$MARA Setting Up for A Huge Move?

This stocks price action has been subdued far too long after they sold shares to investors but should be moving more aggressively alongside Bitcoin, being the second largest holder of BTC in its treasury.

Price appears to have completed an awkward wave 1 potentially a leading diagonal with wave 2 now underway while price is under the daily and weekly 200EMA. Wave 2 target is a little bit lower in the Fibonacci retracement golden pocket and major High Volume Node support $13.19.

Daily RSI has made its way lower currently showing bullish divergence. If the count is right wave 3 should be hard and fast!

Bitcoin stocks have all had a decent retracement causing me to upgrade my Elliot Wave count to a completed macro wave 1 with wave 2 now underway, suggesting the best returns are still to come over the next months for this category asset class in wave 3!

Analysis is invalidated if we go to new highs above $21.5 or lose $9.85

New long signals are certainly building in the DEMA PBR and Price Action strategies so keep an eye out on the Trade Signals Substack as we have made very food profits lately in these markets!

Safe trading