A real dealThis company is a Bitcoin mining with a huge volume. Look for upsides and accumulation on deeps. Do your DD!
MGTI
dont know long term but short term i see dipstruggling to cross 41k. want to see how tomorrow it closes. Weekly RSO already at 95+. Daily at 88+. Pump and dump coming
MGTI falling out of the cliff or twisting one more time ? The current wedge pattern could end up in a brutal reversal targetting 0.80$ in the near term if BTC keeps moving higher.
OTC:MGTI
Entry 1/2, BITCOIN SYMPATHY MOVER. HIGHLY MANIPULATEDLow float, highly manipulated. We will see all the pump and dumpers chase this bitcoin run. The first players was CLCI, going up several 100%. There will be many more
Bitcoin Down Big, But OSTK Green. Massive Volume Spikes. LongThe fact that all the other bitcoin stocks are down says a lot about the strength of OSTK. Looks great for an entry today. Medium size, 1/2 -- now
Will be updating with more details
Manipulation Play. High Range, and Sellers Gone. BlockchainWe see some blockchain announcements over horizon with this stock. Highly manipulated with a low float.
Look at that chart!!!
‘424B1’ on 4/16/19
"We plan to use the blockchain technology to provide authentication capabilities for luxury goods, using cryptographic NFC chips and a decentralized marketplace".
Samuel Lim 559,298 20.5%
Chua Kee Lock 535,406 19.8%
Jeff Richards 378,383 14.0%
Don't have time to post all the details
MGTI looks like a good small cap OTC bitcoin play right nowPeople will remember it, and John Mcafee pumped it. Looks like it is starting to breakout. Update with the financials later
MGTI - Crazy Town Good for a FlipOnce known for McAfee entering as a director to help its securities division, then became crytominer, now embattled company in fraud cases. However at these levels could prove a quick flip especially hitting lower weekly Bollinger as well as getting close the the weekly 100 LR.
Short interest picked up a good amount in the last month or two. Could provide some covering in the next week or two of the million or so shares short last month of 75 million. If a squeeze does happen could see a bag or two at $0.149 entry.
the Huncheback is BACK! Bullish Benji here. Bringing you more Bullish action. MGTI is poised for a Yugeeeee Upswing! As you can see by the obvious Hunchback of Notre Dame pattern its reached the Hunch on the right shoulder! This means its very close to a swing up. Will see how it plays out over Easter weekend.
Always bringing the heat, slanging this Bullish knowledge on my fans!
- Bulish Benji out.
MGTI: Mining biz bet$MGTI offers an interesting upside potential here, with small risk. From a fundamental standpoint, maybe the departure of John McAfee from the firm recruits investors, as $BTC prices rise again.
I think we could see this surging by 6 to 24x, wouldn't shock me. As such, I would look into investing a maximum of 10% in this stock, or 5% if more risk averse.
Best of luck,
Ivan Labrie.
Has The Name Blockchain, Going Up 200%No analysis whatsoever needed. It has the name blockchain and hasn't taken off yet. Plus, all the restricted shares have a mandatory hold period until April. Float is only 19 million. .........................................................
................on a side note, it is also a data and cyber security company
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!
MGTI Cup and handle on the weekly chart!If you are one of the many who are looking at the stock price for the largest US Bitcoin mining company and are afraid that after todays 20% move that you missed out. Think again. MGTI is in a weekly cup and handle pattern meaning that a strong bullish move is just beginning. A price target into the mid 4s and higher is not unlikely.
MGTI - 5200 Bitcoin miners Q1 2018. Price is breaking outFinally! I like the current slow by steady growth MGTI is seeing this week. Much better than the insane 6x volume days on no news that we saw Blackfriday.
MGTI announced yesterday an additional 500 mining rigs for Q1 2018 bringing to total up to 5200 by end of Q1 2018.
Monthly revenue estimated to be $4M-5M per month at $14K BTC - holy smokes, this sucker could very well surpass $20 in 2018.
Needs to break past the $2.80 resistance level first. If we break that, it should be smooth up to around $3.20 (next level) and if we break that expect to see 4.26 and even $5-6 if we hit new ATHs.
MGTI cup+handle breakout MGTI has formed a massive cup and handle formation over the past year.
Target price of $5-6 before EOY with a price of $12-15 in 2018, possibly spiking as high as $20+ next year.
Wave 5 completion taking place now?
MGTI is the largest miner in North America and shaping up to be one of the world's largest. Buying MGTI is a great way to invest in Bitcoin because they can mine whatever is the most profitable. If the flippening or cashining happens with Bitcoin Core and Bitcoin Cash, you're hedged with MGTI.
4700 rigs online Q1 2018 that are pre-paid for and being built, delivered and brought online as we speak.
MGTI's stock price nearly doubled from $1.60s to $3.19 between Black Friday and this morning.
+25% on Friday
+35 this morning
Dropped to +10% this morning and currently rebounding at $2.61 (+16%)
INCOMING BCH MOON SHOT - BREAKOUT!BITCOIN CASH - STRONG BUY.RALLY MODE-ENGAGED. BITCOIN LEGACY IN CORRECTION MODE.
Super basic chart.I do not give investment advice. This is merely what I expect to see. Act accordingly.
Long story short - BUY BITCOIN CASH. Expect it to gain .55 to .85% of Bitcoin price this run. The great flippening is happening. Won't be all at once this weekend. Expect a pump/dump after setting all time highs.
The transition from Bitcoin Legacy into Bitcoin will play out over the coming weeks/months. I think its best that we just go ahead and start referring to Bitcoin cash as simply Bitcoin. Expect huge swings as BTC fights to hang on but fails and expect lots of opportunity for profit on the swings!
Hit target is 1.61% of previous high of .45 to .53, depending on the exchange.
The stars are aligned.
Double top in BTC after failing to break $8K again. BTC sliding into correction mode. (Down to 7684 at this time).
HUGE buy walls at .10 on the exchanges. These are Roger Ver and Jihan Wu. We also know Roger loaded up 25K bitcoins last week used to pump/dump BCH.
Expect similar results and a run to new ATH this run!
Target 1: .55
Target 2 . 65
Target 3 .75
Target 4 .85 (1.618% of previous ATH)
BCH Pump #2 imminent - Pause in rally explainedThis is really an update to my previous chart just after the rally.
There is a war going on between BTC and BCH. BCH is going to win however.
Chart: Nice breakout wedge forming and narrowing!
Key support levels of .21 and resistance of .29 due to massive sell walls at .30 designed to prevent BCH from going higher. Read on:
Here's what's going on!
1) "Whales" sich as Roger Ver are in the process of moving "YUUUGE" stacks of BTC (think 25K plus BTC) in order to sell .
2) Currently, there are around 175,000 unprocessed BTC transactions on the network. Users are experiencing in excess of 24 hour wait times on their BTC.
3) This thing is largely driven by Asia and their largest exchange crashed last night causing the crash in the first place.
4) Massive sell walls erected at .30 across multiple exchanges. These sell walls are meant to prevent the price of BCH from advancing beyond .30 while Whales like Ver wait for their BTC to show up and dumping to commence.
BTC Longs - this is the eye of the storm but the calm is only temporary.
Keep an eye on the order book for the cancellation of sale wall orders. Once those walls are canceled, the flood gates will open again and rally will resume.
HODL! (Your BCH. Dump your BTC)
