Intermediate Term (2-Day Trend Model) Buy Signal: MARA (49.00) Option: May 21st $50C (11.50-12.00) Fib Targets: $71 - $80 - $100 ----------------------------------------------------------------------- A 2-Day Buy Signal (basis the 2-day price bar trend model) was triggered on the Open. These are usually longer-term signals, the previous one for MARA was back in September at under $2.00. Unfortunately, we weren't following the stock at the time...but we are now. There is congestion just above current levels at $50 (double top from mid-February) and $53 (Fibonacci resistance level). If it breaks through this congestion, the price targets are $71 and then $100. Above that, $145 and $220. Seems absurd, but, if and when Bitcoin breaks convincingly above $62,000, those price targets go from "absurd" to "increasingly likely." Once Bitcoin sails through $65K, expect the bullish run to kick into high gear.
