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OMGBTC trade ideas

OMG Bullish Trading RangeThis asset has held up very well over the last few turbulent weeks. If we take a look at the chart data, we can see the trading range is quite defined and its clear where institutional accumulation is taking place. What we want to do now is look for bullish divergence to the upside, and get involved once we see a change in market structure. OR, we can get a little riskier (which comes with more reward) by getting involved if we spring test the bottom trading range again. One of the most interesting things taking place on this chart is the declining supply (volume) evident over the last couple days. I take this as evidence of impending markup, which is usually followed by increasing volume at the break-out to keep gains in check. As for the USD value of this asset, please see my OMGUSD posts. The pattern is different, but there is also a clear trading range in that chart. However, the USD value of OMG is dependent on what occurs in the BTCUSD chart, so its important to keep the latter pair in mind.
Long
by Trader6127
4
OMGBTC exchange rate rises...OMGBTC exchange rate rises. Currently, the exchange rate is from the correction level of 0.00217063. If we are dealing with a wave of fractal, then the exchange rate begins to increase more strongly. Even though the angle of the ATR does not justify this. Therefore, the rising angle will be steeper than indicated by the ATR axis angle. Thinking this strategy further, the exchange rate could rise to a target price of around 0.00364642 within a month or more.
Long
by meszaros
3
$OMG will bounce on the 221k supportbut the old red support becomes a resistance. looks like OMG still needs a couple of days to recover. that's for the optimistic scenario. my second scenario shows it will stall quite badly. watch the 171k mark. OMG CEO isn't probably someone to trust. and nothing proves that what he says is true. no git repo, only vague pictures and tweets about potential deals with mcdo and appl. maybe the hype is gone on this one. time might proves me wrong on the second scenario. I own a few OMG in my bag and won't sell them anyway.
by mauriceriguel