100 servers...500 servers... Wave 1 = 800% gains in 3 days . it has taken 3 months to consolidate those gains . it is now time for the next move, Wave 3. the word still has not spread far for MELY, so their will be plenty of chasing tomorrow. from the .0019 recent low, 800% gains takes this to .15. but a wave 3 could be 1.618 the length of wave 1. if that is the case, price goes to .25 with a wave 3 advance of about 1300%
relentless buying pressure, this will not take long to develop.
could you see something similar to a VPOR run? what PE do you put on a bitcoin miner if this is the global currency of the future? got to be a lot higher than 10. I could see see this at .03 within a few days, followed by consolidation, then a run at .10 in August.
if you don't hold MELY in your portolio, consider yourself part of the 99% (the herd). the herd always misses these moves.
only the beginning for MELY holders. this will reach .10 before x-mas
leading diagonal wave 1 followed by ABC corrective wave 2. inverse head and shoulders has formed. today starts off beginning of wave 3. $6.40 - $6.80 price target very short term. Shorts must cover or feel the pain, bullish reversal on the 5 min chart has kicked this off. This will be interesting for sure
this level was resistance in '05, '06, '11, '12, and '13. This year price has started to get comfortable trading above this long term resistance area. Valuation is also getting comfortable above $1 Billion. I bought today's dip to $38 and am now leveraged for the potential upside. Bring on wave 3 of 3 on the weekly chart after this expanded flat wave 2
when $5.50 breaks, shorts will be forced to cover, taking price to the $6.18 gap fill in a hurry. if price can get through $6.18, next gap fill is $6.75
take some risk, you will thank yourself
bullish macd histogram shift occurred june 19th. high of day was .0024. a daily close above .0024 triggers the next wave of buying pressure. gonna be a great week for us. congrats
Nice post. John. I saw the same technical picture on 3/4. in fact I posted about it just before midnight, before the surge on 3/5. Check my post from 3/4 "what just happened and why price will move significantly higher" posted at 11:35 pm.
A similar move will happen in MSTX. I posted about that this week at the MSTX board. have a great weekend.
another 1500 call options bought again today at the July $9 strike. remember, there is no bid price for these. So in the past 2 days, someone has spent about $20k. they are not throwing this money away. they know something. hold on. I'm holding the July $6 calls
folks, this is a tell. as soon as that person spent $6k on that trade, it is worth basically $0, because there is no bid. This is the same as burning $6k.....unless.....somebody knows something. price doesn't necessarily have to get above $9, but it has to move fairly soon and violently for this trade to pay off. remember, 39% of the float is short here, and the momentum has shifted to the bulls on the chart with the cup with handle / ascending triangle bullish patterns developing.
macd signal line pushed above the 0 line today so that is a major victory for the bulls also. something is brewing here...
Congrats to those who took advantage of my bullish call on IRBT yesterday.
VVUS 36%short interest. Momentum has shifted to the bulls. Good luck with it.
Anyone interested in getting exposure to bitcoin mining, get some MELY, 100 servers online and printing money everyday.
the push above $38 will trigger massive volume short covering. most of us are told about the short squeeze after it happens. here is your chance to get in before
this will happen very fast this afternoon
if you check the PPHM board. I predicted the technical move in PPHM that occurred on March 5th. I wrote about it on march 4th.
daily chart has experienced a bullish histogram shift on the macd, while the signal line is above the 0 line. a daily close above .65 will trigger a price breakout, and a bullish crossover on the macd. this is significant, in that the last breakout 6 months ago saw price move violently from .40 to 1.10, initially with the signal line in negative territory. this coming price advance, will start from a more favorable technical position. More importantly, the Weekly chart reveals the macd signal line is in positive territory currently and the breakout on the daily chart will most likely trigger a bullish crossover on the weekly chart. the weekly chart has not experienced a crossover like this, with the signal line sitting in bullish territory since 2005. the stock more than doubled back then on that crossover. this will be a 3rd wave, however. so price will move higher and faster than most of us are ready for. short interest is modest now, at about 8%, but fresh shorts will pile on into these price rips, and they will get slaughtered for weeks. this is what is coming. a rip your face off technical rally for MSTX in anticipation of news, fear of the train leaving the station, and non-believers attempting to short this move.
Sentiment: Strong Buy