jdharward
Long

MGTI update - +125% GAIN VERY LIKELY! 14MO CUP+HANDLE BREAKOUT

OTC:MGTI   MGT CAPITAL INVESTMENTS INC
10/26 Update! LOOK FOR BREAK OUT CONFIRMATION OF $2.70 FOR PROFIT TARGET OF $4.50


MGTI certainly seems to be on its way, up +18% today. Still at less than half of where we're going!! :)

I'm looking for us to cross $2.56-$2.60 either By Tuesday but this is MGTI - could be sooner or later - this is crypto.. but my gut says within the next 3 trading days.

Once $2.70 is reached and if volume supportive, we have confirmation of a Cup+Handle breakout and first price target becomes $4.50

See my previous charts on MGTI for explanation of the why. But in short.

But in short... take your pick why we're going to the moon. WE'RE GOING TO THE MOON! BUY YOU FOOLS!

  • The charts don't lie:
    3x bullish signals. 14 month Cup & Handle , falling wedge , double bottom .


    Sentinel ships Nov 1
    Largest bitcoin miner in the US.
    Committed to exceed 60 Petahash by Q1 2018
    350+ bitcoin mined monthly
    Monthly revenue of $2M+ per month / $1. 3M
    $1.1M EBITDA per month
    Privacy phone release Feb 2018 - hack proof, built in crypto wallet. SECURE
Comment: I'm going to update this chart with a new one. MGTI stock failed to break out last week. We're going to see Q3 earnings November 9th.

Still long term very bullish on this stock and expect $5-6 come January and $12-15 summer 2018.

Comments

JD, do you think the upcoming bitcoin hard fork will affect MGTI stock at all? Segwit2x on 11/16... Thanks for your work man!
Reply
jdharward Bird_Dawg_420
@Bird_Dawg_420, Not at all. I spoke with Rob Ladd this morning actually a little bit about that. MGTI is setup to mine whatever is the most profitable so if a hard fork results in the great flippening MGTI is covered. They have been funding the business through financing (L2 share dilution) and selling coins mined immediately. All though, they're now in a better position to horde some coin.
Reply
@jdharward, not seeing the effect in price action. when MGTI was set to increase RGIS, BTC was trading at 3K+. All their estimate was based on that price. So according to that, MGTI should be at 4 by now.
Reply
Bird_Dawg_420 jdharward
@jdharward, Thanks man! U tha MAN
Reply
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