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OMG-BTC

Fractal Deja Vu - Can Anyone Identify These Patterns?These patterns keep popping up. Both of these charts started the pattern around the bottom of the selloff, but BTC broke and did other things about a week after the bottom. Looks like OMG is still going a month later. Are there any veteran traders out there who can identify these interlocking and inverted castle / H&S patterns by name? They look just like acoustic waves, so my best guess is that they are a resonance that appears in price when there exists 1. high volume, 2. roughly equal bearish and bullish pressure, and 3. something powerful to create a shock wave (like the huge V bottom on Feb 6th) through an otherwise balanced duality (like the market) Too Twilight Zone? My second guess is market manipulation. ;) Cheers! -B
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by befunkt
1
OMG/BTC Is Looking Bullish 200% + ROIHello, Trading View, Here is a buying opportunity. You can buy in now, bt if it double tops on you. Then you could lose money. So in my opinion you should wait until the breakout confirmation. Here is my opinion as to where you should put your buy ins and stop losses based upon how risky you want to play it. Buy-in: 0.00171350 Target 1: 0.00200580 - 25% Target 2: 0.00231309 - 25% Target 3: 0.00266647 - 25% Target 4: 0.00296608 - 25% Stoploss: 0.00129136 Conservative stoploss zone: 0.00148341 Very conservative stoploss zone: 0.00173693
Long
by StopLoss123
3
OMG/BTC - 2/16/2018As the price of OmiseGO has begun to steadily increase, a major point to consider is the retracement of the price. Due to this, I have applied a few fibonacci retracement levels that seem to be very relevant at this current price point. Recently bouncing off the 38.2% fib retracement level, OMG is now testing old resistance levels to see if this bullish push is able to continue. In terms of this resistance level, if the current candlestick and (preferrebly) the next close above this resistance level, this would be considered a solid entry point. Even more so if the price is able to surpass its previous high at 0.001844. If the price were to reach this level and reverse due to forming a double top pattern, the bearish targets would be around the 50% fib retracement level, where the most recent push started. This is not marked on the chart due to the slim chance that this will happen. I'm making the assumption that this level will be breached but very gradually due to the great decrease in recent volume. If the price doesn't continue to increase immediately after breaking the mentioned resistance level, the price may reverse and encounter strong support levels at the Leading span A of the ichimoku cloud, the 3/1 Gann fan line and the 61.8% level of the longer term fib retracement. This area is where I expect the most support to lie and be the reason for a bullish reversal that will lead the price to its next (higher) high price. Important Resistance Levels: 0.001992, 0.001802, 0.001629 Important Support Levels: 0.001409, 0.001122 DISCLAIMER WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK. CONFLICTS OF INTEREST GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN. Written by: Arham Bheda Senior Research Analyst
by EQBM
OMG Gains Looking Highly Likely - OMGBTC fib ratio tight Generally: This is a limited scope fib retracement, supporting the trend-based extension. I will regularly plot these for 6 or more pairs over the next 12 months in order to complete an backward looking analysis on a series on tools (TA and others), used by many in trading/investing in crypto. Now, on to a description of the current 1 day chart and some commentary. Fib retracements plotted on various low/high wicks between two date ranges: 7-14-2017 to 9-12-2017 and 12-8-2017 to 1-13-2018 The dotted white lines indicate confluence within each range. In two instances (see notes on left side), there was significant/tight confluence between the distinct ranges. Shown here, a Fib extension based on the retrace from 7-14-17 to 9-12-17. My take: deep regret I didn't plot the extension in mid-September and enter limit orders accordingly. Congrats to those who did, as I am confident there's a lot more upside in 2018. If you take a moment to place a Fib extension based on the 12-7-17 // 1-12-18 date range, you will see an overlap at Fib 50% or OMGBTC 0.002. You'll notice some other interesting patterns and consistencies as well. This is an instance whereby one could have blindly traded using this very basic tool and actually made considerable gains. If only we could identify the assets that play by the rules. If anyone has figured that out, lemme know ASAP. ;-| No advise here, other than to look elsewhere for advise. Thoughts and criticisms, however, are welcome.
by nycgrowler
OMISEGO BULLISH?OMGISEGO OMG/BTC Omisego looking bullish. - RSI @ 53, neutral but becoming oversold. - MACD trending well, last crossed on Feb. 6th, and continuing in new trend nicely. - Bollinger Bands have narrowed indicating a sideways trend may have formed for the time being. BUT they also seem to beginning to widen again, indicating another outbreak imminent, and with a current upwards price movement so far, the outbreak may very well be a bullish one. - Watch the Fib Retracement levels, if we can move upward past 0.5, expect further bullish movements. - Is continuing in recently formed upper price channel. - A beautiful reverse H&S seems to have completed, now awaiting outbreak. - Yellow lines forming ascending triangle. -Overall downward trend has reversed, but will trend reversal continue? That really all depends on what Bitcoin does.
by Vermillionz
5
OMG 400% Gains.... Great Opportunity!OMG has had a tremendous run up in price from June to September. So much hype around this coin and now it has pulled right back and had a bounce off a previous support established back in July in the approx .00043924 range The Roadmap for this project is still bright and the hype will return in my opinion. The RSI on the daily needs to cool off just a little and the MACD confirm a bearish signal which is great. We need a small pullback and for OMG to form a new higher low marked out on the chart. Once this from the trend is looking health and i will be more confident to make an entry.. This is a long hold into 2018 but will pay off Profit target are marked out in the A,B,C zones. Which line up nicely with the FIB levels and the previous resistances.. Happy Trading. :)
Long
by gillman_hugh