Short
$OMG - fundamentals aren't fun
This is why I trade price action more than fundamentals in the crpyto market.
The space is mostly full of gamblers and everything gets moved aggressively by BTC anyway.
OMG has some good fundamentals right now, but the accumulation promised by Twitter morons is nowhere to be seen.
Instead a market cycle pattern is playing out and I wonder if it will retrace to the point of origin - if it did, I would be a buyer...
This could be 2017 bias though, I had some good times with
OMG and always liked the team and the product... it feels like there's going to be life in the old dog yet in the coming months.
The space is mostly full of gamblers and everything gets moved aggressively by BTC anyway.
OMG has some good fundamentals right now, but the accumulation promised by Twitter morons is nowhere to be seen.
Instead a market cycle pattern is playing out and I wonder if it will retrace to the point of origin - if it did, I would be a buyer...
This could be 2017 bias though, I had some good times with
OMG and always liked the team and the product... it feels like there's going to be life in the old dog yet in the coming months.Note
I still think this is heading down, just going to wick up to that resistance.Note
I still think I'm right about this one mid-term
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.