MGTI - correction continues

Updated

Buy prices labeled. Target price of $10 by end of the next 5 wave but first, needs to drop to $3-5

Note

Down to 4.70. Don't buy yet, BTC has more correcting to do. I would wait until Tuesday before buying. Longs can try to sell around $5 at this point.

Note

I think we will see a dip in price tomorrow. Maybe below $4 by tomorrow. MGTI is being investigated by a law firm over fiduciary duties and holding a cyrpto derivative stock over a holiday weekend going into the new year is risky. Might see some end of year profit taking between now and midnight Dec 31st.

Anything below $4 is a great buy -- might see $3 early next week and if Bitcoin actually does correct down to the $6-8k like some are predicting, could see but that's a long shot. $3 to $4 and I'm a happy buyer.

jdharward

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