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OmiseGo / Bitcoin

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OMGBTC trade ideas

OMGBTC: close to a bottom?OmiseGo may be close to a bottom. We have already retraced to the .618 of the first impulse. On the lower timeframe a triangle seems to be forming, which is an indication that the next drop may be the final drop. The market seems to really want to hit the 1.618 extension of the A wave. Triangles most commonly form in the wave 4 position, prior to the final drop in the wave 5. Sadly, there is no way to know that wave 5 is the final drop in the C wave. In any case I am long-term bullish on OmiseGo as it exhibited a very clear impulsive structure since its ICO. Therefore I see this correction as an opportunity to accumulate more OmiseGo.
by Al3x_2020
1
If I just had more BTC to spend...Those market insanity occasions are when I'd love my btc balance to be higher, so that I could buy more alts. Everything is going down, and the best altcoins aren't spared. I'll give you my short list, which could be way longer: OMG WTC LINK BNB NEO ARK MTL LSK I believe they're all sure fires, which will go back up once the craze ends. I don't exclude them going down further before Nov Fork, and that's the reason why you should average your buys in time. BTW, everything below fib .50 is gold to me. If OMG goes @.618 retracement, I'll definitely pour what I have left in it!! Happy trading everyone!
by lukescream
OMG Falling Wedge Breakout - Possible New ATHsOMG breaking out of falling wedge & overall ALT market decline. #1 on Bittrex right now with 25% more volume than the next runner-up (NEO). Lots of hype behind this coin. If it's able to break past resistance and the fib level around 214-216k and find support about the 21d and 50d MAs, it is likely to set ATHs. Good luck all! For calls like this and more, visit us at Sippycup Trading! Website: www.sippycuptrading.com Discord Chat Server: discord.gg
Long
by Coinology
1
$OMG showing strong signs of recoverySeems to me that OMG completed a 61,8 correction of the total upmove from the beginning. This means, a new trend has started which should be leg 3 in a total of 5 legs. Top of the leg (which just started) might be somewhere towards 0,0045 (rough calculation). To give this leg some good start, it needs first to break the yellow trendline and at a later stage the blue line. The above mentioned target is long term, first of all we need to see a continuation of this recovery process. Will update when I see its going in the right direction. Update: cant change the chart anymore, I accidently deleted the fibo calculation on the Daily chart, but from bottom to top, we made a 61,8% correction.
Long
by Crypto_Ed
6
NEO - OMG Adding to the Core!If you read my Sept 13th post I said "get rid of losers not your core holdings". Get that wallet trimmed up with only thoroughbreds is what you do during corrections. Cash is going to be king soon and as I posted I closed out all my trades prior to this pullback in altcoins. Nothing like sitting on cash when it's black friday! I like NEO here and have added a small position and will look to add another position or two as the market unwinds. I was willing to pay $35 a month ago and as corrections unfold I think we are getting near the bottom as the NEOBTC chart shows. Almost 20% down from my initial entry. I also like OMG here and have added the same! I am monitoring other coins but I feel comfortable adding these two in a small increments to accumulate for the long term. Again this is not a short term trade this is part of my long term holdings, so though I am aware of the market conditions, I do not care once I enter. Hence coming in in small blocks! THIS IS FOR LONG TERM INVESTING!!! I KNOW I MENTIONED AT LEAST TWICE SO IN ONE WEEK I DO NOT WANT TO SEE "OHH YOU WERE WRONG"!!!! READ THE ARTICLES IF YOUR GOING TO COMMENT!
Long
by goldbug1
65
OMG predictionWent through the last resistance like a knife through butter, but hopefully the next resistance level at 0,5fib (153 - 163) will hold and new uptrend will start. On a personal note, I failed to sell a position at around 246. In retrospect, the signs were clearly there. We were at a B-correction of the Elliot ABC correction pattern. Price dropped from the B channel at around 246 to start the C correction wave that we're currently in. Volume was low on the rise, indicating not many buyers and sellers were waiting for a good price to start selling. Stoch and RSI were also indicating decreasing momentum.
Long
by veltto_keksi
6