OMGBTC trade ideas
OMGBTC trade setupOMGBTC looks like it's gonna break down its current support at 2220. It will go down to the trendline support and bounce back up. Buy when it touches the trendline support.
Omisego month long channel identifiedWell there's tons of buzz about Omisego and despite it's declining volume there has a been a clear uptrend in price and it has remained in the top 10 for daily volume on Bittrex for some time now. This is a long term hold for me, accumulating all along on the dips
OmiseGo the steady climberWell , this is a map with no special target , only to follow and keep track of the overall bullish trend around this share , OmiseGo is under big market movers right now , it has seen a strong growth and a lot of buyers since , whales have suppressed the price and we are now between 215 / 240 since 3 days. Since there's a lot of news coming with OMG this month , i would take the risk of a small investment , of course , this is only my opinon , not an advice , if you can catch a price near the 0.0022 mark or even between 0.00213 and 0.0022 ( in the case the coin dont go lower of course )
Im not a professional and it is only for speculation and only a idea , not a financial advice , have a great night / day
OMG bouncing off support and continuing in trend line, bullishWith BTC dropping a bit yesterday after an ATH, some of the alts have taken a hit. Sitting with OMG in my portfolio I'm holding more or less on a swing till I get into some good profits within the next few weeks.
Should OMG drop out of it's trend line and below the top red support line, it could be an indication that it's time to cut losses and move into something more profitable on a short or another swing trade.
So far it's bounced off support a few times on this 4 hour chart and is heading for higher water. I'm looking for a sale upwards of the 0.00400 level.
Best of wishes, and best of trading!
OMG price predictionEverybody is waiting for the September news. This maybe a good news that will be announced at the Berlin meeting together with Golem and friends, but who knows? There are also speculation of teaming up with Apple due maybe because one of the team Jun, shows a skateboard with sticker of Apple Logo. But we still don't know. While others are optimistic, some are also cautious that there might be a bear on the plasma land as what Santiment feed on it's twitter if the price of OMG drops to 0.0021btc per omg.
In the graph, I set up the horizontal line at 0.0021-22..
Trend line is upward. As of writing, price is side tracking near the lower ascending channel.
Some guys in reddit told maybe it's an Ascending triangle, I can see it can be true there are still needed price validation. The big green bar at the last part of consolidation seems like bullish but once news hits the crowd that OMG became the first Unicorn "having market cap of 1B" same as Qtum, some began to feel nervous and want to hedge so they cash out. But the true believers are still holding and buying.
We need more price confirmation if it will go bearish, but as of now, Imho, the trend of OMG is still bullish, as of writing, it's just resting and finding new support level at 0.0022. I will hold and wait for the implementation this quarter 4 , Oct. news is huge.
This is not a trading/financial advice and solely for the author's personal education about market analysis in crypto.
Due diligence is a must. Be responsible trader and do your own diligence. Thank you!
OMG - Time to Back up the Truck Part 2A couple days ago we posted a chart on OMG titled "it's time to back up the truck!!! (well almost)". Well it looks as if the setup is starting to happen and it's time to grab your keys, start the truck, grab some beer, wings, and hotdogs and put down the tail gate! O.K. maybe that's me preparing for the Florida State - Alabama game tonight, (ROLLLLLL TIIIIDDEEE) but that's later. Right now I'm focused on OMG. And it appears that we have hit the final Inflection point. Now I labeled it REFLECTION and for a reason. We cannot just assume it's time to enter a trading position ( 1/4-1/2 at a time, this is critical money management), we must now reflect and use our tools to decipher the overall trend and our signals to confirm it. The trend is our friend and the only true thing that matters in trading. I have drawn a long term trend line going back to the I.C.O. I have also put the consolidation box we spoke of in the previous article where the coin had broken from the box, but we need 2 things to happen, #1 a retest of the box. Well it has retested and is trending slightly up parallel with the shorter linear regression line. #2 we need a break out signal to confirm this. We are currently, and have been since the ICO, in and overall uptrend so I like this setup enough to entered a 1/3 position at this time with a very tight just stop below the 52 day high. I will wait for confirmation of our trade signal prior to entering the another 1/3 on the breakout, and the final 1/3 when we have full thrust. I see several traders post trades with FUTURE buy points based on current information. This is NOT a future buy point. This is a future take a look at point! Use this information for potential setups. yes put on the hot board to monitor and analyze. But providing a "future" buy point is silly for an active trader. Why do you ask, well traders regardless of indicators are looking at trends. And we do not know what the current trend is, let alone some future trend. A trend is connecting two points and drawing a line between them and finding the slope. The best we can do is provide a current point, so we connect the current with the past, draw the line, find the slope and whallaaa, we have the most recent trend line. Without future data one cannot definitively state where the current trend is as the slope would be based on the current point and some future point. So if data is changing and trends are continuously changing based on time frame, how can you conceivably pick a point in the future and say if it hits this point buy, and then point to current data with the assumption it will still be relative in the future? Ok maybe I'm jealous someone else has a crystal ball. Well I don't and neither do you and fortune tellers are a farce. We must use our tools to provide the best probability that AT THE TIME we are buying, we are most likely buying in an uptrend. I'm not saying this information is useless, quite the opposite, you just have to do your research and insure at the point the signal triggers your trend data is showing the same. Do NOT just put in an order at some future price, that's lazy trading and for losers. Use this information in conjunction with your analysis prior to entering the trade. So we are stuck with the tedious duty of looking at indicator and signals, before buying and then after we buy monitoring them. If you want to win at trading, you must be vigilant and willing to put in the time, not just follow someone posting a future target, with some colorful fluff, and a few indicators and provide an if then statement. You might as well throw a coin in the air with head i'm long tails i'm out. In truth the coin toss does generally better than the average trader. Don't be average, and don't be lazy. Do your homework and put in the time.
Long OMG brothers and sistere! and I'm in! But do your homework before buying!
Thanks for reading and good luck in the pit today!
OMG on days to comeI see 2 possible scenarios for OMG on the days to come... One of the scenarios suggest it will find its way to 25, and there it will start to drop following an ABCD pattern with a final price around 23.. The other one suggest to reach around the 28, as the top the elliot impulse wave, and the it will start the retracement following an abcd pattern.
DONT FOLLOW MY ADVICE, I ALREADY BOUGHT AT THE DIP, SO IM NOT RISKING BY TRADDING AROUND WHERE WE ARE NOW EVEN IF IT DROPS.
OMG end of accumulation phaseAfter completing a great EW cycle, OMG is moving out of the accumulation phase
The current support is at 180.
The breakout shall be very soon
This is not a trading device, just my point of view
## Ascending triangle OMG GEE ##Nice Indicator, shows this coin should continue in the right direction.
OMGBTC breaking fib lines like they're nothingOver the past 24 hours OMGBTC has been in a sort-of consolidating uptrend. It has finally broken clean through and is well above the ichimoku cloud. Look to take profits on next fib break for swing traders
OMG repeating triangles.... repeated?OMG has been consistent with a bullish trend since the beginning... the recent bump up to an ATH is still sitting in the trend.
I see ascending triangles... the ones surrounding the larger spike being smaller.
This could indicate a head and shoulders pattern... beware
OR it could mean a continuation of the ascending triangle trend once we have the next consolidation.
WIth BTC going so crazy, I'm not sure we will have the volume to break out for more ATH's until mid September...
Still a newbie graph-er so criticisms and teachings are welcome!
