OMGBTC: Potential uptrend continuation signal in 2 days

20 Ağu 2017

Keep an eye out for this, and if you're long, look for the targets to reduce exposure or trail stops. Price shouldn't fall under the current week's low ideally.
Developments in this currency have been interesting and might end up benefitting ETH even, with the Plasma tech they are working on. I would assume there is steam left for this rally to continue, the key is asking: can this outperform ETHBTC? If not, I would rather hold ETH instead. At the time, it seems ETH can surge by 50% in the same timeframe, so OMG might end up outperforming it, for what it's worth.
Position sizing should be modest but big enough to risk say 0.25 to max 5-10% -depending on wether you are up on the year, profits wise, or not- If you are not up for the year in your account, better risk below 1%.
Stops for this, I wouldn't use but the size you can accomodate to avg. volatility figures, or based on not going below the week's low after the breakout.

Best of luck,

Ivan Labrie.

20 Ağu 2017

Not

The chart is a lot weaker vs ETH, means the move up, beating ETH won't last long:

Maybe 7-8 days.

So, if you invest, use spare $BTC.

30 Ağu 2017

Not

Great progress.

30 Ağu 2017

Not

We now have a full position, and the market is ready to move.

5 Eyl 2017

Not

Anyone with me here?

s3.amazonaws.com/tradingview/snapshots/l/lRufvIAA.png

I added once more today at 0.0022 roughly.

12 Eyl 2017

İşlem elle kapatılmış

I'm out, slowed down, could see a correction, or simply stagnate here.