11:47:31 | MARA | sell | $23.030 | long |
| 2021-01-07 11:47:50 | MARA | sell | $23.150 | long |
| 2021-01-07 11:48:06 | MARA | sell | $23.020 | 0 |
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