OMGBTC
OMG -- great time to take partial prof HAS MORE ROOM To run ! -- actually very very close to a cup and handle when viewed like this -- even when looking at volume !
but this is a nice profit grab and keep in mind it will be moving up over the next week ! hold onto at least 50 percent ...
NAMASTE
OMG - Omisego In a Cup and Handle Pattern.Hey, I am back with another Trade Idea.
This time looking at Omisego , Token that I am strongly bullish on and holding some OMG tokens.
Strong team, great project, even Vitalik is strongly believing in Omisego.
Looking at Chart.
You can see a Cup and Handle that has been formed, there is a lot of Cup and Handles lately, that is just showing how all these altcoins follow bitcoin. The bounce zone can be around 163500 sat.
Indicators .
MACD looking to fall a bit to support, but the 4 hours seems bullish.
RSI is under 66 which was Omisego Bullish zone, I am looking for a bounce at 45 RSI back to high bullish levels.
Hope I made your view on whats going on with Omisego somehow clearer.
If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!
OMGBTC Recount my error waveI made a mistake on my count, and how am I recount and adjust my count to be valid as:
- Indicator is a tool for me to spot divergent as it act as the 3rd and 5th implusive wave and totally cannot ignore it.
TA:
- C wave complete confirmation / trendbreakout / 5 subwave
- Since B wave retrace heavly and sub 3 wave for A wave, it high possible to be flat correction to finish as 1 and 2 wave
- Strong structure support level
- Confirmation for 1 and 2 wave is to breakout the current high resistant to ride for 3rd wave.
FA:
Nil
TP:
- wait till C wave confirmation to have better confluences
Conclusion:
-Be open mind, remember your check list for validation. Sometime wave count is not the only tool or magic trade. It can be error while keep leaerning and implement to suit your system.
-Waiting C wave completion / Trend breakout
- Since B wave retrace heavly and sub 3 wave for A wave, it high possible to be flat correction to finish as 1 and 2 wave potential for 3rd wave with strong support level.
- Confirmation for 1 and 2 wave is to breakout the current high resistant to ride for 3rd wave.
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OMG! - Beautiful purple cup & handle for Omisego?!I was looking at the chart of OMG and I immediately saw this beautiful purple cup with a forming handle. The trend is sideways to downward for the moment (mostly downward), so that the handle can be formed. You can also see that confirmed in the MACD (death cross on the daily) and clear overboughtness in the RSI.
This makes me to believe that we are likely looking at an almost textbook cup & handle, that shall have to retrace back up soon to the 195877 satoshi area. If that resistance area is broken, we are in for some serious upward potential.
Next targets would be around 221670 at and 247463.
BUT, we are not there yet, first expect some reddish candles to steal the show.
Let’s stay tuned, watching closely from the sidelines.
OmiseGO OMG 1 Day Technical AnalysisAnother great longterm hold
- Look amazing for OMG, not to mention the fundamentals alone.
- I see a bull pennant forming and a breakout soon
- Watch for resistance at the next resistance line
- Price had been staggering around the $15 lately
- If the cup and handle completes, we will see a major spike
Feel free to take profits at those areas, for OMG it's a long term hold for me
***$DYOR and happy trading
***Would love to have you in my Crypto League Cryptocurrency Discord >>> discord.gg
Kijun BounceGood Kijun Bounce here. With BTC on the rise the alts are cooling down and returning to their means (Kijun). I use the settings (20,60,120,30). I got this from Chaos trader and his 100 MA Kumo breakout strategy and Josh O. on Youtube. Check out their channels. They both have a lot of great stuff on Ichimoku Hyo Kinko and fractal trade setups/
OMGBTC: Formed "Cup with Handle", Target: 0.0251Being one of the strongest alts during the bear season, OMG just completed cup with handle formation as it broke the downtrend after the cup shape.
Two weeks ago, I shared another OMG chart when it formed a double bottom, and it worked well:
Now it's second round :)
Target: 0.0251 BTC (44% increase from today's price).
Not an investment advice. Please DYOR.
OmiseGo [Parallel Channel Long]Very Bullish on OmiseGO, I love this coin and have been around for a while. It is a Subsidiary of Omise a online payment gateway service provider
in Southeast Asia.
What They Want To Provide:
They Want to create the OMG Money Gateway as a scaling solution for Ethereum focused on payments, trades. etc in both crypto and fiat. OMG is open source and public. Also a upcoming Decentralized Exchange (DEX)
will be secured by Ethereum and built to the limits by using Plasma architecture, able to interact with Bitcoin (or Like blockchains). Read more (The Official Guide, "What is OmiseGO?")
Dyor,
The Official Guide:
cdn.omise.co
White Paper:
cdn.omise.co
Roadmap:
blog.omisego.network
Daily Discussion - April 06, 2018:
www.reddit.com
Latest News:
(South Korea’s Largest Banks Go Pro-Cryptocurrency as OmiseGo Secures Deal)
www.ccn.com
Vitalik Buterin and OmiseGo Announce $1Million in Donation to Refugees
btcmanager.com
Links:
omisego.network
etherscan.io
github.com
twitter.com
blog.omisego.network
reddit.com
chat.omisego.network
www.facebook.com
OMG sell zoneReached recent ATH for the third time. The risk/reward ratio does not seem as attractive as other alts. Happy to take profits there.
OPORTUNIDAD GIGANTESCA EN OMG! Hola buen día a todos, como podemos ver omg a estado formando un triangulo ascendente y un couple and handle (taza y mango)... son 2 figuras extremadamente alcistas así que posiblemente podríamos ver una explosión de precio si se llegan a cumplir... yo recomendaría entrar en posición desde ya, ya que el sábado (4/20/2018) omg se en listara en un exchange nuevo, por lo que entrara volumen y hay muchas posibilidades que omg vaya a la luna! :p
link del exchange: ZB.COM
OMG/BTC - 4/19/2018Good Morning, Traders!
OMG has gone bearish starting at the beginning of March and just recently retraced 100% of that price. As the price went bearish, it was hit by the 2/1 Gann fan line matched with a previous support line of 1181 and caused a reversal in the price. Similarly just a few days ago the price reached the 1/1 Gann fan line and fell back beneath it.
According to the Ichimoku cloud, the price is predicted to go bearish and be hit by the cloud as a support line. If this prediction occurs, it can be expected to be hit by one of the support lines of 1620 and 1436, both of which are matched with Fibonacci retracement levels.
The RSI indicator entered in an overbought phase 3 days ago and continues to remain above the 70 mark. This indicates that people will naturally start to sell in order for the RSI to fall back into the normal area.
Important Resistance Levels: 1936, 2236
Important Support levels: 1436, 1620, 1766
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:
Hammad Fazlani
Research Analyst
OMGBTCOMG after that huge spike has found a second new higher level of support. It is repeating a similar pattern of consolidation which happened just before the most recent push. There is a potential new up trend that may form if it hits and bounces here which will send it up to retest a daily resistance at 193233 sats.
Watching closely for a bounce off the trend line.
OMG/BTC trade, placed my positionHere we go fellas. not much to say. You can follow my trades. Buy and Rebuy positions set. Sell Target.
Good luck trading,
bitcoin-089