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
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Written by:
Arham Bheda
Senior Research Analyst
OMGUSD
OmiseGO, professionals at work.Important part of the ETH ecosystem, and Ethereum is doing very good lately.
I'm not that interested in ETH, so let's rather have a look at OmiseGO :)
Fundamental
So.. I've had OMG since I started the spreadsheet method.
It's in profit, but should have performed better considering the overall increases.
I'm holding on, and feel this is a very nice time for buying as well.
"Unbank the Banked with Ethereum" reads their webpage.
They are out to disrupt , and I can get behind that.
OmiseGO is founded in 2013! They are making progress and expanding rapidly.
"The secret behind the building of Omise’s success is our focus on understanding and addressing real business needs in an easy, integrated and secure manner.
Leveraging our in-house expertise in the payment market and experience in implementation and commercialization of financial products, we believe OmiseGO has the potential to be a global standard for exchange and payments."
- @Apompliano | The most intelligent engineers I know are all incredibly excited about OmiseGo (OMG). It is the...
OmiseGO does not hold the spotlight, but it has the potential to do so in the future.
Technical
My target is up at 62 USD , where you can see we have two fibs perfectly lined up.
We got a trendline, aswell as a channel. And we got a pitchfork to look for support/resistance :)
Bibox | Blog Post
Yesterday me and Koinworld got into Bibox, and it's returning good results already! ( Up 33%)
Exchanges got hacked again?! people are rushing to DEXNice risk reward trade technically, but this time I am going to throw you some backgrounds behind first.
Ever since 2013 the infamous hack, people are starting to realize that centralized exchanges are huge risk both for us and the whole cryptocurrency market.
We then experienced hack but fortunately that didn't drive them out of business, instead, they issued tokens and relieved.
And, here we are, as Forbes reported 'Crypto-Heist': Coincheck Hack Could Be The World's Biggest Ever Cryptocurrency Theft
bit.ly
534million worth of NEM 0.41% gone in a matter of seconds.
Just earlier today, 10 Jan 2018, We have ANOTHER!!!!!
The wall street journal reports, Cryptocurrency Worth $170 Million Missing From Italian Exchange
on.wsj.com
170million worth of NANO 3.91% this time.
ALL OF THE ABOVE will force people to look for DEX( decentralized exchanges), such as
#ico-neonexchange- * $OMG * $KNC * $BTS * BNT -1.79%
I'm going to allocate 30% of my portfolio into this space.
***Disclaimer***
This is just a personal opinion, NOT financial advice.
OMG - i love you - potential 200% in the mid-long termHi guys!
i love omg. seriously i do. i think this coin is great. Omisego wants to be a payment platform for mainly the asian region. It's parent company Omise, is already servicing a lot of Thailand's transactions already and has great partnerships lines up! Think long term, like 2020. Like Japan olympics 2020 :)
Buy: 13.70-17.09
Sell: 34 - 42
Fundamentals:
Oh my god can i get started.
1) Wallet release in q1
2) Staking by q2
3) Fiat gateways in the near future
4) Decentralised exchange coming up
5) PLASMA !!!!! Coming up too. Plasma is amazing and looks to rival visa and mastercards tps.
Mind you OMG is a long term coin, not a quick get rich pnd coin.
Technicals:
For now, it looks like OMG is in its consolidation phase. It has completed 3 of the 5 elliot impulse waves and we are currently in the 4th wave. Wave 2 had retraced perfectly onto the 0.618 levels, as has the 4th wave here and now we are consolidating. I used the USD chart because BTC was looking all over the place, so i came here to get better clarity.
Using fib extensions, wave 3 hit a high of around $28 which is around the 1.618 fib line, so its not wild to assume that OMG may hit the 2.618, but to be be conservative we'll take a more broader end range.
People will argue that wave 4 retraces into wave 1 territory, you're correct but only by a wick and not a body so the 4th corrective wave stands true.
I'm still new to these elliot waves and fibs. I am open to any criticism. Go ahead and grill me :)
OMGBTC Trade OpportunityOMGBTC is in an ascending channel.
MACD squeezing -> bullish
RSI bottoming out -> bullish
at ascending channel support -> bullish
OMG! OMISEGO GO GO GO! OMGBTC OMGUSDGreat chart formations on the OmiseGo markets.
Buyers that would like to speculate on the OMGBTC market will have to make p their minds soon.
We have a very nice bull flag forming here and we can see that the market has made a very nice cup on the 1 Day candles.
These kind of situations usually lead to very nice breakout trades on the crypto markets.
We can see the price moving between the support and resistance as it is correcting before the next move up.
Unless we see some major BAD Fundamental News for OMGBTC, this might be the last time see these prices.
On the bear side should support fail we will most likely see a very nice bounce back into the support zone. Safe trades.
Be sure to join the Best Crypto Hangout for free
OmiseGO OMG Forecast - January 2018 Sale!art shows how BTC's bleed dragged OMG coin down with it. OMG is currently trying to hold support level at 140,000. That support has already been broken and fib retracement (not shown in chart so as not to clutter) suggests next support level at 130,000. Hence it would be wise to place some orders between those levels.
Once BTC recovers, a reversal is expected and a bullish trend to form and potentially reach the flag targets in the coming days.
RSI: Oversold 35%
Events:
18 January 2018 Jun Hasegawa will be explaining OMG future plans
This is not an invesetment advice, always do your own research!
OMGUSD Hope This doesnt play out!OMGUSD made a harsh pullback. Unfortunately im anticiapting its continuation to finish the pullback, too hard to ignore but hope this doesnt play out. In short term we can expect to see a move up to the trendline, hopefully it breaks through and confirms a triganle breakout as oppose to this analysis. Good luck.