jdharward

jdharward Updated 

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...

jdharward

GBTC could be getting ready to make another run to $1K. Falling wedge and current trend developed over last few days suggest we're heading for a breakout. The real hangup is the premium associated with GBTC. It traded as high as 130% when GBTC made a run to $1050 and collapsed as low as 20% a few days ago. Currently trading at 30-31% premium. GBTC and MGTI -...

jdharward Updated 

This has not been a good week for MGTI. Throughout October MGTI has been getting beaten up by shorts but this week. Today was a doozy with MGTI dropping 13% on double average volume (2m vs 1m avg). Low of $1.63% bounced off (exactly) 38.2% FIB level from $4.26 High. Next support level is $1.30 if we fail to hold here. Despite nothing but positive news in...

jdharward Updated 

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...

jdharward Updated 

Mark my words, MGTI will see multifold gains in 2018 with $6 in January very likely. MGTI is the largest U.S. bitcoin miner and they are rapidly expanding their mining operations. MGTI will have 4700 mining rigs up and running Q1 2018 and generating over 60 Petahash and north of $2 million in monthly revenue - or $1.3MM EBITDA assuming recent prices and mining...

jdharward

GBTC - a bitcoin investment trust and MGTI a bitcoin mining and crypto security company have moved in a correlation to bitcoin throughout 2017 up until October 2nd where BTC has taken off into full fledged rally mode while leaving GBTC and MGTI behind. Looking at the edge formed in GBTC and MGTI strongly suggest we'll see a breakout in share price for both as...