OMG FLIES TO NEW HIGHS AFTER CHINA SCAREOMG WILL BE ACCEPTED IN 40 MCDONALD'S IN Thailand ... steemit.comLongby wipfster6
OMG NEO QTUM & PAY - After the selloffIt's been a few days (four to be exact) since we woke up and realize the market had sold off. Whether it was the China Syndrome or just typical profit taking after some great performances which led to a broader selloff is insignificant at this point. This morning I was looking at four of my long term holdings to see how they performed since the market contraction. At this point I'm not looking at specific technical indicators I'm looking at overall performance and how the market reacted as money start pouring back into these coins. It's important to monitor how your portfolio reacts at these times as it may provide some additional insight to the strength that of specific coins. We all know that rising tides raise all boats, and this appears to be the case, but some boats rise better than others. This MAY be an indicator of weakness in your portfolio and warrants further analysis into making the appropriate adjustments. My buddy Phil throws all his equities onto one chart to monitor performance. He considers this his "Bible of Investing". He only wants to be in Thoroughbreds. His philosophy is stocks (or coins) that make higher highs on a consistent basis, will continue to do so in the future. This makes sense as in order to make a new high you have to beat the previous one. Hence the above graph above. It's time to see not only how they performed over the past few weeks or months, but more importantly how have they performed since the selloff which is generally and indicator of overall strength, as whales love selloffs. OMG is a true thoroughbred, best in breed from the day it was born. From out of the gates it has outperformed every other horse in my portfolio so it is no surprise to see it was the first to make a solid comeback. This is a horse that every other horse will be judged by, the standard of thoroughbreds, the California Chrome of coins. Within a day was almost back to pre-selloff levels. It then took control and surged past the sell off level (in red), retested and surged again and continues to trend up. NEO lagged a little, but has since in the last few days started gaining some ground with a similar movement to what OMG did on the 5th, so we could expect another wave up and I will be watching for a signal. QTUM was the one that really peaked my interest. It made a similar move to NEO out of the gate and only yesterday started gaining some traction. Like OMG It also made a higher high above the prior selloff rally line. NICE! (talk about having some bones on a long shot) Then there was PAY which as most of you know was in the Dog House last week. It showed some glimmer of light as it initially performed like the others and then fizzle out coming around the 3rd turn. What happened (besides me losing a few bones on the breakout)? My thought is the original buy back was bargain hunters, and traders, of course after a dip like that we would expect some volatility which we got. But it appears that PAY was not a bargain, and may not deserve to "run for the roses". Regardless of what YOU or I think about PAY, this is what the market is clearly telling us. The only thing that is ever 100% right, is the market. I look at OMG & QTUM and it's obvious I want to own them. NEO has performed as we would have expected from a solid Horse. But PAY? It still has not breached it's pre selloff level, and unlike the other three that have found support at this level, Pay has found resistance. AUGHGHGHG. What's this tell us? Large investors MAY not see PAY like some of us do or did. Big money is cautious and invests for the long haul and hires experts to analyze. Where did big money step in? I'm assuming at the cyan vertical line, as that is where volume and price picked up, Looking at the trend angle PAY was a laggard buy a lot. I'm not saying PAY should be sold off, but PAY has gone from the dog house to the wood shed, and I will be closely monitoring to see if it belongs in my wallet.Longby goldbug1Updated 282835
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.Longby AbdorhmanThi224
OMG/BTC continuing its uptrendOmiseGO looks like it will continue it's uptrend now. Set Buly Limit : 0.0023 Buy Area: 0.0020-0.0023 TP: 0.0030 - Target price of ascending triangle also the fibo 161.8% to add confluenceLongby alvincris.catabayUpdated 5
$OMG possible short scenario$OMG in a descending channel. Could bounce from the previous support around 260k-263k or even higher. Take profits starting at 285k to 300k.Shortby kaisermidasUpdated 1
Need a bit more power to break and go beyond!Check the graph on 1D you can draw a channel. Let's hope it will break upwards...Longby JustC102
OMGBTC and Double TopOMG is one of good coins. It was moving in up trend since last month. OMGBTC looks like building double top pattern in 60 minutes chart. I tried to show this pattern and graphic. If it will not broken and become double top when it will broken 0.00230000. It will go down as X distance and it will test its up trend's support line (which line i showed as orange.) You can use as buy chance this support line of up trend. Do not forget 0.00204969 is important support point which point ensure up trend for now. If double top pattern will broken before complete it might go up to 0.00255000 then you can try trade as put stop loss to 0.00255000. If you have position at OMG you can use 0.00230000 as profit stop loss. Shortby rbinarUpdated 0
OMG/BTC cup and handleOMG cup and handle pattern forming with resistance at 262 and 269 (safest entry)by HornHairs1
OMG Trend support and possible consolidationAfter the panic dump of OMG it broke the trend but quickly recovered back onto it, I expect the markets to stay calm for a while and move sideways, with OMG does the same before deciding on a more straight direction.by ArtsTradingUpdated 7
OMG Inverse Head Shoulders + Price targetStill very fresh at TA (started this week!) and have been staring at charts non stop. I started plotting this theory right around the first blue arrow when I noticed the inverse Head Shoulders (had to verify, wasnt sure if this one counted). Based on this I expect a price target between .0027 and .0028 before falling back down a bit. Obviously this is very short term right now, sorry for not sharing earlier. thanks @goldbug1 for confirming my thoughts on this one!Shortby Schmeaulin1
OMG - Time for a breakout? Getting CloseI've seen numerous coins consolidating similarly, and though I thought PAY would be the first to break out, OMG appears to be leading. Fake breakouts happen all the time, so I am looking for the RSI to break 72, and OMG to break the former resistance line. Being it was in a bearish trend we will most likely see it bounce back from the resistance line and back off the consolidation channel. If it breaks through the consolidation channel and the RSI does not go above 72, we will move our channel up. Thanks for reading and good luck trading.Longby goldbug1Updated 565623
OmiseGo - What's about to happenTwo possibilities, if goes down then it's a buy at 0.0017 or else sell like it's given.by Incarnation115
OMGBTC- Waiting for a COT on the 4hr OMGBTC was one the coins that held up well against the Chinese news. Price is testing the 0618 level of the full move. A Fib analysis provides us with an indication of where we may head to if the trend resumes 127% & 161.8 overlapping price targets. We need to see a HH on than the last swing high on the 4hr to take this trade as the trend has not changed. Once a COT (change of trend) is confirmed by a three step pattern the Bulls will move in to take this long. If we break this level we are heading down to the next fib level before the Bulls come to play. Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they are not advice.Feel free to donate BTC to my account if you happen to benefit from my plans. BTC address www.btcmarkets.net 15HB2vstnjdUw4RGcrikWTtW8aCK8DJCtj Paypal: paypal.me/gillianpatriceLongby gillianpatrice2212
OMG longi took few OMG today in the 210k area not much though. thats all i did today. A big red day usually isnt good to close any positions. And the first of which is usually not good to enter anything. that being said, its good to hedge alts with BTC long if expecting higher prices of BTC. My biggest position remains BTC and after that actually is ETH not FCT tbh. I dont consider ETH as alt anymore tho and i need ETH for ICOs. not a bad day at all. Longby XiamosUpdated 2