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MFT

MFT - Mainframe - Retesting supportNot financial advice. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. MFT had a good rise and fall and we are about to retest this. Retesting support is an important part of a market cycle and we're getting close. There's a chance that we will drop a little more so there's plenty of time to get a good trade setup here. The question is if you enter, where will you go and exit. Here's my thoughts on that: 1. A lot of this depends on where the "bottom" is on the retest but a trend based fib (look at the white trendlines) shows a 100% extension at 109. 161.8% at 129 and finally 261.8 at 161. I don't believe it'll get that high just for the record. I'll take the small trade and move on. 2. Fibonacci on the internal rise and fall (outlined in green) shows we just hit the 78.6 and the 88.7 is at 74 which would be a great risk/reward setup. I've got my entry right in between this at 75 satoshi. 3. The larger structure (outlined in yellow) has lots of confluence at the following level when compared to other fibs outlined above: 127-129, 160-161. Those would be a dreamer target. If you can get an entry at 75 and an exit at the 100% extension you are looking at potential 45% reward while risking about 7%. The risk is a bit greater than I'd like. You can try and get a lower entry with same stop loss to mitigate risk a bit. I don't expect this trade to hit for a few days but if BTC is going to take a nose dive soon, I expect this to touch when that happens. Trade safely friends! <3 -CE-
MLong
by bitdoctor
MFT/BTC may be long OpportunityMainFrame (MFT) seems very bullish, it jumped from 77-100 in no time, this coin has a good community, I can see thi might hit 130-150 range when bitcoin shows any kind of bullish, Since its touched 100 sats couple of times, the bulls are ready to take it soon, since there a Main platform release on 15th of Feb and Initial platform release on 31st march or earlier. Not a financial advice, just my thoughts, it might workout or might not...!! long live crypto #peaceout
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by sriz16
MFTBTC to hit 103-104 satsWe should see the 90 sats breaken with intention in the next hours or incoming days. Price should stay above 85 sats. Jan 20th we saw a the 30ma resistence finally breaken with volume and decision, that was the first indicator to watch. Rounded bottom is pretty clear, plus small corrections have been with less volume that upward moves, which is another sign we must follow. MFT has some good news incoming, which may be used as an excuse to pump the price. Note that most of projects are still dead and unliquid, so market tend to drive atention to those who are moving and focus on them. Which ultimately may lead to an overbought situation.
MLong
by Criptojey
Magnet mode overview for Mainframe! MFT/BTCWe are going to look at Mainframe for a middle - long term: MFT/BTC hit the bottom line and a reversal trend a reversal trend is about to happen We are now in the accumulation zone The big volume gave as another strong signal for a trend reversal The risk reward ratio is awesome: Trade: MFT/BTC Buy: 88-93 Targets: 1. 140 2. 160 3. 184 Stop loss: below all time low 70 If you want to frame something, then you should frame Mainframe! Disclaimer : My ideas are never financial/invest advice! For a favorable outcome, make your own research! Don't forget it's all about patience and positive thinking! Feel free to share your thoughts on the comment section below. If you like my idea, push that like!
MLong
by trade-crypto4ever
MFT - First impulse complete - Starting Second SoonNot financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk. MFT sure had a heck of a day yesterday so what does that mean now? I've got a few pieces of data to look at which are going to be important to determining the future of MFT in the next 6 weeks : 1. We finished consolidating a falling wedge. We broke out of it and found support outside of it. That was bullish case number 1. 2. We moved sideways and consolidated for several days, printing bullish divergence 4 times throughout this phase (noted with the purple P). 3. We had an increase in volume on January 8 followed by even more volume on January 9. Increasing volume are key components to sustaining bullish price action. 4. A few days later, even more volume. A week later, more volume. Yesterday? More volume! 5. Side note, beware of the rising wedge and trade the breakout. Trading inside the wedge is fairly risky as it could break down and not up. We are going to retrace a bit. We're trading at the top of the bollinger band on the daily timeframe so likely a pullback is going to happen today. I'm betting we'll print a red candle today, some kind of a small bodied doji tomorrow and maybe the following day but look for the return of volume. If you're holding any MFT, kudos to you. Here's where I believe we're going to find the most resistance : 1. 106 2. 115 3. 127 4. 140 I expect the most resistance to be found at 127. If you look at Oct 2, 4, and 21st you will see major resistance there. Massive volume broke through it on Oct 23, followed by newfound support at 127 on Oct 27.
MLong
by bitdoctor
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