OMGUSD - Might go Vertical

This might explode. I'm taking a shot with it, buying at high prices.

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In at 12.42

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I still think in a vertical rise, I am at an unrealized loss on my 12.42 buy with current prices. I will still hold onto it.

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Increased position size, added at 9.52

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Two things I'm considering:
1) I'm looking at some alts, and they seem to be retracing back to the 50 day moving average, and will pick things up from there.
2) My buy at 9.52 in comparison to the top is 9.52 / 15.5 = 61%. This is the inverse of the golden ratio, so it may recover from here. No guarantees, but I think it's a good buy.

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Take a look at ripple, falling back with a wick to moving average. It can break below, but it's unlikely considering a massive drop already.

I know XRP is unrelated with OMG, but most of these coins are still connected in some way.

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All indicators lead me to believe OMGUSD will be 70-90 in a few weeks.

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Sold the 9.52 buys at 11.82 just now, I might regret it, but whatever.

Trade closed: stop reached

Idea failed, original chart predicted bounce at previous resistance. it broke previous resistance. currently bagholding omg @ 12.42

UnknownUnicorn8174991

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UnknownUnicorn8174991