OMGBTC seems to be in a predicament now. There's no buying pressure that will push the price above the downtrend slope. If it breaks above it, then we can retest the all time high. If not, we could go back to support around 150000.
Looking at market depth, selling side is a little thicker than the buy side. I don't see a good signal to enter yet. Probably when it dips to support, that's when I'll reenter again.
Looking at market depth, selling side is a little thicker than the buy side. I don't see a good signal to enter yet. Probably when it dips to support, that's when I'll reenter again.
Note
Should not go below the demand zone if it wants to move upNote
Profit taking in the supply zoneNote
perfectly following the flowNote
OMG needs to slow down if it wants to push higher than the all time high or else we could retrace down hard before another push up
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.