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OmiseGo / Bitcoin
Long

OMGBTC - Daily MA Cloud Breakout and Beyond

By philipdinu
Updated
OMG has recently had an edge to edge play on the daily cloud and has formed a white doji within the FAMA and MAMA. With the candles after the doji showing good bullish momentum, I will be watching price action for an entry.

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Opening up positions on price action.
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View of Daily Ichimoku Cloud edge to edge play:

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Trade closed: stop reached
+10%. Positions closed out when stop loss was hit due to BTC volatility.
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Opening positions back up on momentum move out of the 4h Cloud.

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Price is approaching target around +70%. Due to price action I will only be closing out a few positions to take profit and letting the others run to Target 2, +135% taken from the daily highs.

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Price just missed target 1 and as started a slight correction phase. Ehlers sentiment has flipped to bearish which is healthy before a trend continuation move. This is a good place to increase positions size or continue holding.

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Beyond Technical AnalysiscryptoCryptocurrencycryptotraderTechnical IndicatorsOMGOMGBTCTrend Analysis
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