Verge over sold - new 5 wave starting? target 3200 satsRight now, everything is on sale as the cyrpto market corrects.
For now, Verge has found support at the .382 level (800 sats) and if this is the end of the correction (possible) then we should begin a new 5 wave impulse that reaches 3200 sats or 1.618% of the previous high of 2000 sats.
However, if Bitcoin corrects further, down to say $8000 (or I'm even seeing calls of $6k in chat now) then verge could drop lower to the next support.
Heck of a buying opportunity today.
Mcafee
Mission Impossible: Wraith Protocol -or- Sell the NewsThis is a crucial moment for XVG right now. Their credibility is on the line. Wraith Protocol is make or break. If you're in, you're in. Next day or two will be major swings either way, have stops in place or face heavy bags. This chart is more of an events timeline than a TA. I'd love some other input here. time will tell.
For me, I'm HODLing what I got, but im certainly not gonna get any more at this moment.
See attached chart "XVG Awakens" for my previous Verge TA.
$RDD? What does the future hold for ReddCoin? McAfee Magic?Here is some Trend Analysis on RDD
What we know & Why:
Downward Trend (MACD Indicator)
It's been pumped ( Mcaffee Magic)
What we don't know:
If the pump is done
When the dump begins
Indicated on the chart are the levels for possible gains for anyone brave enough to ride the wave down. Goodluck and happy trading!
What are your thoughts?
Please comment below :)
TX Oversold after McAfee typos, quick returnsMcAfee tweeted trx, some bought tx by mistake and forced an oversell. First target is 15% gains and second is 30%. Doesn't get much easier than this.
The *$McAfee$* Effect on Crypto- $DGB Digibyte Super Pump $$$The *$McAfee$* Effect on Crypto- $DGB Digibyte Super Pump $$$
Well would you look at that vertical rocket ship soaring above and beyond. Insane rapid pump! John McAfee really is quite the celebrity with a huge following and strong influence in cryptocurrency. How he got to have so much influence over prices? I'm not so sure... Maybe newcomers listen.
I think some of you may be keen on trying to follow these pumps. May or may not be a good idea, just remember that such massive rapid pumps usually dump as massively and rapidly too. If that time comes, just be sure to not be caught with your pants down! Manage your risks, set stop losses, and enjoy the quick profits!
Meanwhile the whole crypto market is enjoying a sea of greens! Quite the recovery from yesterday (Friday)'s bloodbath. Hope you bought the dip in where I defined as an optimal long entry area! Linked to my previous post on Bitcoin optimal entry at around $11000 usd.
Have a great weekend yall :)
MGTI - Just completed 5 wave up to ATH. Now on 5 wave downMGTI achieved a share price of $8 this morning on heavy volume. $8 is the 161.8% mark of the previous high set in 2016.
Driving factors for price decline:
Extremely overbought levels.
BTC price currently under attach by BCH and in decline
Already in progress.
Expect to see a 5 impulse wave correction. Buy level $4.10 to $3.83.
Predicted price in January 2018 -- $10.63 -- target price assuming the chart is correct :)
A quick note on the decline of BCT and it's effect on MGTI's price. The truth is MGTI makes matter regardless of what the price of BTC does. Price goes down, difficulty goes down and they mine more coins. Price goes up, they sell the fewer coins for more money. They can mine whatever is most profitable which makes them a hedge in the Bitcoin Core vs Bitcoin Cash war taking place. (BCH wins. Its happening rather you like it or not)
MGTI is a long term buy -- but you can buy shares a cheaper price in the coming days.
Good luck!
Bitcoin Cash & McAfee FA moon timeBitcojnCash has been winding up for ages now, new moon helped it pop?
when bitcoin costs over $60 to send from Exodus u know it aint working right
for all those who flipped to BCH already congratz
take your profits at 2500, 2800, 3300 respectfully - SL 2000
oh we take tips in BitcoinCash too (its cheap to send tips in BCH!!) BCH: 1N5Sk1UTBM5anc9PpRxtdsmvZ9defCfuEw
twitter.com
McAfee: “In the next 3 years, Bitcoin Cash will win…whether you like it or not.”
MGTI - Double before EOY. Moon in 2018MGTI is the largest miner of bitcoin in the U.S. but only a portion of their total rig count is up and running. MGTI will have 4700 mining rigs Q1 2018 with approximately 3500 up and running early January.
Chart indicators:
1) Massive Cup+Handle Formation
2) Triple Bottom
3) Falling wedge / Handle
4) Q3 earnings come out Nov 9 (likely after hours). The earnings will show gains made by the company as they expanded their bitcoin mining operations in Q3 and Q4.
Q3 should give us a "taste" of what to expect in Q4 followed by Q1 2018 which will probably be the mother lode as they'll have all 4700 rigs cranking out coin by then.
They also have the plays on Sentinel and the privacy phone but I don't really care about those. I'm all about the mining.
Look for $5-6 by January and $12-15 summer 2018.
Buy now for less then $2!
MGTI - Massive cup+handle formation. Breakout eminent. MGTI - Could MGTI be the 2017 equivalent play of buying Apple at $20? I think so.
Take a look at my previous chart for the case behind why MGTI will break out and will trade over $10 in 2018.
The earlier chart focuses on the past few months, this chart looks at May 2016 through November/December 2017 to show the broader trend at play.
You can see there's a massive cup & handle that's formed and we're currently finishing off the handle phase. What typically happens to a stock at this phase? It reverses!
Both the long term and short term (3 month) chart have all of the pieces lining up.
MGTI could decline further down to $1.30 support level by the end of the week due to relentless short pressure all though they seem to be running out of steam.
Next week however its game-on. Q3 earnings the week after that. Its a foregone conclusion that Q3 earnings will show a substantial improvement over Q2 thanks to the addition of 600 mining rigs that were deployed mid-August. MGTI immediately sells bitcoins upon their creation.
Expect to see $5-6 by EOY on MGTI assuming BTC continues its march to $1 million per bitcoin. (Hint: It will).
2018 expect to see $12-15 or higher come summer.
MGTI could very well be a billion dollar company in the coming years. I see great things in store for longs, you just have to get through the crap first.
Price has been hammered by short sellers and profit takers. Fast cash went into MGTI and has been coming out ever since. Fast cash will once again flow into MGTI, especially on positive Sentinel news next week but in my view BTC mining alone is enough to take this company to the moon.
MGTI - About to begin wave #5?We're completing the 4th (corrective) waive right now. A perfect storm is on the horizon and MGTI is about to reverse and head to the moon.
Here's why:
1) Notice how we're stick around key Fib levels.
2) Support $1.91 - also the bottom and we'll go up from here.
3) Increased institutional investment; 16% of shares currently.
4) Huge gap between BTC price and MGTI share price that began 10/2/17. GBTC has also diverged all though has done better in the last 2 trading days.
5) Sentinel begins shipment Nov 1. McAfee twitted they've been working hard on sentinel and will update share holders next week.
6) 2017 Q3 earnings comes out Nov 9 or Nov 15th. MGTI deployed 600 mining rigs mid-August. Expect EPS to reflect marked improvement over previous quarters.
7) MGTI will have full deployment of 4700 rigs and another 50 rigs mining Etherium by Q1 2018. That's 60 peta hash. Expect share price to be $5-6 by this time.
8) $12-15 share price summer 2018 based on continued bitcoin price appreciation and expansion of mining rigs and investment partners to MGT.
Lots of good things coming, why is the stock so depressed? In a nutshell, Bears & short sellers are relentless and the proof in earnings isn't released yet. Didn't help when the CEO sold 100K shares at 2.75 on 8-28 and a director sold 100K shares at the top for $3.85 (or 3.95) on 8/30.
But then again, can you blame them?
I am LONG with MGTI. This has already been a top performing stock of 2017 and I think 2018 is going to below everybody out of the water.
$MGT Looking Very Bullish After Appointing McAfee CEO / (EW)www.cnbc.com
I decided to analyze this stock after hearing about McAfee being appointed C.E.O. and the massive gains that were made that day. On the monthly chart it appears that MGT19.69% may have just completed a double zigzag pattern or possibly a triple pattern (which we can't see because of the 10 year gap in public trading, I've also hidden the data prior to 1995 because it is not relevant to this pattern due to the time gap). If it is a double pattern that would imply up to an 80% retracement, if it is actually a triple pattern then it would imply up to a 61.8% retracement, but it would also mean that the pattern started from a much higher price. For now since we only have consistent data going back to 1995 I am going to just assume that 80% is the max target. Now this obviously means that this stock could increase up to 200,000% from 1.5, so a fortune could be made from just a small investment in this stock . The risk to reward here is very very good. You may lose everything if the company some how went bankrupt (which is unlikely) but the gains of 2000x whatever you put in makes this trade well worth the risk so long as you do not risk too much of your capital. Even if it only gets a small retracement it is still going to be a very large gain because it is at such a low price as of now. It may take a couple of years to finish this retracement but it is very likely to grow massively if this pattern is correct.
Breaking the 0-B trendline as quickly as it has is also a good sign that this will continue going up for at least a few months. The Elliott Wave pattern seems to fit very well. Being that this is the 2nd largest bullish monthly candle that this stock has ever had (and its only the 12th of the month) it is very likely that this is a significant bottom. The yearly candle looks very bullish as well. The momentum on the monthly chart is a massive bullish divergence and has been waiting to play out, I think that it's finally time for it to start gaining some bullish momentum.
McAfee and his expertise in computer security gives this company a competitive advantage in their internet-based applications. The indicators look great and the fundamentals have just had a significant change, this could be a formula for a massive trend change. It will definitely be interesting to see if this count plays out like expected.