$OSTK holdings of $RVN may dwarf $10MM proj. 2019 retail profitRevenue from mining combined with the appreciation of Ravencoin holdings may be higher than the $10MM in projected profits of their retail operation in 2019 and provide capital along with VC investments to fund some of the blockchain endeavors of various companies under Medici Ventures.
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.
OSTK
$OSTK $RVN news of adoption, taking a bite out of $ETH market.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.
#Overstock $OSTK demonstrating strong cloud support once againIt looks like this could be the bottom of wave 2 of 5 in this impulse wave pattern.
Wave 1 topped out 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.
OSTK Cup & HandleTechnicals:
Overstock is showing multiple bullish signals that can't be ignored.
Potential cup and handle.
Price above 20, 50, 100 and 200 SMA but not too high above.
RSI has found support near this area multiple times in recent past.
MACD is above zero line but might see a bearish crossover. This could provide opportunities for a good entry.
Above rising trend line (in blue).
If the cup and handle fails I am expecting 20/50 SMA to hold if that doesn't hold then next support will be at rising trendline.
The idea is to either trade the breakout of cup and handle or the bounce off of one of the support levels that I mentioned above. When buying the bounce make sure to use the stop loss right below the support. This could provide decent risk/reward ratio.
Fundamentals:
This is a low float stock with extremely high short interest ratio.
Float: 24.3M
Short Percent of Float: 59.95%
Days to Cover: 5.3565 Days
% Held by Institutions: 64.66%
Depending how the earnings come out on March 18th, this might see a massive short squeeze.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
$OSTK tests cloud support prior to earnings.It looks like this could be the bottom of wave 2 of 5 in this impulse wave pattern.
Wave 1 topped out at $23.40. The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter of 2018 are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this coming Monday having to do with the sale of the retail operation coupled with the high likelihood of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential.
$RVN Cloud support around 610 sats E2E move $OSTK #tZERO #MakaraThe 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 610 and 570 Sats can take the price all the way to 1492 Sats. It is likely that this move will be delayed by the due diligence process currently underway.
The hash power on the Ravencoin network has risen meantime by 50%. 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. In the meantime, it is a great platform to list private company securities as well as gaming tokens.
What the current $OSTK impulse wave might look likeTo understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.
$OSTK bounce off cloud support, bullish Senkou span cross.To understand the recent low volume selloff take a look at a Bitcoin chart. The price has seen a corrective move back to support. While OSTK is highly volatile this price level will likely hold before the next leg up to $24.80 - $25.00.
Today appears to be critical but the uptrend still holds even below these levels, if the cloud support does not hold the next level of support is $16.38, this price will also coincide with secondary cloud support in a few days.
The Tenkan and Kijun cross, the could flip as well as the demonstrated cloud support are all bullish indications.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation coupled with the possibility of a venture capital investment in their blockchain startups gives OSTK a lot of upside potential and the market is taking notice.
#Overstock low volume selloff, uptrend still holds. $OSTKTo understand the low volume selloff take a look at a Bitcoin chart. While OSTK is highly volatile $18 will likely hold before the next leg up to $24.80 - $25.00.
Today appears to be critical but the uptrend still holds even below these levels, if $18 does not hold the next level of support is $16.38.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their markets of tokenized securities, land titles and voting on the blockchain. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.
(8)OSTK Long Looking like bottom is in looking to hold S at $19 and 50 day MA and holding above 50RSI. Stock has good swings and its interest in blockchain/Tzero news could introduce hype over the next year or 2. good R/R
If I get a good intra day entry around 19 would reduce risk greatly(higher stop)
at this point looking for a wick down to 19 and to maintain trend
Gap now closed $OSTK headed to $25Today's move was the bottom of wave 4, wave 5 takes the price to $25.
$OSTK on a faster upward trajectory now $24.80 nextWhile OSTK is highly volatile it found support above the 50day EMA and is maintaining the uptrend. $19 will likely hold before the next leg up to $24.80.
OSTK now has a bullish EMA 25 over 50 cross as well as MTF momentum having realigned to the upside. This next move will not take long and will likely break the pitchfork to the upside.
Healthy traffic levels on overstock.com over the last quarter are likely to have a positive impact on the upcoming earnings report along with progress made by several of the Medici Ventures brands in their respective markets of tokenized securities, land titles and voting. Short interest is maxed out.
The possibility of an announcement this month or next having to do with the sale of the retail operation makes OSTK even more interesting and the market is taking notice.
$OSTKHOPE THE SHORTS ENJOYED THEIR DAY IN THE SUN YESTERDAY
FIB KIDS BACK AT WORK TODAY
BOUNCE AT .382
$OSTK
PROFESSIONAL ANALYST TARGETS ARE AT $75
PROFESSIONAL
$OSTK Overstock Fib RetracementSeeing decent fib level action with $OSTK. It could break down after recent spike.
OVERSTOCK Possible Reversal - LONGWanted to chart this with AMD!
- Take Profit Levels are CLEAR
- Stop Level is CLEAR / Always use STOP LOSS! :)
Take profit around levels right before Daily Closes...
- OSTK typically correlates in relation with BTC
- Keep an eye on BTC price movement if you are in an Overstock position...
All - Love