Oh My Gosh OMG!!!!Just want to make a short post. I'll present here the daily chart. Price broke above kijun and cloud while also showing a possible TK cross. Extremely bullish in my opinion because OMG, I believe is one of the few cryptos to have a kumo breakout on the daily!!!
Added here is the 4 hr chart. As you can see, price is above the kumo but we already knew that from the dailies. What we're after here is the short retracement to the kijun-sen. We can see that price refuse to go down below. So for all of you guys who were late to the party... this would be a good time to buy seeing that OMG also has other good stuff in store for us in their roadmap c:
Omisego
OmiseGo big volumeCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange working on a base of Ethereum technology. The OMG network is a scaling solution for the finance sector, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure.
Token OMG is one of the highest by the market cap ER20 based project in the world and was the first Ethereum based project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and designed by the creator of Lightning Network and Plasma, Joseph Poon.
Latest News
On April 10 announced about Dai and OMG Collaboration.
Technicals
After the last review, OMGBTC showed significant growth, broke above the Bearish Trend Line and 100-days EMA. Today noticeably large volume was traded through the coin and dragged the price above the 0.0016 level to the 0.0022 high. An overall bias of the coin looks like a strong reversal pattern and beginning of new growth cycle. Now the OMG went into correctional movement after the upward impulse, and if the price holds above the newly formed Bullish Trend Line, we could expect further upward development. A breakthrough above the 0.002 - 0.0022 will open the way to next maximum at 0.003 level.
OMGBTC: Double Bottom Formation CompletedWhen a chart forms a "Double Bottom", the price should go up as much as the height of the triangles.
Target: 0.00171 BTC
Not an investment advice, please do your own research.
OMG/ETH Crystal Ball hasn’t failed me yetThese last couple of weeks have been great if you’ve been following OmiseGO. There hasn’t really been any deception in the OMG/ETH chart and the swing trade I opened last week has developed perfectly up to this point. I’ve closed 20% of my initial position at 0.025, and my second sell order for another 20% closed at 0.0285 in the middle of today’s rocket of a green candle. The third 20% closed near the top of the candle at 0.034.
I’m expecting a retrace/consolidation back to the 0.025 level before our next big move towards the 0.038 level where I’ll close another 20%. The last 20% will be a dynamic trade that I plan to develop once we receive news of the Cosmos OMG airdrop. I try to rely on prominent historical resistance and support levels, but I’m really only relying on speculation of how high this could go in anticipation of the “hard spoon”. I’m not going to rule out closing the last 20% of my initial 0.0225 OMG/ETH position around the 0.06-0.065 levels.
We’re in for a fun April and May OmiseBros.
- Peace -
OMGUSD (OmiseGo) 1hr tf chart patternThe meandering price action of OMGUSD (OmiseGo) based on its 1hr tf is captured in this analysis using an ascending triangle chart pattern. The width of the triangle (vertical black arrow) is ~$9.82 - $7.92 = $1.90.
Possible target area for price after a breakout above the horizontal line of the chart pattern involves vertical projection of width of the triangle (calculated above) onto a breakout above the horizontal line. Doing this, a breakout above the apex of the triangle could see OMGUSD hit $11.72 (Target area).
The alternative chart pattern that is also described by the same price action for OMGUSD would be a complex, inverted Head and shoulder pattern (not shown in this post). For this pattern to be confirmed, price action would have to close above the neckline of the pattern. The neckline in this case is also the same as the horizontal line of the ascending triangle chart pattern.
OMG is about to MOON on news of HARD SPOON!The bull flag trade I initiated last weekend is starting to play out perfectly!
With the announcement that the hard spooned Cosmos OMG tokens will be tradable and stakable, I believe that people will be FOMO'ing into OMG to essentially receive double the tokens. There will be an announcement 2-weeks prior to the airdrop snapshot, and OMG holders will have to withdraw their tokens off of exchanges to wallets where they own private keys to receive the airdrop. I will be trading this news and anticipate a SHARP increase in OMG/ETH over the coming weeks.
My average buy order for this position was 0.0225 and I just sold 20% at 0.025. My plan is to take profit on 80% of the position at several key levels. Once the 2-week countdown starts, I'm going to try to sell the remaining 20% at a premium to a straggler trying to FOMO into the airdrop. Am I a shitty person for this? Maybe. Do I think I can capitalize on people's fear of missing the boat? Definitely.
20% sold @ 0.025
20% sell order @ 0.028
20% sell order @ 0.034
20% sell order @ 0.0385
20% sell order @ moon
- Peace -
OMG could be back on the up!OMGETH has broken out of downwards channel and looks like it could be starting its wave 3.
This probably wont make a huge amount of difference to the US$ price until ETH and BTC start a new rally upwards. Then the leverage against them will send OMG price soaring to the moon ;)
OmiseGo will rise with EthereumCoin of the day is OmiseGo.
OmiseGO is an open payment platform and decentralized exchange issued on a base of Ethereum technology. The OMG network is a scaling solution for finance on Ethereum, enabling transparent, peer-to-peer transactions in real-time. The company slogan is "Unbank the Banked" and the stated objective is to provide better financial services for everyone, including both people who use traditional banking services and people in developing countries and locales which lack traditional banking infrastructure. Its token OMG is one of the highest by the market cap Ethereum project in the world and was the first Ethereum project to exceed $1 billion valuation. The project is supported by co-founders of Ethereum: Vitalik Buterin and Gavin Wood, and is designed by the creator of Lightning Network and Plasma, Joseph Poon. On 28.02.2018 the team opened publicly SDK and eWallet repositories.
OMGBTC peak formed at 12.09.2017 close to the 0.0033 BTC, after that the coin went into recession. Downward movement stopped at 02.12.2017 on the 0.00045 BTC mark, and the uptrend emerged. Currently, OMG is trading in the lateral correction pattern to the 02.12.2017 - 28.02.2018 uptrend, and recently showed rebound signs, which could be pointers on the end of the correction and beginning of the next growth cycle.
OMGBTC is drawing a rebound pattern from the 0.0012 level; high volumes supported the upward impulse. From the downside, 0.0012 and 0.00115 levels will serve as a support for the bullish scenario, if the price will drop below these levels - correction/downtrend scenario should be considered. From the upside, a breakthrough of the 0.0014 level and 100-days EMA will confirm the uptrend scenario.
OMG-BTC SIGNALWe got Divergence and it's looking good to buy.
keep maintain money management in all trades.
Thank you
Bargain OMG coming soon?Although OMGETH seems to be back on the up. The same cannot be said for ETH and BTC in the short term.
There is a large (bullish) falling wedge with a potential ABCDE triangle inside. It may be possible to scoop up some OMG for $4- $5 in the coming weeks before we break out of the triangle.
I for one will have a buy order sitting there just in case it happens while I'm sleeping.
Good luck trading! :)
Bitcoin in a Wedgie, Altcoins could BoomSummary: Hold cash in your trading funds for a breakout to the upside and hold your investment positions.
Trading on margin is a fools game in this market it's screaming short squeeze.
We have been in a Bulkowski's Descending Broadening Wedge formation for the last 8 days or so. According to the rules for a long term bull market we have touched the bottom of the wedge for the 3rd time at March 30th and that should have been a buy.
However I did not buy, since the volume was not supportive of a buy in my opinion. I am also considering Bitcoin to be in a short to mid term bear market with a long term bull market still in place. If you take a look at the ellipse on my chart it highlights what I consider to be a very dangerous area. A cross of the price at the intersection of the line labeled previous downtrend support, the bottom of the descending wedge, and the descending red dotted line of the long term decent would be very bad. If the price were to cross the 4560 area in any case it would be likely that prices could decent to the 3627 quickly and then lower.
The RSI wants to go up as well as the MACD. Watch for a breakout over the upper yellow line of the descending wedge. That will be a sign to go on alert for a possible trade. If we should get a breakout above the 7250 range, then the current downtrend should be over and a new trade can be opened. If a trade opens then be watchful of the 60 Period EMA in Red above which is currently around 7557 for strong resistance and a possible pullback. A close above the EMA would be very postitive.
When the market breaks to the upside on Bitcoin, I will also add to my alts, top of my list currently are Verge XVG, Lumens XLM, OmiseGo OMG, Dash, Waves, and Golem. All of these are solid projects with good teams and have the ability to quickly rebound by 300% to 500% in price.
Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work.
All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor.
Wishing you success,
Isaac `
OMG - Strong Breakout - News About Hard spoonOmiseGO OMG - Strong Breakout - News About Hard spoon - Opportunity For Good Profits
Buy at :
0.00123000 - 0.00126000
Target 1 ; 0.0013000
Target 2 ; 0.0013700
Target 3 ; 0.0015000
Target 4 ; 0.0019000
Target 5 ; 0.0020500
News from Official Twitter
twitter.com
Good Luck!
OMG/ETH Bull Flag Swing TradeAfter further analysis of the Bull Flag chart that I posted yesterday, I have decided to place a buy order at 0.0205 for a swing trade on OMG/ETH. I believe that there is pent up demand and interest around this project that will lead to a parabolic increase in price once more information is announced regarding staking, partnerships that are currently under NDAs and plans for on/off ramps for fiat-crypto. Based on OMG's roadmap as well as updates that I've been following on Plasma and their SDK, my three-month upside target for this position is 0.08 OMG/ETH and I believe that fluctuating ETH/USD prices will have NO effect on its trajectory . I plan to take profit at 3 key support/resistance pivot points of 0.025, 0.0325 and 0.0385. I will set a tight stop-loss at 0.01985.
On a side note, I don't intend to exit any of my other positions or add fiat to make this trade. Instead, I've decided to collateralize a good portion of ETH into MakerDAO's smart contract CDP system, draw DAI and use it to buy the ETH that I'll use to purchase the OMG. I can't get over how cool it is that I can collateralize my crypto assets on the blockchain and extract value to use for growing my portfolio. Once BTC makes a bullish reversal and the entire market heads back towards ATHs, I plan on collateralizing more ETH and swing trading on margin.
2018 should be full of surprises in this ecosystem, and I fully intend to make money on these emerging technologies.
**full disclosure--I'm long OMG and have maintained a position since Fall 2017. This trade is set up for short-term profit, and I don't intend to touch my long-term OMG holdings for at least 2-3 years.
- Peace -
Next Year We Will Say 'OMG!'OmiseGO is one of the strongest projects in the market. It has already use cases and the possible Coinbase entry take this beast to the moon.
As you can see on the chart, I marked the area that I will look for an entry.
0,5 fibonacci level has been a good support so far for the price. But I'm willing to wait for either market stability or a bounce of 0,618 level to buy some.
I'm sure that if everything goes right, OMG will be one of the "winners" of 2018-2019.
OMG $OMG #OmiseGO - Still LONG - quick update from last chart. it sits still within the channel and happy to hold till target reached.
OMG Bull Flag & Ascending WedgeOmiseGO Community is anticipating news next week and has been holding its ETH ratio in a very bearish market. For these reasons, I remain bullish in the short term and plan on trading this pair. If there are any announcements of partnerships that were previously under NDAs once their ewallet SDK goes live on Honte, I plan to play a . Look for a bullish break out sometime leading up to the upcoming townhall meeting on April 4.
BTC and ETH can do what they want, OMG is about to go up.
- Peace -