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
-Jan 11 2020: UK FCA bans cryptocurrency on Jan 6
Technical Analysis
-SPY pattern: Mountain
-Intraday pattern: Consolidation
-Other notes: High range compared to other BTC names today
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long of 24
Confluence: Whole $
Strike Zone: 24.25 - 23.75
Sizing (lots + emergency): 250
Risk (stop / Rs): BTC weakness
Review / Lessons Learned
Had to cut because MARA was being pinned down to the 24 level while BTC was still weak and going down, took -0.5R loss
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-11 13:56:31 | MARA | buy | $24.230 | long |
| 2021-01-11 13:56:31 | MARA | buy | $24.220 | long |
| 2021-01-11 13:56:31 | MARA | buy | $24.240 | long |
| 2021-01-11 14:02:59 | MARA | sell | $24.060 | long |
| 2021-01-11 14:02:59 | MARA | sell | $24.060 | long |
| 2021-01-11 14:02:59 | MARA | sell | $24.060 | long |
| 2021-01-11 14:02:59 | MARA | sell | $24.060 | 0 |
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