OSTK long ideaLooking at OSTK it may be finally time to buy. The 4hr chart shows the price breaking out and higher than all significant moving averages. Notice how the price has been below the moving averages until lately. Im looking for the trend to change and move higher. Set your stops in case this fails.
OSTK
Massive Inverse Head & Shoulder on a All Time Frame!Whoa, this may end up going Very, Very, Very Parabolic in the next few years.
$OSTK up over 13% since Mex tariff lows. Bullish RSI divergence.A higher low and a higher high would confirm that the bottom is in.
Nasdaq just made a higher daily high and the S&P 500 is back above the 200MA.
What $OSTK capitulation looks like, followed by 33% bounceOSTK has seen capitulation many times over the past 15 years. The small float makes it an easy target for mid-tier short sellers who can help it maintain a downtrend relatively easily compared to higher float stocks.
These long downtrends usually end in capitulation, well below the estimated valuation of the company. It is common for there to be a shallow (in dollar terms) Doji candle on either the four hour or the daily chart at the bottom. The bottom occurs below the Bollinger band displayed above.
At $9.30 OSTK will have dropped 60% from the March highs.
At $9 OSTK will have dropped 90% from the highs.
The typical bounce from the bottom of capitulation seen over the following 2 to 3 weeks is a gain of 33%
$OSTK strong reversal pattern on bullish RSI divergence. #tZEROConfirmation comes as the RSI makes it above 50 on multiple timeframes. At the moment it looks very much like a bottom with bullish RSI divergence.
$OSTK Bullish divergence. Bears have done their worst. #tZEROConfirmation will come as the RSI makes it above 50 on multiple timeframes. At the moment it looks like a bottom with bullish RSI divergence.
Overstock - Looking to buy between $10-$12I would consider this a somewhat risky trade because the fundamentals of this stock makes me uncomfortable but Overstock is at pre crypto levels so unless the company implodes should be near a bottom. I expect a bounce off the thick blue support line which will possibly carry it to a break of the decline resistance. Trade carefully but I will be buying longs in the $10-12 range
#Overstock $OSTK RSI bullish divergence #tZEROBoth the RSI and the Fibonacci retracement levels on the way down suggest that OSTK may be bottoming here.
AMD Price Target $50+ & BTC/Blockchain sector AMD PRED SODE OSTKBitcoin has been making headlines in the news lately because of the recent price surge resulting. Advanced Micro Devices Inc (NASDAQ: AMD) is able to capitalize on this opportunity as the company sells chips for Bitcoin mining equipment during a time when there is an increased demand for BTC mining equipment. Other companies are also benefiting from the fast growing Bitcoin and Blockcahin industry. Some prime examples are PRED and SODE which just released news about aquiring stake in Bitplaza Inc, the words first Bitcoin-dedicated shopping app. This positions SODE to
News source: www.nasdaq.com
AMD Price Target -$50 per share (6mo time frame) $75 per share (12mo time frame)
PRED Price Target - $6 per share (6mo time frame) $10 per share (12mo time frame)
SODE Price Target - $.25 per share (6mo time frame) $.62 per share (12mo time frame)
OSTK Price Target - $28 per share (6mo time frame) $50 per share (12mo time frame)
Please comment feedback and share, I spent a lot of time properly valuating these companies based on their financials and growth rate.
BTC/Blockchain sector AMD PRED SODE OSTK
OSTK$OSTK
What I had considered a bellwether for cryptocurrencies is now lagging behind the 15% increase in $BTC.
Expecting big pop after it seems to have completed its retrace at the .618 fib.
Let’s get it.
$OSTK #Overstock momentum reversal, multiple time frames #tZERO...uptrend on the daily chart is confirmed above $17.50
What happens if $OSTK runs out of panic sellers above support?Mean reversion takes it back to the cloud.
OSTK - downtrend reversed? I buy, you flyToday's dip triggered a limit order that I had placed last week to buy at $17.25. I believe the long downtrend has been broken after watching this stock for a long time. GL
$OSTK #Overstock double bottom trend-line support and horizontalLooks like a short covering/entry opportunity.
OSTK holding crucial $16 supportI still think this stock has a bottoming pattern in the works. Price failed right above $23 at previous major supply level. Massive short interest finally took this down on market weakness. However, bitcoin price action and volume still looking great and this should be back in the 20s with any spike in bitcoin. Heavy institutional buy volume is supporting the price above $16 imo.
#Overstock $OSTK looks like a stop hunting expeditionThe activity today is reminiscent of some of the stop hunting you see in crypto markets.
OSTK coiling, watching for breakout OSTK coiling. needs more time to consolidate. On watch for a break above trendline
Keep buying #Overstock $OSTK cloud support It looks like this could be the bottom of the ABC correction wave which started at $23.40.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
A close below $16.70 could spell trouble for the uptrend, however.
$RVN wedge, likely continuation even on low volume #RavencoinThis wedge is very similar to one that formed in the previous parabolic move. That wedge also broke to the upside on low volume and continued the parabolic move.
Expect #Ravencoin $RVN to find support between 1045 and 985 satThe RSI and volume indicate that there should be a little bit of a consolidation period ahead. The fundamentals surrounding Ravencoin are some of the most bullish in crypto. Take a look at the number of organizations developing securities on the platform here:
www.reddit.com
The recent move is likely a result of Ravencoin's close association with tZERO and the MOU for up to $100MM by Makara and GSR . Both are highly successful VC companies in Tech, now entering the FinTech space.
The next target following a demonstration of support between at the 50% retrace and cloud support of 610 Sats can take the price all the way to 1430 Sats . Positive news from the Overstock.com OSTK conference call regarding tZERO and other Medici Ventures and their utilization of the Ravencoin (RVN) protocol to create securities may be moving the price at the moment:
Excerpt from Overstock.com , Inc. ( OSTK ) CEO Patrick Byrne on Q4 2018 Results - Earnings Call Transcript
seekingalpha.com
"Patrick, I want you talk to the next slide on Ravencoin.
Patrick Byrne
Thank you. Ravencoin is an open-source project towards which Medici Ventures has been especially supportive by contributing labor and mining. The mining of this coin has spread faster than any coin in history. It's 14 months old, the community is very active. We've been supportive of this open-source movement. And although we only own a single-digit percentage of the coins, -- of Ravencoin, it's not just the value of the coins that we find attractive, it is the elegance and robustness of the Raven protocol for digital assets going forward.
Next, Raven has a role to play in a number of these Medici companies. It's been designed and developed as the perfect protocol for digital assets, has significant advantages over both Bitcoin and Ethereum . I think, you'll be hearing very significant news about Ravencoin shortly, perhaps as early as this week. It plays a role in the number of the companies in which we're involved, like you're seeing in front of you here. If you know the business model of consensus, one could say that Medici Ventures is like has a similar business model but where consensus is purist about using ether, we are not purist about using Ravencoin but there are four or five companies in there, at least, that look like they will be making use of Ravencoin."
The hash power on the Ravencoin network has risen in recent weeks by 120%. The price and hash power will have to go much higher to provide the necessary security level to use it as a platform for listing high-valuation securities. It is a great platform to list private company securities as well as gaming tokens.
