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Crypto Trade Alert: $OMG Wants Higher. Likely Will Break Above this Rising Channel.

Writer's picture: Momentum Stock AlertsMomentum Stock Alerts
Aug 24, 20172 min read

 

Updated - September 16


BotTrigger Crypto Trad Alert: $OMG Added another 5% allocation here at the $9.88 area (0.00269547 BTC). We are now 10% weighted in the folio on $OMG. We're getting technical harmony here as OMG has been cultivating a series of higher lows that are each met with a new higher high. So far there hasn't been one instance where a successive higher low didn't yield a higher, new high. Each successive high as broken out above the last prior high. We are sticking with this trend. Strong like bull here. What's more, we have a bullish crossovers occurring here on the 12hrh time frame for the Stochastics oscillator. The signal sauce looks good here. Stay long on this trend. There is a reason why $OMG & $NEO continue to be the top volume record holders for most of the days in the last 3 weeks.

 


BotTrigger Crypto Trade Alert: $OMG bought @ $8.39 on the bittrex.com exchange. 5% allocation on this trade. OmiseGo, a payment solutions card for cryptocurrencies has been cultivating a series of higher lows along the this uptrend. Notice each successive pullback has been bought. What's more, it's been coiling in this 7day congestion box. So far the median average that OMG trades in a range before making new highs has been around 7.2 days before breaking out higher. We are on day 7 now. Our interest here is 2 fold due to technical setup of confluence & the fundamental side of the story is matching the technical behavior. We have $OMG breaking out above this symmetrical triangle formation that's been setting up over the last 7 days. We also have follow through on this breakout as it's been trading above the triangle for 24hrs now. What's more, this move is happening on above average volume. We're also getting a bullish crossover on key momentum indicators. Then we have the fundamental side to OMG: Vitalik Buterin is a key advisor on the OmiseGo project and OMG will be utilizing the "plasma network" that Vitalik is implementing on Ethereum which will allow for billions of transactions per second vs Bitcoin which his at an average of 7 transactions per second. Note: BotTrigger will occasionally cross-share stock alerts & cryptocurrency alerts with both our Stock Members & Crypto Members with the goal of sharing the opportunity that exists in both courts. Our $NEO crypto trade is up more than 100% since our first buy alert. We will be adding to this soon.

Some of the greatest pearls shared by Jesse Livermore:

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“Money is made by sitting, not trading.”

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“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

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“Buy right, sit tight.”

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“Nobody can catch all the fluctuations.”

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“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

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“It takes time to make money.”

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“Don’t give me timing, give me time.”

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These results are based on performance results that have certain inherent limitations. Each trade is executed in BotTrigger's S-Corp trading account in the BotTrigger portfolio managed exclusively by Mike Saad, founder & CEO of BotTrigger of Lovical Inc & MomentumStockAlerts.com Inc (umbrella corp). The performance results shown in BotTrigger's portfolio may vary at certain times of the day due to our API feeds that pull the current price of open or closed positions from Yahoo Finance.  Although BotTrigger has consistently outperformed the S&P 500 benchmark by more than 50% per annum since inception, August of 2016, no representation is being made & or promised that any account will or is likely to achieve profits or losses similar to these being shown. BotTrigger so far this 2018, is on pace to achieve it's largest annual YTD return now in it's 3rd year since inception. This performance assumption is not promised but is being communicated that so far we have achieved the highest rate of return on a YTD & YOY (year over year basis). If a majority of our trade setups fail to materialize based on our analysis or trade thesis, it is absolutely possible to close below our running 50% average if not negative. BotTrigger may & often times does  implore hedging strategies and/or stop-loss precautions in the event that the BotTrigger portfolio sustains heavy losses that might cause the cumulative net value of BotTrigger's portfolio value to near below our 50% threshhold of YTD gains. Our goal at minimum is to be up YTD by up to at least 50% or greater. In the event the net weighting of our trade allocations drops the entire portfolio value below this threshold, then triggered sell signals are generated to reduce to a sizeable position of cash.

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