DMGI Hidden Bullish DivDmgi just formed a hidden bullish div on the weekly time frame. Bollinger bands are also getting very tight. Has a higher probability to shoot up rather than down. TA would be invalid if weekly candle closure happens beneath 0.485 price mark. Should give atleast 10% minimum gains if one decides to take a position.
Not financial advice. Follow at your own risk and after conducting your own due diligence.
DMGI trade ideas
DMGGF Blockchain Purchases 1,800 Bitmain Antminer S19 XPDMG purchases 1,800 New Generation Bitmain Antminer S19 XPs for a total hashrate of 1,037 PH/s or approximately 9,500 S19s.
DMG announced the granting of 2,845,750 stock options to directors and employees of the Companyexercisable for a period of three years at a price of $1.20 per share.
So $1.20 is the minimum price target for DMGGF in my opinion
DMGGF Break OutThe most recent candle broke out of the descending weekly trend line and managed to close above the .38 fib level.
The MACD is rising and about to cross and the RSI is still relatively low.
With BTC rallying over the past few days I think DMGGF is ready to move higher.
Target: $1.25 short term
DMG Blockchain SolutionsTo be honest, I have not traded stocks for a long time. I started my trading journey in stocks and quickly moved into US Penny stocks. It was similar to the crypto landscape we see today.
DMG Blockchain Solutions Inc.
DMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise Blockchains divisions. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It is also involved in developing enterprise blockchains; and providing hosting services for industrial mining clients. The company also provides technical expertise software products, such as blockseer pool, mine manager software, and walletscore, as well as consultation services to accounting firms, law firms, and law enforcement organizations. The company was incorporated in 2011 and is headquartered in Grand Forks, Canada.
Sector(s): Technology
Industry: Software—Application
DMG Blockchain Solutions Announces Strategic Investment in Crypto Custodian Brane Capital - some of the latest news.
"DMG’s strategic investment in Brane will accelerate the market traction of both companies and facilitate cooperation on development of advanced blockchain technologies, as well as continued progress toward leadership in environmental sustainability. The relationship between the companies will not affect Brane’s independence as a custodian, which Brane maintains through strict separation from any cryptocurrency trading operations.
Brane currently offers a crypto asset self-custody technology solution for IIROC-regulated securities dealers and is working toward becoming Canada’s first qualified custodian for digital assets. Brane’s leadership team includes experienced executives from finance, technology, and government, including former Bank of New York Mellon Canada CEO Jerome Dwight as President, and Charlie Millar, former Vice President of Content Acquisition at Rogers Communications, as Chief Revenue Officer."
This fits nicely with the weekly stochastic situation;
An interesting stock to keep an eye on, over the next couple of weeks.
Disclaimer
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Considering ALL-IN or nothingQ: This stock is already up 700% in a year and you consider its a great buy? What do you smoke i want some!!
A : Yes 800% for 0,10$-0,12$ is nothing and let me explain why.
1 - BTC was under 10k when that stock was 0.10$.
2 - During the last year, they completed their infrastructure and a lot of people don't buy a company that burn through cash.
3 - People know that company is a blockchains company but nothing else about them. The best is hidden.
Q : That's not enough for me, first i only invest in stock that can do 5x my money, like Carl Icahn, so how can i compare a company with no cashflow with the bluechips pairs in crypto mining market like HUT?
A : That company can do 50x to 100x your money and let me show how i get to 50$-100$ target a share and how to compare it to your favorite blockchains mining pairs.
1 - By the end of the year, they plan to have 2 E hash in BTC mining. If you take the oldest and biggest hash producer miner HUT 8 to compare (sorry its not BITFARM), the plan is to have 1.3 E by the end of the year for HUT.
2 - HUT (Shares : 118,5M) x 4.82 CAD = 571M market cap (Forecast 1.3 E hash by year end in best case)
DMGI (Shares : 164,8M) x 0.88 CAD = 145M market cap (Forecast 2 E hash by year end in best case)
3 - DMGI is set to become THE 'BIGGEST' on in the top list of Bitcoin miners by end of the year, depending on others company investments. This is a company of tomorrow.
Q : How can DMGI be innovative and get an advantage on the competition? This is a tiny market as we speak today, and the concurrence is very aggressive on every aspect where 1W = hash power.
A : Others public crypto miners company are using what is called 'Air Cooling'. DMGI will use immersion to cold the miners off.
1 - Immersion is submerging the miners under water to cold them off.
2 - Let's compare the same ASIC miner using immersion now instead of air cooling :
- Hashing power can increase by up to 30%
- Operation consumes up to 18% less electricity
- ROI can be increased by 25%
Contact me with your questions :)
Bottom May Be In for DMGIAfter a brutal downtrend due to major dilution DMGI is showing signs of a trend reversal finally. The fact of the matter is DMGI had to raise a lot of money causing dilution of the stock which sent it spiraling that coupled with crypto weakness made a perfect storm. MACD is signaling that the bottom may be in.
BULLISH DMG DMG BLOCKCHAIN SOLUTIONS INC- DMGGF
Current Price - $1.41 Price Target - $2.50
DMG is a vertically integrated blockchain and cryptocurrency company that manages, operates, and develops end-to-end digital solutions to monetize the blockchain ecosystem.DMG Blockchain Solutions Purchased 3,600 Additional ASIC Miners last Monday. The investments into mining should prove beneficial overtime as I expect in the longterm crypto to rally tremendously. One of The biggest issues around BTC is security DMG has done great in respect to security as developing enterprise blockchains is a main source of revenue for the company. This is why DMG is being hired by MARA(Marathon Digital Holdings) to provide technology solutions for Marathon and the new Digital Currency Miners of North America. Great Long term hold!
$DMGGF Target PTs 4.50-5 and higherDMG Blockchain Solutions Inc. operates as a blockchain and cryptocurrency company. It operates through data centre operations, data analytics and forensics, and developing enterprise Blockchains divisions. The company manages, operates, and develops digital solutions to monetize the blockchain ecosystem. It is also involved in developing enterprise blockchains; and providing hosting services for industrial mining clients. The company also provides technical expertise software products, such as blockseer pool, mine manager software, and walletscore, as well as consultation services to accounting firms, law firms, and law enforcement organizations. The company was incorporated in 2011 and is headquartered in Grand Forks, Canada.
Bounce Back Up To $3.50 CADIf it doesn't go any lower and we see a bounce back up 3.50 CAD seems to be a reasonable price target to be. Over the last month, DMG has just been doing lower and lower down 65% from ath which is a huge pull back. If the head and shoulder does form (Which BTC currently might be forming) and follows BTC's H&S we could see a big jump for DMG again.
DMGGF looking like its about to explode on the dailyDMG has been range bound for the past month, similar to BTC. Bullish divergence in RSI, and a bullish curl about to happen on the MACD. We could be in for another few days of chop city, but I expect this to explode once BTC clears $60k with volume.
$DMGGF price targetsWith Bitcoin breaking out to new ATHs, I expect $DMGGF will begin its move higher this week. Each prior move higher has ended in the 2.00 - 2.618 extension area. Since the 2.00 was only reached with a wick in this most recent move, I'm looking for the 1.618 as a 'conservative' target to start taking some shares off. Still a potential >250% move higher from the current price.
You can see my more detailed explanation of the relationship between $DMGGF and $GBTC in my idea linked below.
***I am long $DMGGF***
$GBTC & $DMGGFTop: $DMGGF
Bottom: $GBTC
Red horizontal line marks prior ATH in GBTC
Blue vertical line marks the day GBTC closed above the prior ATH
Pink vertical line marks the peak in DMGGF
DMGGF moves later and peaks later, all gains occur within 4-5 days of GBTC making a new ATH, and a peak seems to occur when DMGGF has a big up day and GBTC trades sideways to down.
Lightning has stuck twice, I'm betting on a third soon. Last 2 runs were >200%
$DMGGF is a great FOMO trade because it only 'activates' when BTC/GBTC is running hot. The monkey wrench this time around is the (-) premium in $GBTC.
***I am long $DMGGF & $GBTC***