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Writer's pictureMomentum Stock Alerts
Oct 14, 20172 min read

Members Trade Alert: $ETH limit order placed to add - pullback & breakout targets



BotTrigger: Crypto Trade Alert $ETH Limit order to buy/add @ $318.05 has been placed another 5% allocation. This would bring our entire allocation to a little over 30% for the Crpto folio. Before the correction started we unloaded our ETH around $335 and then our last buy alert we bought it all back $100 points lower around $230. ETH has performed strong bouncing off that bottom support level of this giant symmetrical triangle. If we get any kind of pullback here that would be a buy-the-dip-coupon. We have our limit order set strategically at former pivot high that was around $317 to $315. We're setting it a bit above that area to front run other technicians/traders who might be waiting for "exact targets." Rather, it's about "zones." So we want to be reloading/adding anywhere under $320. If we don't get this pullback then we will be forced to chase ETH higher. The next TBA (Technical Buy Area) is ETH anywhere above $351 = buy if the volume is above the 20 hourly average. Other than that, we will wait for lower. $ETH is clearly in an uptrend and right now ETH is en route to revisit the top range of this giant symmetrical triangle. A breakout of this triangle has a measured move, upside target of $650. We believe this is inevitably going to happen. If the technical story changes here, we'll be sure to update Members. In the meantime, we want to be overweight on ETH & BTC. BTC is also strong like bull here. As we've mentioned before, the $5,000 level will inevitably be revisited, which is where we would be adding more into BTC. For now, we're already very long there and just have to wait.

Crypto Trade Alert $ETH Limit order to buy/add @ $318.05 has been placed another 5% allocation. This would bring our entire allocation to a little over 30% for the Crpto folio. Before the correction started we unloaded our ETH around $335 and then our last buy alert we bought it all back $100 points lower around $230. ETH has performed strong bouncing off that bottom support level of this giant symmetrical triangle. If we get any kind of ... (check email)


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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