TechCrunch Disrupt : OMG to $15 level 30% Profit Opportunitytechcrunch.com
9:45 AM – 10:10 AM (PDT)
Understanding ICOs with Eyal Hertzog (Bancor Protocol), Dan Morehead (Pantera Capital), and Jun Hasegawa (OmiseGO)
A panel of cryptocurrency experts will discuss how token sales are changing the way startups are funded and how ICOs will affect venture capital.
Trading around noted fib levels will get you some big profits. Planning to increase my OMG coins by 50%
Will update the idea for the exact timing & levels after analysing the first reactions and current/future orderbook.
Good luck to y'all altcoin people <3
Omisego
O My God - I wanna buy this so Bad, right now!!! OMGI blew this trade so bad, I was studying the white papers on OMG in early August when it was about a $1.20.... It got put on hold because nothing moves this fast and I have a stack of white papers I wanted to get thru. One day I thought about it and looked it up and I said O My God, it was 8 dollars. Then it went higher, and higher. So this is where discpline comes in, this discpline crap is a lonely life, its no fun at all, but this is what seperates the Winners from the Losers.... I got that fever where I wanted to trade just to get revenge cause I missed this, then it got worse cause it kept going higher and I felt like I was being left out. I felt so defeated and torn that I was thinking I should just close my eyes, roll the dice and push buy. Luckily I associate emotional trading with emotional pain, and if you lose enough money, you will develop this special skill too ;-).
First of all, the price is high, its too high, if you buy it right now, you are gonna be in a world of pain, Nothing goes up forever, except "Bitcoin", and this has made a massive move, I mean huge in terms of percentage points, I dont even know how many zeroes in percentage points this thing moved. So anyways, It looks like its ready to trade sideways and bounce around for a bit, if you look at my buy zone, you will see it is right below a volume stick and the "POC", The Point of Control, its nothing fancy, no complex math formula, it is simply a high volume node, I like to use this when I cant find an entry point, so I throw this up with some FIBS and came up with this buy point, the POC is simply a price where traders did a lot of business, they liked this price for whatever reason and there is a good chance they will defend this price, they defend it by buying more there.
What you want to do here is put in a standing limit order between $7 and $8 dollars with a really tight stop, My motto is "Its not how much you can make, its how much do you want to lose to make it", If you want to buy higher and take 4 or 5 dollars of heat, its your money and be my guest, It simply stresses me out to much and I dont like to lose money, so I dont risk a lot of money to get in a trade, this is why entry points are crucial for me. Anyways, Trading is going to be insane around that POC, why? Cause traders like that price and they want to do business there for some reason. So we want to catch those spikes that blast down into the buyzone and get bought back up, think of OMG as going "On Sale" everytime it dips in the buy zone. if you look at a lot of the most recent candles you will see that they all have wicks, on both sides. This happens because there is an equilibrium of buyers and sellers, they are happy together here, everyone is getting what they want and they have found VALUE here. There is always a chance this will not happen and we miss the trade, but thats ok, we only want the best trades with the lowest risk at stellar prices. OMG has 5 dollar swings, thats pretty serious when you are trading large, so try my idea here if you want a stress free trade. I have no Idea when it will get there, this is a Daily chart so it could be many days before it wanders to that area. So just set your orders and go about your business and one day it will get filled, these volatile currencies tend to have big spikes down and up, so you dont want to miss these. You can also put your Order just above the POC or right on it, it can be pretty tough support at times. But the flip side is that when it fails, you dont have to second guess it, that is why you can have such tight stops.
Good luck!
Be patient
You are waiting at the Buy Zone, so let the trade come to you......
Dont run after it.......
OMGBTC wave 5 off elliot wave cycle after ABC correctionFirst and foremost, it's too late to chase it!!!
-Prime entries were points 2 and 4 on second set of elliot waves in purple.
- Fibonacci levels are respected and projected here in this analysis.
-Stoch RSI is turn up.
-OMG has a great presence in the market.
Do not be suprised to see this coin rally for new highs.
I keep it simple. Let's see how my analysis pans out.
OmiseGo double top reversal - 2 potential target pricesOMGUSD is showing a fairly clear double top reversal to me right now. no guarantee, but I highly doubt in the shorter term that it will break the hard ceiling at ~$13.60. target prices are shown in the chart - first tp is the more obvious support level, second tp is a potential target based on the pattern projection.
Omisego Catching the Bitcoin Corrective TsunamiThere is a bearish pennant chart pattern across all cryptos that began on Sept. 8, and has now broken out. What’s remarkable is that it’s occurring across all cryptos. This suggests to me that there is a move underway, which will affect all cryptos. Specifically, I’ve already written about the Bitcoin tsunami, where I am expecting a correction down to the $3000-$3500 range, and possibly deeper if the conditions are right.
Bitcoin dictates the broad bearish or bullish trend of the entire crypto market. Within that broad structure, all other cryptos can have their own unique bearish or bullish trends or counter-trends. But they are comparatively much smaller movements within the broader picture. When there are large movements in Bitcoin, it brings everything with it.
Add to this the bearish pennant across all cryptos, the steep loss of momentum and volume, and we have a recipe for a deep market-wide correction. The targets I’m providing are for the various Fibonacci retracement and extension levels of corrective ABC Elliott Wave for Omisego, or Wave ((ii)). The deeper the Bticoin correction, the deeper these levels get activated.
Target I: Wave C ≈ Fib. 1.0 x Wave A ($9.09)
Target II: Wave ((ii)) ≈ Fib. 0.764 x Wave ((i)) ($8.55)
Target III: Wave ((ii)) ≈ Fib. 0.854 x Wave ((i)) ($8.30)
Target IV: Wave C ≈ Fib. 1.236 x Wave A ($8.28)
Target V: Wave C ≈ Fib. 1.618 x Wave A ($7.03)
Target Range: $7.03-$9.09
OMG making all the right movesBITFINEX:OMGUSD I'm a bullish on this altcoin due to several factors:
1) Technical factors:
Present: Price above the kumo (cloud).
Past: Recent TK crossover, chikou span above price action.
Future: Bullish Kumo 30 bars ahead.
2) Fundamental factors: Partnership discussion with Google going on and rumors that Taiwan's banking system will be switching to Plasma and subsequently using OMG.
OMISEGO: Bat FormationOmisego recently made new highs. The question is, should you buy this level? I personally do not like buying at new highs, because the chance of it rolling over is high. Often time you will find new highs will be followed by a retrace back to multiple previous support area. But at these level, opportunities are presented if you can identify them. Here I see a bat formation forming to retest the new high. This trade can give us a 17% with a 5% loss. What are your thoughts?
Trade with care.
I dont see OMG pulling back just yetOmiseGo has jumped up quite a bit in the last few hours so you could concider a pull back to a support at some point. However, I cant see any other indicators that would stop it from continuing long. Its created a nice head and shoulder pattern along with the flag poll. People have seen it pump up quite a bit recently so has a strong reputation. Im expecting at least 15% rise :)
OMG Blue SkiesOMG we were cautious of a daily equilibrium pattern (last nights video) but the hourly higher low maintained overnight leading to a breakout this morning.
All time highs and no resistance, ideal for bulls.
Hype and momentum on the back of a conference with GNT today in Berlin.
Cautious of a sell the news reaction, but bulls currently in full control after GNT ran last night.
OMGUSD - short term short, consolodation phase, resume bullOMG falling on hourly, symmetrical triangle forming on larger pattern. This will take time to consolidate. Good resistance around $10 for a bounce, can buy at $8.67 on larger time scale, if trendlines remain unbroken.
Look for consolidation, followed by a breakout to $15. Think longer term on the upswing.
Just my idea, please share your thoughts.