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GBTC seems overbought at its current price with +30% premium
Bitcoin moving in descending channel formation on 30-minutes chart. I project that Bitcoin will continue trading between $10,200-10,600 for a few more hours, before re-testing $10,000 and possibly breaking below. It seems that the Bears are currently in control.
I project that GBTC will drop 10-20% tomorrow
Increase to $11,400 and then drop to $9,000 for perfect Evening Star pattern on weekly chart?
WOW! Weekly candle turned red! Down we go!
5 months of increases followed by a drop in July?
February: +11.3%
March: +7.6%
April: +28.9%
May: +58.7%
June: +29% (estimate)
July: I project a 15-20% drop to $9.000-$9,500
I believe most people are too focused on the hourly and daily charts. It is however also important to take a step back and look at the big picture through the weekly and monthly charts. Although I believe we are currently in a parabolic bull run, I project a 1-2 month drop, before seeing significant increases and re-testing this year's high.
I project $9,000-$9,500 before going back up
Doesn't matter. Bearish Evening Star on the weekly chart.
I am short-term bearish (July and August) and remain very bullish long-term.
How much lower will GBTC open tomorrow?
Bulls seem exhausted. Will Bears take control?
Correction coming? Bitcoin just broke through the lower boundary line of a rising wedge on the hourly chart, indicating that demand is weakening at the higher price level.
Evening Star forming on weekly Bitcoin chart
I project a drop to $9,000-$9,500 in July, after 5 positive monthly candles.
+/- 75 more days of Convertible Debt and Dilution?!
The date on the agreement is May 21, 2019 and 100 days later brings us to September 9, 2019.
Disclosure about the Convertible Debt:
8-K Received 05/24/2019
"Item 1.01 Entry into a Material Definitive Agreement
Exchange Agreement with DigiMine LLC
On May 21, 2019, the Company and DigiMine LLC (“DigiMine” or the “Holder”) entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which DigiMine agreed to surrender the remaining 20,000 shares of the Company’s Series B Preferred Stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which is to be issued in ten tranches of 1,000,000 shares each.
Ten trading days after the Initial Closing date and each ten trading days thereafter, the Company has agreed to deliver a tranche of 1,000,000 shares of common stock to the Holder at a Subsequent Closing (the “Subsequent Closings” and each a “Subsequent Closing”). The Holder may by notice request a delay in any Subsequent Closing based upon its ownership of the common stock of the Company exceeding 4.99% of the outstanding shares. Subsequent Closings shall be held until all of the Exchange Shares shall have been issued, subject only to interruptions for additional notices from the Holder regarding its aggregate stock ownership in the Company.
With the sale of the 16,666 shares (1,666,600 common shares) of Series B preferred stock by DigiMine in April and May of 2019 and with the completion of the Exchange Agreement, the Put-Back Rights in connection with the April 16 and April 30, 2018 Asset Purchase Agreements along with the combined Put-Back Price of $2,440,000 have been eliminated.
DEFINED TERMS USED IN THE DESCRIPTIONS IN THIS CURRENT REPORT SHALL HAVE THE MEANINGS PROVIDED IN THE EXCHANGE AGREEMENT, AS APPLICABLE, UNLESS SPECIFICALLY DEFINED ABOVE IN THIS REPORT.
1.1 Initial Closing . On the Initial Closing Date (as defined below), the Company will issue and deliver (or cause to be issued and delivered) the first tranche of the Exchange Securities to the Holder, or in the name of a custodian or nominee of the Holder, or as otherwise requested by the Holder in writing, and the Holder will surrender to the Company the Securities and provide documentation releasing its rights under the Security and Pledge Agreement between the Holder and the Company, dated April 30, 2018. The Initial Closing of shall occur on the date of this Agreement or as soon as thereafter as is practicable, but in no event later than May 23, 2019 (the “ Initial Closing Date ”), subject to the provisions of Section 4 and Section 5 herein."
My opinions are my own.
+/- 80 more days of Convertible Debt?!
The date on the agreement is May 21, 2019 and 100 days later brings us to September 9, 2019.
Disclosure about the Convertible Debt:
8-K Received 05/24/2019
"Item 1.01 Entry into a Material Definitive Agreement
Exchange Agreement with DigiMine LLC
On May 21, 2019, the Company and DigiMine LLC (“DigiMine” or the “Holder”) entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which DigiMine agreed to surrender the remaining 20,000 shares of the Company’s Series B Preferred Stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which is to be issued in ten tranches of 1,000,000 shares each.
Ten trading days after the Initial Closing date and each ten trading days thereafter, the Company has agreed to deliver a tranche of 1,000,000 shares of common stock to the Holder at a Subsequent Closing (the “Subsequent Closings” and each a “Subsequent Closing”). The Holder may by notice request a delay in any Subsequent Closing based upon its ownership of the common stock of the Company exceeding 4.99% of the outstanding shares. Subsequent Closings shall be held until all of the Exchange Shares shall have been issued, subject only to interruptions for additional notices from the Holder regarding its aggregate stock ownership in the Company.
With the sale of the 16,666 shares (1,666,600 common shares) of Series B preferred stock by DigiMine in April and May of 2019 and with the completion of the Exchange Agreement, the Put-Back Rights in connection with the April 16 and April 30, 2018 Asset Purchase Agreements along with the combined Put-Back Price of $2,440,000 have been eliminated.
DEFINED TERMS USED IN THE DESCRIPTIONS IN THIS CURRENT REPORT SHALL HAVE THE MEANINGS PROVIDED IN THE EXCHANGE AGREEMENT, AS APPLICABLE, UNLESS SPECIFICALLY DEFINED ABOVE IN THIS REPORT.
1.1 Initial Closing . On the Initial Closing Date (as defined below), the Company will issue and deliver (or cause to be issued and delivered) the first tranche of the Exchange Securities to the Holder, or in the name of a custodian or nominee of the Holder, or as otherwise requested by the Holder in writing, and the Holder will surrender to the Company the Securities and provide documentation releasing its rights under the Security and Pledge Agreement between the Holder and the Company, dated April 30, 2018. The Initial Closing of shall occur on the date of this Agreement or as soon as thereafter as is practicable, but in no event later than May 23, 2019 (the “ Initial Closing Date ”), subject to the provisions of Section 4 and Section 5 herein."
My opinions are my own.
What happens if no demand for 10 million shares?
Trading Crypto (stocks) is not for the faint of heart!
Crypto, crypto stocks, blockchain stocks are down across the board.
I was bullish until I read about the convertible debt.
Is the CEO seriously making $800,000/year?
100 days of Convertible Debt. Read this!
Personally I project that the Convertible Debt will continue to have a negative impact on the share price in the short-term.
The date on the agreement is May 21, 2019 and 100 days later brings us to September 9, 2019.
Please read this disclosure about the Convertible Debt:
8-K Received 05/24/2019
"Item 1.01 Entry into a Material Definitive Agreement
Exchange Agreement with DigiMine LLC
On May 21, 2019, the Company and DigiMine LLC (“DigiMine” or the “Holder”) entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which DigiMine agreed to surrender the remaining 20,000 shares of the Company’s Series B Preferred Stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which is to be issued in ten tranches of 1,000,000 shares each.
Ten trading days after the Initial Closing date and each ten trading days thereafter, the Company has agreed to deliver a tranche of 1,000,000 shares of common stock to the Holder at a Subsequent Closing (the “Subsequent Closings” and each a “Subsequent Closing”). The Holder may by notice request a delay in any Subsequent Closing based upon its ownership of the common stock of the Company exceeding 4.99% of the outstanding shares. Subsequent Closings shall be held until all of the Exchange Shares shall have been issued, subject only to interruptions for additional notices from the Holder regarding its aggregate stock ownership in the Company.
With the sale of the 16,666 shares (1,666,600 common shares) of Series B preferred stock by DigiMine in April and May of 2019 and with the completion of the Exchange Agreement, the Put-Back Rights in connection with the April 16 and April 30, 2018 Asset Purchase Agreements along with the combined Put-Back Price of $2,440,000 have been eliminated.
DEFINED TERMS USED IN THE DESCRIPTIONS IN THIS CURRENT REPORT SHALL HAVE THE MEANINGS PROVIDED IN THE EXCHANGE AGREEMENT, AS APPLICABLE, UNLESS SPECIFICALLY DEFINED ABOVE IN THIS REPORT.
1.1 Initial Closing . On the Initial Closing Date (as defined below), the Company will issue and deliver (or cause to be issued and delivered) the first tranche of the Exchange Securities to the Holder, or in the name of a custodian or nominee of the Holder, or as otherwise requested by the Holder in writing, and the Holder will surrender to the Company the Securities and provide documentation releasing its rights under the Security and Pledge Agreement between the Holder and the Company, dated April 30, 2018. The Initial Closing of shall occur on the date of this Agreement or as soon as thereafter as is practicable, but in no event later than May 23, 2019 (the “ Initial Closing Date ”), subject to the provisions of Section 4 and Section 5 herein."
My opinions are my own.
They are ordering mining equipment now?! Little late!
Buy the INTV dips?! When?! $0.08?
I project INTV below $0.10 due to convertible debt
Incorrect! Read the written, signed and dated agreement!
Then explain it...
Convertible Debt: Minimum 100 days!!!
The date on the agreement is May 21, 2019 and 100 days later brings us to September 9, 2019.
Please read this disclosure about the Convertible Debt:
8-K Received 05/24/2019
"Item 1.01 Entry into a Material Definitive Agreement
Exchange Agreement with DigiMine LLC
On May 21, 2019, the Company and DigiMine LLC (“DigiMine” or the “Holder”) entered into an Exchange Agreement (the “Exchange Agreement”) pursuant to which DigiMine agreed to surrender the remaining 20,000 shares of the Company’s Series B Preferred Stock held by it and terminate its rights under the Security and Pledge Agreement, dated April 30, 2018, in exchange for 10,000,000 shares (“Exchange Shares”) of the Company’s common stock, which is to be issued in ten tranches of 1,000,000 shares each.
Ten trading days after the Initial Closing date and each ten trading days thereafter, the Company has agreed to deliver a tranche of 1,000,000 shares of common stock to the Holder at a Subsequent Closing (the “Subsequent Closings” and each a “Subsequent Closing”). The Holder may by notice request a delay in any Subsequent Closing based upon its ownership of the common stock of the Company exceeding 4.99% of the outstanding shares. Subsequent Closings shall be held until all of the Exchange Shares shall have been issued, subject only to interruptions for additional notices from the Holder regarding its aggregate stock ownership in the Company.
With the sale of the 16,666 shares (1,666,600 common shares) of Series B preferred stock by DigiMine in April and May of 2019 and with the completion of the Exchange Agreement, the Put-Back Rights in connection with the April 16 and April 30, 2018 Asset Purchase Agreements along with the combined Put-Back Price of $2,440,000 have been eliminated.
DEFINED TERMS USED IN THE DESCRIPTIONS IN THIS CURRENT REPORT SHALL HAVE THE MEANINGS PROVIDED IN THE EXCHANGE AGREEMENT, AS APPLICABLE, UNLESS SPECIFICALLY DEFINED ABOVE IN THIS REPORT.
1.1 Initial Closing . On the Initial Closing Date (as defined below), the Company will issue and deliver (or cause to be issued and delivered) the first tranche of the Exchange Securities to the Holder, or in the name of a custodian or nominee of the Holder, or as otherwise requested by the Holder in writing, and the Holder will surrender to the Company the Securities and provide documentation releasing its rights under the Security and Pledge Agreement between the Holder and the Company, dated April 30, 2018. The Initial Closing of shall occur on the date of this Agreement or as soon as thereafter as is practicable, but in no event later than May 23, 2019 (the “ Initial Closing Date ”), subject to the provisions of Section 4 and Section 5 herein."
I project a further drop first, because of the convertible debt
INTV still needs to buy mining equipment?! Seriously!
It seems that Integrated Ventures (OTCQB: INTV) is running behind the eight ball. Trading volume also took a nose dive last week, which is concerning in light of the convertible debt. I project that the share price will continue to decline in Q3.
Opinions expressed are solely my own.
I assume that INTV will open significantly lower today
Negative short-term and positive long-term outlook
I project that the quarterly report for the period ending June 30, 2019 will not be impressive. I do however assume that Bitcoin will continue to surge over the next 24 months. Based on this assumption, I project significant financial improvements towards the end of this year and next year.
Opinions expressed are solely my own.
I wish I mined or held Bitcoin SV before today!
Scotttrader80, L2 on ActiveTick?
Last buy was 92,500 shares at $0.17473
Why you should or shouldn't invest in INTV?!
Many people on InvestorsHub want you to believe this is the greatest stock in history, while others want you to believe it is complete trash. When it comes to your investments, don't trust anyone!
For anyone who considers investing, I believe it is very important to get accustomed with the company, so you can make well-informed investment decisions, considering your financial goals, time-horizon, etc.
Please visit OTC Markets and review the Company Profile, Security Details, Financials and Disclosure. If you are unfamiliar with certain aspects, ask the questions or conduct more research to become a successful investor.
"Risk comes from not knowing what you are doing."
INTV's Golden Cross Formation will be Highly Bullish!
After conducting a technical analysis, I project that Integrated Ventures' (OTCQB: INTV) 50 MA will cross its 100 MA sometime in June, after which its share price will continue to rise.
I project a Golden Cross formation in July, when the 50 MA will cross its 200 MA, which is a highly bullish event.
Based on my personal projections of Bitcoin, Litecoin and Ethereum, I remain highly bullish on Integrated Ventures.
If you are LONG, today's prices don't matter!
I project that Bitcoin will continue to surge dramatically in the long-term, which should have a very positive impact on Integrated Ventures' (OTCQB: INTV) growth, profitability and share price.
Rising Slow and Steady instead of Rise and Fall!
Put-Back Rights were eliminated! Very positive news!!