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: Bowl
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: B grade First Test long of 24.5
Confluence: Half $, VWAP, 1m-jL, PM Level
Strike Zone: N/a
Sizing (lots + emergency): 250
Risk (stop / Rs): Hold below 24.5 / BTC weakness
Review / Lessons Learned
Huge mistake here... price action on BTC and MARA just didn't feel right so I played safe and cut according to gut feeling. Saw the cut right at VWAP in hindsight and started shaking my head... -0.25R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-01-12 10:29:06 | MARA | buy | $24.560 | long |
| 2021-01-12 10:29:06 | MARA | buy | $24.558 | long |
| 2021-01-12 10:32:16 | MARA | sell | $24.450 | long |
| 2021-01-12 10:32:16 | MARA | sell | $24.450 | long |
| 2021-01-12 10:32:18 | MARA | sell | $24.450 | 0 |
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