OMGBTC trade ideas
$OMG Trading Idea & 2018 Price Projection for #OmiseGOFollowing-on from its successful launch and fantastic run-up in the Crypto markets in the second half of 2017, $OMG has been able to quickly establish itself as a kind of "non-controversial" token, which most Crypto Currency enthusiasts accept as one that has a very good chance of delivering on that coveted promise of "Real World Adoption".
OmiseGO has many things going for it that most other projects don't, most notably are its association with the already established payments solutions company Omise in South East Asia, and the stellar list of individuals that are listed as advisors.
As someone who follows the space very closely, it seems as though VItalik Buterin has been supporting and promoting $OMG almost as much as he has been promoting Ethereum. This perception is potentially due to the PR efforts of the OmiseGO team, but either way, I view their useful use of marketing as a huge plus for the projects chance to be successful as well as a good investment.
Broadly speaking, it's my belief that in the coming years we will see the Digital Currency space fragment into different sectors/niches, utilities and regions. If this were to be the outcome and Crypto Currencies are indeed going to become "The Norm", it's very likely that a token like $OMG will come-out as a leader in the Asia-Pacific region. A region where #CryptoMania has exploded over the last 12 months.
In the meantime, my price projection is based on the theory that $OMG will have the type of year that $LTC & $DASH had in 2017. In the context of the volatile and unpredictable Crypto markets, $OMG is perhaps one of the safest bets to have a solid bullish run throughout #AltSeason2018.
For more information about OmiseGO:
omisego.network
For more information about Omise:
www.omise.co
Updated OMG Idea on the hourly chartLooks like OMG could be forming a bit of a longer consolidation pattern before continuing on. Looks to be moving in one of two possible channels which are marked. Retracement of last wave hit the 50% level nicely and the pattern is forming lower highs and higher lows. I've indicated a couple of possible sell targets in red. Good buy zones could be either at the bottom of the triangle or wait for the breakout of the upper trend line of the triangle to confirm a breakout. Always set sensible stops and have a clear strategy for managing trade sizes.
$OMG Bull FlagSometimes all you see are bull flags. Market has been ripe with them lately and $OMG is no different. Linear Regression looked bearish on the short term during the day but has been sliding in the bullish direction. Everything looks like $OMG is about to make its next leg up. Long term hodl but excited to see some movement after the Korean FUD.
Definitely a safe time to add some more to your $OMG holdings before it moves up once again.
OMG Mild Bear ComingI'm theorizing that as the Kijun (yellow) line crosses over the Tenkan (blue), we'll see a TK cross that will result in a mild bear run if the cross happens above the cloud. Keep in mind, this is on the 4 hr standard so we may not see the bear for a few more days.
I'm predicting some good OMG buy opportunities. Keep eyes on the MA 50, 100, 200; they are all positive so this notes that the overall outlook for OMG is bullish, with the TK cross giving it a short-term bear run (whenever that happens).
OMG to about $80If OMG follows this channel it should be getting ready to move to .0065 BTC which at $13k would price OMG around $84 USD (I'm not as bullish on BTC right now and think it might go sideways a bit longer which gives alts like OMG a chance to move up). OMG has been moving sideways for many months and is highly undervalued. When their tech goes live it'll be an extremely impressive thing to watch - instant transactions over Plasma network. I think we'll see it move up soon and then consolidate for a few months and move up again later this year. I consider OMG a good 3+ year hodl but it will pay off well.
OMGBTC road aheadI have been hodling the bag for this for too long, this is my hope, my wish, my vision of OMG road ahead.
OMG MOVING UP WAVE 5 NOW I've been in OMG for months and was just simply holding... but then when started charting it I think I've located a move in progress. I see some others have been talking about this as well today.
Here's my take.
1. Wave 5 started at the end of Wave 4 (consolidation period)
2. I think the Red Triangle Zone shown is the last of the consolidation as it has finally popped up over the top of it...
3. Used Fib Trend Line Extention to locate the 1.618 level as first target at about $30 or .00275 BTC currently
4. I made a Sell Zone box for those who would layer their sells orders - use as you see fit.
5. Let's hope we sell before the target and then it retraces .618 so we can rebuy and watch it moon:)
OMG: Big Run ComingIf you have been following Crypto for over at least 1 year. You would know Omisego is one of the project many people look forward to. Initially it had a huge run up and then a period where it was brought down to ATL, like many coins. However, Omisego has yet to explode in the way other coins did. If you check out Stellar Lumens before it big move. It is similar to this setup. I believe OMG will be running within this next few days. Check my old post on Omisego for a better perspective. What are your thoughts?
Trade with care.
OMG bullflag on multiple hourly time framesHey guys I have a couple of charts that are looking bullish today that I want to post. To get it started we are taking a look at OMGBTC. Clear bullflag on the 4hour time frame here. We tested a breakout last night with no follow thru but its looking like we may breakout today. Short term target is in the green box near the 0.618 FIB zone. I have been an early investor into omg and have seen close to a 10x on my investment in the past couple of months. Regardless of that the chart looks good so this is one to keep an eye on for sure. Let me know what you guys think, thanks for checking this out. More to come.
PS buy the breakout, OMG faked me out last night so just wait for a clear breakout to buy. As always DYOR