OMG/BTC Long Entry Looks like OMG is finding support and has been in consolidation for quite some time.
There has been some accumulations of large amounts of OMG as shown in the volume.
Entry at .00081-.00076
Stop Loss: Pay attention to the last support levels at .00065 and .00060, I am doubting we will reach this point.
Some very big potential gains here for OMG, any news will shoot this crypto up!
This idea is based solely on technical analysis.
Happy Trading!
OMGBTC
$OMG - getting ready for take off!Nothing dramatically changed with OMGBTC, the price is now close to my "best entry" point.
This is the area where OMG is likely to take off. When? I don't know, there are no huge fundamental news coming for OMG
2018 should be a big year though for OMG, this is the year where the product will actually be released - the blockchain and the wallet, probably with staking.
So this is more an investment advice, long term trading, you could start accumulating OMG at these prices.
Thanks! If questions, let me know.
OmiseGo possible selloff to short term trend line [OMG/BTC]In this rookie analysis I expect a short term selloff to the levels which would reach the support zone of the short term trend. Because there is a clear break out from a falling wedge, I personally think this is a trend shift and this is the start of the upward moving trend. Therefore my personal targets to sell are not yet decided, I am beginning to accumulate OmiseGo and update my trailing stop loss when the price begins to move. I believe this coin in the long term a as well as the fundamentals of the future project.
$OMG - Accumulation Periodit's time to start accumulating $OMG
OMG has been holding up great support even with BTC's bullish runs.
-With higher lows, slowing climbing the bottom of the support trend line.
-I drew out the projections of the EMA 20 & EMA 55. on the 1 Day chart.
-When both EMA's cross, it will be a confirmation for a new bullish trend.
First targets are marked as resistance, currently sitting on the buy area. .
Practice safe swing trading within the ascending triangle.
chinatown price line marked in chart.
OMGUSD (1D): Uptrend possible. Targets 8 > 10 > 12 > 15 > 19 USDOMG is based on the "Be your own bank" approach. It is engineered to use eWallets. It is based on the Ethereum. It will activate its own blockchain in the fourth quarter of 2017. OMG is a decentralized payment network that combines Fiat and cryptos. User do not need a bank account to use OMG.
After a strong start, the consolidation could be completed and an entry interesting.
Targets: 8 > 10 > 12 > 15 > 19 USD
Let's see what happens. Happy trading. :-)
#cryptocurrency $OMG.X possibly putting in a local bottom hereVery constructive base building over the past month here in OmiseGo. Risk/reward levels aren't that great, but current environment across all coins likely won't allow anything better before more attention comes to OMG. Slow entry into it with tighter mental stops can work. Current USD value around $8.70, should see ~$10.00, decent level for profit taking if you're just swinging short term moves. However, strong moves above $10 and ATHs near $15 could be possible.
Posted a recent blog post on where I saw Bitcoin moving short-term (thebitnote.com) and how the rest of the coins may behave - so far, many coins are behaving very well on Bitcoin price appreciation, in line with a shift in sentiment on Bitcoin vs. rest of the market. Keep that in mind when trading them, as their moves may become more long-lived and stable over the next few weeks.
$OMG - hitting rock bottom, almost out of the holeIt was a wild summer OmiseGo OMG! OmiseGo had a very good run caused by the well orchestrated hype marketing campaign with all those Vitalik and Google selfies. The price rocketed and probably made many millionaires overnight.
This surprised a lot of people, including the OmiseGo guys themselves, why?
Because the most important thing to know about OMG is that currently there is NO working product behind OMG.
The potential is huge, no doubt about it, but the roadmap is very, very long.
Long time people were very confused about a lot of positive news involving OMG, but actually coming from Omise. Only many weeks later, everyone realised Omise and OmiseGo are two different entities, and that even if 1. Omise is a very successful company and 2. OMG will help Omise become even more successful in the next years, for the time being there is nothing much to do with the OMG coins.
When this realisation hit, people started to sell, big time.
So here we are today. OMG was is downtrend for the past months and now it looks like it's finishing the bottoming pattern, the inversed head & shoulders.
Sooner or later, OMG should be ready to start another cycle.
When that happens, hard to say. The next notable fundamental news and roadmap milestone for OMG should be happening in summer 2018. Then you would be able to stake your OMG tokens, meaning generate a few percentage of more tokens automatically. This ia interesting for a lot of people, even if it's a low percentage and you need quite a big stack of coins for this.
Looking at the day chart, I see a sideways move at the moment. we have good support at 90 levels, and even stronger support at 60 levels. There is indeed a good chance the price (in BTC) can visit the 60 - 70 levels.
So in conclusion:
1. If you are already in it, a.k.a. Long HODLer, depending on your entry price, keep holding, but keep in mind, it might take a longer than a few months until the price goes back up.
2. if you are not into this yet, but you believe in OMG on the long term, you can definitely think about starting building a position as shown in the chart
a) first part of your money now agressively on the bottom of the range (90 levels).
b) another buy at 70 levels in case it goes there.
c) Keep the rest for when we break the range.
Let me know if that was helpful or if you see it otherwise.
Thanks!
OMG looking bullishOMG has made its second breakout between the consolidation of long term support and resistance that has touched all the highs. RSI has turned bullish and is moving upwards and we have just experienced a MACD crossover that indicates bullish movement. Hopefully this is a breakout that brings us to 110k+ sats. Tred carefully and set stop losses.