itradearn
Long

Magi XMG BTC Forecast - Huge Potential

BITTREX:XMGBTC   None
Following the surge in price which continued till the first week of January 2018, XMG failed to hold on to the 0.5 and 0.382 fib lines. Chart shows a triple bottom which failed to hold and consequently led price to fall on the last fib line at 0.236 which is at 6800.

What's interesting about this chart is that even though chart is in bearish trend there were multiple circumstances where 20% gains could be made from 0.5 fib line till near peak of multiple waves. The yellow arrows all indicate at least 20% gains.

XMG has a big announcement on 1 February 2018 which should start a price rally up to the expect target at the very least. Buy the rumour, sell the news should be applied here especially if price hits target and you're a short term trader. If you are adventurous try selling half the investment pre-news and ride the rest. If news doesn't hype the price sell all and if the news is excites the flock... well you know what to do.

When XMG released their wallet the price rocketed by nearly 300%. Imagine the news is as big as the release of their wallet. This coin could go large!

This is not an investment advice, always do your own research.

Trade active: Breakout! Announcement is on 1 February. I expect weak hands to sell before the announcement to secure their profits and also in case "big" announcement is not big.

13% gains so far.
Trade closed: target reached: Boom. That's the first train!

Those who sold around the peak made around 30% gains!

For the rest good luck and hodl!
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