OMG has been in a huge downtrend along with the rest of the market. We can see that it has found a level of support (for now), however, we aren't all that far from the all-time low. Obviously, there are many paths OMG can take, along with fundamentals being a bit poor at the moment (I don't think the Dev's are delivering on the project in respect to the...
You can see the similarities with the MACD divergence and the RSI reaching a possible bottom. If this is the case, we are looking at a possible bull run. The only way this drops more is if BTC takes a crap. If BTC stays stable or moves up, we should see a move up.
The MACD looks to be making a move to the bullish side with a divergence along with RSI maxing out at a low. There could be a bounce to the upside which would align to some very interesting time frames. There is a chance it could be an inverse head and shoulders in the making in the weekly time frame. This would mean: 1.) Bullish through to December which...
This is the weekly chart and while there is not a ton of data on this seeing as it's relatively new, there is a bullish divergence being shown on the weekly chart. This also lines up with ICX being at an all time low from when it first came to market. If BTC goes down, I'm sure there is room to go down well past this all time low, however, this chart...
You can see the descending wedge in the chart which it has been respecting and within the next 24 hours or so it will make a decision on where it wants to go outside of the wedge. Generally these wedges see a break up. Volume is decreasing as it's consolidating as you can see from the light red arrow on the volume bars. Initially from the jump it was forming a...
The bearish downtrend we have been having since the $19k high mid December 2017. Since then we have created two descending triangle formations. 1.) The first is the top blue dashed line with the purple dashed line which is the full segment of the bear market. 2.) The second is the Red solid line with the purple dashed line which engulfs a more stable descending...
Updating my last publication with a few additional support lines. We've dropped out of the bullish channel which kind of sucks - that's now confirmation for me that we can drop to a 6k low as a real possibility, however, you can see there is strong support at both the 7200 6900 ranges. A break back into the bullish 2017 channel and a re-test as support would be...
Just updating my last idea here: BTC decided to break through the long term bullish channel but it's sitting right below it. BTC appears to have done this many times in the past where it breaks through, hovers right below, then makes a jump, like a bear trap on the daily. It did break the channel so chance we drop to the doom and gloom of 3-6k that everyone...
Posting an update from my last chart I thought BTC would bounce to the top of the long term trend channel I had listed, specifically due to the bullish momentum, but we should have known better! Looks like it wants to go sideways and slowly bleed out until we hit the bottom of the long term trend channel (Red Line, previously orange in last chart). I'm...
I put together this idea on BTC with long term trend lines and adjusted my line for high volatility. I first built this and have been mapping it for 2 weeks now, and so far fairly accurate. I'm not offering any suggestions here, simply what I feel is a possibility.